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

February 2022: The latest house price index released by the Office for National Statistics (ONS), noting a rise in the average house price across the UK from £270,000 to £275,000 – a record high.

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.

Blackpool, Stoke-on-Trent and Sunderland offer the most value for money, according to the analysis by conservatory supply and installation company, ConservatoryLand, while Manchester, Reading and London offer very little for upwards of £275,000.

Whether looking for a property for a growing family or simply more space for guests, Blackpool offers the best value, averaging 4 bedrooms, 2 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 1 bathroom.

When it comes to square meterage, Cardiff offers the most space averaging £2,750 per square metre, followed by Edinburgh and Glasgow both averaging £2,865 per square metre, while perhaps unsurprisingly London is named the most expensive with homebuyers paying an eye-watering £5,851 per square metre.

So, what exactly can the UK’s average house price, £275,000, get you across in the UK’s largest cities? 

The top 10 cities for value for money:

The top 10 worst cities for value for money:

The full study can be found here.

Kindly shared by ConservatoryLand

Main photo courtesy of Pixabay