Beaconsfield tops the list as house price premiums for UK market towns soar by £460 a month

Home buyers are paying premiums of up to 189 per cent to live in the UK's most desirable market towns, according to a new report.
House prices in market towns across the UK have risen by an average of £460 a month over the last 10 years, according to a new report by Lloyds Bank.

Home buyers in Beaconsfield, south Buckinghamshire, pay the largest premiums in England, with homes selling for 189 per cent above the county's average - where house prices are now just shy of £1 million.

With commutes to London starting from just 23 minutes, it's a popular choice for City-based professionals with families who are leaving the capital in search of larger homes and good schools.

Old Beaconsfield has chichi shops, period cottages and a great food market in the church square, while new Beaconsfield has the station.

"A home in an attractive market town in the heart of The Chilterns countryside, while also being within easy access of London, provides residents with a genuine sense of having the best of both worlds," says Ian Allen, a senior manager at Hamptons International.

READ MORE: the most popular commuter towns for Londoners quitting the city

The report reveals that at the top of the market, homebuyers are paying premiums of up to £100,000 to live in the UK's most desirable market towns

The top 10 most expensive commuter towns are located in the south east - the UK's fastest growing region - with Lewes in Sussex and West Malling in Kent both offering direct links to London.

This could be one instance where money can buy you happiness, as people living in market towns are happier than those living in cities, according to data from the Office for National Statistics.

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