A recent survey has discovered that property in the vicinity of a Waitrose store sells for way above the national average house price.
But the reason why is not quite clear. Some would argue that house prices in the local area jump up after a Waitrose has opened while others believe that Waitrose targets affluent areas as they are a premium supermarket chain.
Whatever the reason, the fact remains that homes close to a Waitrose do sell for more: the average price of a home in the UK in 2018 was £230,776 while homes within 0.25 miles of a Waitrose store sell for £469,933 on average.
Solihull can boast its very own Waitrose on Homer Road and smarthomes are currently selling brand new apartments a stone’s throw away at Prince’s Gate, also on Homer Road. With prices from just £179,950, these apartments are perfectly positioned to take advantage not only of Waitrose but also of the many other facilities Solihull has to offer, including fantastic shopping; a great range of bars, coffee shops and restaurants; large local parks and a leisure centre.
Jamie Smart, Director of smarthomes commented, ‘Prince’s Gate is proving incredibly popular and it’s easy to see why – everything is on the doorstep – from Solihull train station and town centre, to Tudor Grange Park and leisure centre. And having Waitrose as your local shop is an added bonus! Prince’s Gate particularly appeals to those wanting to downsize, who want an easy life right in the heart of Solihull.’
To find out more about Prince’s Gate please click here: