Research by eMoov looked at areas of the country with baking links to see how the market differed from the summer of 2014.

Chelsea – home of the Chelsea bun – had average house prices of £2 million, higher than any other location surveyed. This was despite a 3% fall in prices since last year.

Bramley, of apple pie fame, saw the biggest increase in prices. The average property price now stands at £333,000 following a 7% rise in the last 12 months.

The best value bakery location was Eccles in Greater Manchester where the typical house costs £148,000, up 2% on August 2014.

In the battle of the breads, the home towns of Hovis and Warburtons were also compared by the property firm.

It found that property prices in Macclesfield, birthplace of Hovis, were £261,000. This was well ahead of Warburtons’ home town of Bolton, where prices averaged £ 146000. Both towns had seen a 1% price rise in the last 12 months.

Founder and CEO of eMoov.co.uk, Russell Quirk, said: “It’s funny how well these British favourites reflect the property markets in their home towns. Although the Chelsea Bun is delicious, its more prestigious image and newfound 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.”