Revealed: What the UK’s average house price will buy you across the UK

November 2021: This week ONS released the latest house price index, noting a rise in the average house price across the UK from £264,000 to £270,000.

A new study has revealed where UK homebuyers will get the most value for their money, based on the number of bedrooms, bathrooms, square meterage, chances of a driveway and the type of house across the top 30 most populated UK cities.

Key points from study:
  • ONS released updated house price index on 17th November 2021
  • New research reveals where homebuyers will get the most bang for their buck, based on the UK’s average house price
  • Stoke-on-Trent named the best city for value for money, with the average property being detached and giving you 3 bathrooms, 4 bedrooms and a driveway

Stoke-on-Trent, Derby and Kingston upon Hull offer the most value for money, according to the analysis by conservatory supply and installation company, ConservatoryLand, while Southend-on-Sea, Reading and London offer very little for upwards of £270,000.

Whether looking for a property for a growing family or simply more space for guests, Stoke-on-Trent offers the best value, averaging 3 bedrooms, 3 bathrooms and a driveway. London is named the worst city in terms of value for money while outside of London it’s Reading, averaging 2 bedrooms and 2 bathrooms.

When it comes to square meterage, Cardiff offers the most space averaging £2,700 per square metre, while perhaps unsurprisingly London is named the most expensive with homebuyers paying an eye-watering £5,745 per square metre.

So, what exactly can the UK’s average house price, £270,000, get you across in the UK’s biggest cities?

The top 10 cities for value for money:
Rank City Average No. of bedrooms  Average No. of bathrooms Chance of driveway (%) Average square metre
1 Stoke-on-Trent 4 3 80% 86
2 Derby 4 2 100% 91
3 Kingston upon Hull 4 2 100% 87
4 Blackpool 3 2 80% 90
5 Wolverhampton 4 1 100% 90
6 Newport (Wales) 4 2 60% 95
7 Birmingham 3 1 100% 90
8 Liverpool 3 2 80% 92
9 Coventry 3 2 80% 89
10 Preston 4 1 80% 91

 

The top 10 worst cities for value for money:
Rank City Average No. of bedrooms  Average No. of bathrooms Chance of driveway (%) Average square metre
1 Norwich 2 2 80% 83
2 Cardiff 3 1 40% 100
3 Milton Keynes 2 2 40% 91
4 Sheffield 3 1 40% 88
5 Luton 3 1 40% 89
6 Manchester 2 1 40% 86
7 Bristol 2 2 20% 92
8 Southend-on-Sea 2 1 0% 94
9 Reading 2 1 0% 88
10 London 2 2 0% 47

 

Revealed: What the UK’s average house price will buy you across the UK

The full study can be found here.

 

Sources

https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/september2021

https://worldpopulationreview.com/countries/cities/united-kingdom

https://www.rightmove.co.uk

https://www.zoopla.co.uk/house-prices/

 

Kindly shared by ConservatoryLand

Main photo courtesy of Pixabay