What the UK’s Average House Price Gets You Across the Country
The house price index gives us an idea of what type of property we could buy.
The latest house price index released by the Office for National Statistics, noting a rise in average house prices 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.
The House Price Index is a very useful tool to gauge the current state of the UK property market.
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
|
Rank |
City |
Average No. of bedrooms |
Average No. of bathrooms |
Chance of driveway (%) |
Average square metre |
|
1 |
Blackpool |
4 |
2 |
100% |
90 |
|
2 |
Stoke-on-Trent |
4 |
2 |
100% |
86 |
|
3 |
Sunderland |
4 |
2 |
80% |
90 |
|
4 |
Preston |
3 |
2 |
100% |
91 |
|
5 |
Bradford |
3 |
2 |
100% |
85 |
|
6 |
Edinburgh |
3 |
2 |
20% |
96 |
|
7 |
Leicester |
3 |
1 |
100% |
90 |
|
8 |
Plymouth |
3 |
2 |
40% |
90 |
|
9 |
Glasgow |
4 |
2 |
40% |
96 |
|
10 |
Wolverhampton |
3 |
1 |
80% |
90 |
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 |
London |
2 |
1 |
0% |
47 |
|
2 |
Reading |
2 |
1 |
0% |
88 |
|
3 |
Manchester |
2 |
1 |
0% |
86 |
|
4 |
Southend-on-Sea |
2 |
1 |
0% |
94 |
|
5 |
Bristol |
2 |
1 |
20% |
92 |
|
6 |
Leeds |
2 |
1 |
20% |
86 |
|
7 |
Milton Keynes |
2 |
1 |
40% |
91 |
|
8 |
Southampton |
2 |
2 |
20% |
84 |
|
9 |
Luton |
2 |
2 |
40% |
89 |
|
10 |
Cardiff |
3 |
2 |
0% |
100 |
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