The nation’s cheesiest property pockets where properties sell for up to 11% more to celebrate National Cheese Day 2020
This Thursday, the 4th June, marks National Cheese Day and to celebrate leading lettings and estate agent, Benham and Reeves, has looked at the cost of buying across the cheesiest property pockets of the UK market as well as which offer the best rental yields.
Benham and Reeves looked at the average house price, annual growth and rental yields available from Gloucester to Cheddar, Cheshire to Durham, and everywhere in between with a cheese-related name to see which left the sweetest taste for homebuyers, owners and potential landlords.
The figures show that when it comes to the highest average house price, Gloucester tops the cheese charts with properties selling for £269,371. Stilton also ranked highly with property prices in Huntingdonshire going for an average price of £260,863, followed by Stinking Bishop with prices in the Forest of Dean going for £243,237.
Cornish Yarg (£238,059), Cheddar (£232,815), Red Leicester (£231,840) Cheshire (£218,595) and Wensleydale (£215,327) were also home to an average house price upwards of £200,000.
Durham Blue sits at the bottom of the table with an average house price of just £100,095, bad news for homeowners but great news for those looking for an affordable, cheesy property purchase.
When it comes to house price growth Durham homeowners will be even bluer, as it’s the only area in the list to have seen a decline on an annual basis; down -2.11%. However, there is a silver lining as Durham Blue ranks top for the best available rental yields of the bunch at 5.9%.
For the most fermented levels of house price growth, homebuyers should look to Wensleydale. Not only is it one of the more affordable areas, but prices have also increased by 2.9% over the last year.
|
Cheese
|
House Price Location
|
Average House Price
|
Annual Change
|
Average Rental Yield
|
|
Caerphilly
|
Caerphilly
|
£140,087
|
1.21%
|
4.5%
|
|
Cheddar
|
Sedgemoor
|
£232,815
|
2.89%
|
3.5%
|
|
Cheshire
|
Cheshire
|
£218,595
|
0.94%
|
3.9%
|
|
Cornish Yarg
|
Cornwall
|
£238,059
|
2.00%
|
3.6%
|
|
Durham Blue
|
County Durham
|
£100,095
|
-2.11%
|
5.9%
|
|
Gloucester
|
Gloucestershire
|
£269,372
|
1.25%
|
3.5%
|
|
Red Leicester
|
Leicestershire
|
£231,840
|
0.88%
|
3.3%
|
|
Stilton
|
Huntingdonshire
|
£260,863
|
0.21%
|
3.8%
|
|
Stinking Bishop
|
Forest of Dean
|
£243,237
|
1.23%
|
3.2%
|
|
Wensleydale
|
Richmondshire
|
£215,327
|
2.90%
|
3.3%
|
|
England and Wales
|
£243,809
|
0.74%
|
3.4%
|
|
You May Also Enjoy
UK rents fall for first time on record
London boasts most slow-to-sell properties
Rental availability rises 25%
From loft insulation to lower interest rates: How energy efficiency really pays off
How homeowners can save big by going green
