The UK's cheapest and most expensive places to buy a home
Abi Harman
23 January 2018
How much house can you get for your money around the UK?
We take a look at the most affordable - and unaffordable - places to buy in the UK based on the average sold price. So just how much house can you get for your money?
Least affordable: City of Westminster
According to emoov, the least affordable place to live in the UK is the City of Westminster. The inner London borough occupies much of the central area of Greater London including most of the West End, so it comes as no surprise to us that it'll cost an arm and a leg to buy a property here.
Average sale price of property: £4,776,250
For a little bit less than the average sale price, at £4,500,000 you could purchase this six bedroom, family maisonette in Warwick Square. It may cost a lot but comes full of amenities with a drawing room, dressing rooms and lift access.
Least affordable: Kensington and Chelsea
The royal borough of Kensington and Chelsea is the smallest in London, yet has some of the highest property prices. Packed with high end department stores such as Harrods and Harvey Nichols, as well as some major museums, its perfect for those that enjoy the finer things in life.
Average sale price of property: £4,141,718
Located on one of the most popular residential streets in the borough, this five-bedroom house in Bedford Gardens has the hefty price tag of £3,995,000.
Least affordable: City of London
Living in the business centre of London might shorten your commute, but it certainly doesn't come cheap.
Average sale price of property: £2,168,000
You'll get £52,000 in change from the average sale price if you purchase this two bedroom, luxury apartment in the Square Mile, which is on the market for £2,116,000.
Least affordable: Camden
Located in the Northern part of the city, Camden has been a residential area since the 1970s and today doesn't come cheap. It's a bustling part of London with world famous markets and the picturesque canal lock drawing crowds all year round.
Average sale price of property: £1,576,735
For just below the average price of this popular London borough, you could buy this unique three bedroom property. Set across five floors, it is right on the doorstep of all the action in the area of West Hampstead
Least affordable: Runnymede
Outside of London, properties in the Surrey borough of Runneymede are in high demand and contain some of the most expensive housing options in the city's commuter belt.
Average sale price of property: £1,420,792
A great example of what you can get for your money in Runneymede is this detached home in Thorpe, on the market for £1,450,000. For this hefty sum it comes complete with riverside views and an indoor swimming pool.
Least affordable: Barnet
The North London borough of Barnet is set within the Metropolitan Green Belt and has a number of parkland spaces, including Oak Hill Park and Brent Park, as well as eight local nature reserves.
Average sale price of property: £1,255,959
This period home is on the market for £1,275,000. It comes complete with a summer house and generous garden, which is always a plus in London!
Least affordable: Haringey
Covering an area of 11 square miles, Haringey is a borough of house price contrasts. Crouch End, Muswell Hill and Highgate have some of the most expensive properties in the country, while others, such as Hackney, come in slightly cheaper.
Average sale price of property: £1,181,660
Located in the prosperous area of Highgate, this private gated residence is on the market for £1,100,000. Set at slightly less than the average property price for the borough, it comes complete with a much sought-after resident's parking.
Least affordable: Hammersmith and Fulham
The trendy area of Hammersmith and Fulham, in the inner city of London, has the third lowest percentage of low paid residents in London. It's also unique for having three professional football clubs; Fulham, Chelsea and Queens Park Rangers.
Average sale price of property: £1,109,814
With the average property being sold for £1,109,814, it comes as no surprise that bricks and mortar doesn't come cheap. For just over the odds you could be the owner of this spacious three bedroom flat that has recently been refurbished.
Least affordable: Richmond upon Thames
The London borough of Richmond upon Thames is approximately half parkland and in 2016 was named the happiest place to live in London.
Average sale price of property: £1,102,579
Sitting in the small village of Teddington, this semi-detached new build is on sale for £1,000,000, which is below the average sale price for the area. Set over two floors it is perfect for a family of four who want to enjoy spacious living.
Least affordable: Elmbridge
Sometimes labelled as England's Beverley Hills, Elmbridge is know for its big houses with expensive price tags and a high density of celebrity residents.
Average sale price of property: £1,042,104
If you want to live among the stars, you could purchase this detached house for just over the average sale price of £1,075,000.
Least affordable: South Bucks
South Bucks is set in the countryside county of Buckinghamshire and attracts a large amount of London buyers that are looking to commute.
Average sale price of property: £1,030,221
You can purchase this £1,000,000 cottage set half a mile from the nearest commuter station Taplow that'll connect you to London Paddington in 26 minutes. Listed as being 400-years-old, it has one acre of lush land included in the deal.
Least affordable: Chiltern
Chiltern is in high demand for property buyers due to the fact that it is served by the London Underground's Metropolitan Line, even though it is in the county of Buckinghamshire. The peaceful district is motorway-free, too, a boon for anyone looking to escape the fumes and noise of urban living.
