ConservatoryLand have analysed what the UK’s average house price of £270,000 gets you across UK cities
- 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
This week ONS released the latest house price index, noting a rise in average house prices 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.
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.
Based on 350 registered sales in 2022, the median house price in Newton Abbot is £280,000 and the average price is £325,846. Out of 1157 areas, the house prices in Newton Abbot is ranked 560 in the UK and is ranked 618 for improvement this year.
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.
This week ONS released the latest house price index, noting a rise in average house prices 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.
With the surge in the house prices of every in the United Kingdom, Liverpool is firmly on the map for house hunters. Demand for houses in the area has made Liverpool one of the busiest in the housing market for over 10 years. An average house price increase of over 10% has made Liverpool become one of the most desirable housing markets in the UK. Research has shown average house prices in Liverpool are in the region of £194,000. In the last twelve months, a new build property costs £280,000. Whether you’re looking for your forever home in St Helens or you are on the lookout for your next development property, then there are lots of new houses for sale in St. Helens which you can get at affordable price.
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 |
The full study can be found here: https://www.conservatoryland.com/blog/what-the-uks-average-house-price-buys-you/