A new report has found that having a branch of Aldi near to your house can add up to £5,000 onto its value.
Research from conveyancing firm My Home Move has found that the “Aldi effect” is pushing up prices wherever new stores are opened across the country, representing a 2.5% rise in the value of the average UK home. Aldi is now the UK’s sixth largest supermarket, winning increasing numbers of middle-class shoppers from higher-end rivals such as Waitrose.

Doug Crawford, CEO of My Home Move said: "Our own research has shown that a third of home movers chose their new property based on its proximity to shops and local amenities.

"A few years ago people were talking about the Waitrose effect, but today it seems home buyers are choosing to take the 'swap and save challenge' to heart."