Average sale price of property: £1,023,737
For £950,000, you could be living in this charming barn conversion situated in Amersham. The clever design has kept all the period features including exposed beams and latched doors, offering a picture postcard property for under the average prices for the area.
Most affordable: Greenwich
We all know that buying property in London can cost an arm and a leg, but the Royal Borough of Greenwich is the most affordable place to purchase your home if you are looking to buy in the city.
Average sale price of property: £273,237
The borough is dominated by Georgian and Victorian architecture, especially in the old town centre. This one bedroom flat is part of a small residential development and is on the market for £279,995.
Most affordable: Bexley
Located right next to the Royal Borough of Greenwich is the London Borough of Bexley, another location that comes under the affordable umbrella. A large proportion of the borough is residential and property is in high demand.
Average sale price of property: £225,882
This period conversion is on the market in Sidcup for £235,000, which is slightly more than the average sale price of £225,882. The apartment has one bedroom, but is located in a popular development.
Most affordable: Caerphilly
Head to Caerphilly, Wales, if you are looking to buy property at a reasonable price. Since October 2017, the borough has seen prices fall by 0.5%.
Average sale price of property: £74,562
For near the typical sale price of £75,000, you could purchase this three bedroom, terraced house.
Most affordable: Copeland
The Borough of Copeland, in Cumbria is currently rolling out a £1 million regeneration of the towns and villages of the area. Local business can apply for a grant to improve the external appearance of the buildings, giving the look and feel of the whole borough a spruce-up.
Average sale price of property: £72,565
This might make it a good time to snap up some property in the area, as the average sale price has settled at £72,562. This semi-detached two bedroom house is on the market for £70,000 with Rightmove.
Most affordable: Bradford
Named the first UNESCO City of Film with attractions such as the Alhambra Theatre, the once industrial boomtown has gone through a number of changes in recent years, including the opening of shopping and leisure complex, The Broadway in 2015.
Average sale price of property: £72,449
Situated in Idle, this one bedroom terraced cottage is on our affordable property hot list at £70,000.
Most affordable: County Durham
In the last year, house prices in County Durham have remained fairly flat, with mostly semi-detached homes being sold. It has also been recently revamped, promoting Durham Castle and Durham Cathedral as tourist destinations.
Average sale price of property: £70,000
A stone built, two bedroom cottage in County Durham will set you back £70,000.
Most affordable: Liverpool
With an estimated population of 484,578, Liverpool is the fifth largest metropolitan area in the UK. Thanks to vast building works across the city there's also a a wealth of affordable properties on the market.
Average sale price of property: £70,454
Located in Pembroke Place, one of Liverpool's most up-and-coming areas, this new build one bedroom flat offers luxury living for £69,995.
Most affordable: North East Lincolnshire
.jpg)
Property prices in North East Lincolnshire have risen by just 1.19% in the last 12 months. Towns and villages in the borough include Grimsby, Hatcliffe and Scartho.
Average sale price of property: £59,116
With a lick of paint, this end of terrace house in Grimsby could be the perfect family home for buyers on a tight budget. It's on the market for £59,950, which is just above the average sale price of £59,116.
Most affordable: Cardiff
The capital city of Wales is a great location to invest in affordable property, with everything set in one place and masses of culture and history. In 2017, plans were approved to create a new suburb, Plasdwr, of 7000 homes to the northwest of the city.
Average sale price of property: £57,500
The majority of property sales in Cardiff involved terraced properties in the last 12 months. This building has been split into studio flats, with the top one going on the market for £59,950.
Most affordable: Rhondda Cynon Taf
Rhondda Cynon Taf in South Wales consists of five valleys, plus a number of towns and villages. Since the recession of the coal and steel industries there has been commercial redevelopment, including the opening of the Dragon International Film Studios in 2006.
Average sale price of property: £52,950
With the average property selling for £52,950, this stone mid-terraced property comes in slightly cheaper than the average sale at £50,000.
Most affordable: Wirral
Not far from Liverpool is the Metropolitan Borough of Wirral. With greater proportions of rural areas than the city, prices have risen by 8.51% in the last 12 months. However, it still remains one of the most affordable places in the UK.
Average sale price of property: £46,500
Set at the price of £45,000, you could be the owner of this two bed flat in Birkenhead. Conveniently located near local amenities and transport links, it's £1,500 cheaper than the average sale price of property in the area.
Most affordable: Middlesbrough
So, it's official, Middlesbrough is the most affordable place in the UK to live. The large post industrial town is part of Teesside and the majority of sales last year were semi-detached properties.
Average sale price of property: £46,000
Middlesbrough is the best priced option for buying property, with an average sold price of just £46,000 - that's a deposit of only £4,600. This semi-detached property is on the market for even less at £45,000.
Comments
Be the first to comment
Do you want to comment on this article? You need to be signed in for this feature