x
By using this website, you agree to our use of cookies to enhance your experience.
STAY CONNECTED!
    
newsletter-button

TODAY'S OTHER NEWS

How many bedrooms can you get for the average national house price?

The average number of bedrooms buyers can get for the national average house price - £229,431 – in cities across the UK has been revealed in research from property site OnTheMarket.

The number of bedrooms buyers can get for their money varies hugely up and down the country, from a leasehold studio flat in inner London to a three-bed house with parking and a garden in Cardiff, Newcastle, Leeds and Birmingham.

Of the cities analysed, Birmingham was found to be the place with the most available (60%) three-bed homes currently on the market with a price tag of about £230,000.

The tables below highlight the average number of bedrooms you can buy for £229,431 in major UK cities and the percentage of properties currently for sale in each city at £229,431, as well as what the average available property type in each city includes.

UK city

Bedrooms you can buy for £229,431

% of properties currently for sale in each city at £229,431

Birmingham

3

60%

Glasgow

2

46%

Leeds

3

50%

Manchester

2

48%

Newcastle upon Tyne

3

39%

Inner London

1/studio

69%

Outer London

1/studio

64%

Cardiff

3

59%


UK city

Av. property type available for £229,431

Birmingham

House/Freehold/Parking/Garden

Glasgow

Flat/Ownership(freehold)/Parking/Access to Garden

Leeds

House/Freehold/Parking/Garden

Manchester

Flat/Leasehold/Parking/Access to Garden

Newcastle upon Tyne

House/Freehold/Parking/Garden

Inner London

Flat/Leasehold

Outer London

Flat/Leasehold/Parking/Access to a garden

Cardiff

House/Freehold/Parking/Garden

To collect the above results, OnTheMarket combined its own house price data with the National House Price Index to discover how many bedrooms buyers can get for the current average house price (published July 17 2019, showing May data) in each of the major cities shown above.

“The UK’s national average house price means very different things to buyers up and down the country so this data shows exactly what they can get for their money in the big cities,” Vikki Bennett, spokesperson for OnTheMarket, said.

“In Inner London there are properties for sale at this price which is surprising at first, but on deeper analysis it is revealed that over 90% are leasehold and some are for a very small number of years and others were shared ownership.”

Bennett said the value gap between London and the rest of the country is highlighted most clearly in Birmingham, where 60% of the properties currently for sale in the UK’s second city at around the £230,000 market have three bedrooms, parking and a garden.  

Andy McHugo, from James Laurence estate agents in Birmingham, said: “Birmingham is going through an exciting change. Investment in the ‘second city’ shows no sign of slowing down, especially after Birmingham was awarded the 2022 Commonwealth Games and the second devolution deal, all helping to secure a new stream of funding for transport and infrastructure and boosting local productivity and growth.”

We’ve covered Birmingham’s investment boom extensively on Property Investor Today, from sold-out schemes in Digbeth to a flagship city centre apartment development by SevenCapital which has already seen more than 95% of its apartments purchased a year ahead of its projected completion.

Additionally, we recently explored whether the mere prospect of HS2 alone has boosted Birmingham’s prospects, with some claiming that the in-doubt transport infrastructure project could be the best thing that never happened to the city.

icon

Please login to comment

Zero Deposit Zero Deposit Zero Deposit
sign up