Britain’s most desirable military towns where homes command premiums as high as 51%
The latest research from eXp UK has revealed that homes located close to some of Britain’s most prominent military towns command a price premium of up to 51% when compared to property values across their wider local authority areas.
eXp UK analysed property values across 12 postcode districts home to major Army, Navy and RAF locations, comparing the average sold price in each area to that of the broader local authority to reveal which of the nation’s military towns are most sought after by homebuyers.
The research shows HMNB Clyde, in the G84 postcode of Argyll and Bute, is Britain’s most sought after military town amongst homebuyers.
With an average property value of £308,476 in the G84 postcode, homes within reach of HMNB Clyde command 51% premium when compared to the cost of buying across the wider local authority (£183,122).
In second place is RAF Northolt, where the average home in the HA6 postcode commands £783,822, a 46% premium compared to the wider Hillingdon average of £489,761.
Close behind is RNAS Culdrose in Cornwall, where homes in the TR12 postcode are valued at £461,232, 46% above the local average of £288,513.
Other prominent military towns commanding a premium include RAF Halton in Buckinghamshire (22% premium), Warminster in Wiltshire (12% premium), and Aldershot in Hampshire (10% premium).
However, not all military towns sit above their wider local benchmarks. Properties close to RAF Brize Norton, York Garrison, Colchester Garrison, and HMNB Devonport all fall below their respective local averages, with Plymouth’s PL2 postcode sitting 14% below the citywide figure.
Adam Day, Head of eXp UK and Europe, commented:
“Military towns are an integral part of the fabric of communities across the UK. They tend to benefit from stable local economies, strong infrastructure and a distinctive sense of community – all of which help make them particularly desirable to homebuyers.
For sellers, proximity to a well-established military presence can be a valuable asset that helps support property values, even when wider market conditions are more challenging.”
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