There is no denying Britain has a love for baking, one that has been rejuvenated and repackaged for younger generation’s through popular TV shows like the Great British Bake Off. But Britain made its mark on the baking world long before Mary Berry took to our screens. Leading online estate agent has taken a look at some of the nation’s favourites, the property market where they originated and the change in house prices since the last series of the Great British Bake Off aired.
Property Sweet Tooth
The Chelsea Bun runs away with the crown with an average house price of £2m+, substantially more than its closest rival the Eton Mess (£647,229). They’re closely followed by the Bakewell Tart (£365,000), the Bramley Apple Pie (£333.600), the Welsh Cake (£167,795) and propping up the table is the Eccles Cake, with an average house price in Manchester of just £147,736.
But if you’re looking for a sweet treat to stand you in good stead for the future, an investment in the Bramley Apple Pie is far sounder than that of the Chelsea Bun. Southwell home to the Bramley Apple has enjoyed the biggest increase in house prices since the last British Bake Off, with prices increasing by +7% in the last year closely followed by the Eton Mess (+6%). In contrast prices in Chelsea have dropped by -3% over the last year, the only sweet treat to have seen a decline
Battle of the Breads
The battle of the breads has long raged between Hovis and Warburtons. Property prices in both bread makers markets have seen an increase of 1% in the last year, however it is Hovis that comes out on top. With an average house price in Macclesfield, birthplace of Hovis, of £261,000, the loaf out performs Warburtons home town of Bolton by £115,000 on the average house price.
When it comes to Britain’s favourite pastries the South / Midlands divide over the Cornish pasty and the pork pie is a large one. Although Cornwall has a higher average house price (£246,581) than Melton Mowbray (£230,282), the Leicestershire town has enjoyed a bigger increase in value. Over the last year house prices in Melton Mowbray have increased by a healthy 6%, although prices in Cornwall have also risen, they have only done so by 2%.
Founder and CEO of eMoov.co.uk, Russell Quirk, commented:
“It’s funny how well these British favourites reflect the property markets in their home towns. Although the Chelsea Bun is delicious, it’ more prestigious image and new found popularity has pushed up the price.
The humble Bramley Apple Pie on the other hand is simple but appealing. Although the appetite for property in Macclesfield may be slightly less, the high increase in house prices highlights the growing demand in the area.”