What can you buy for the average asking price in every region?
This month, we’ve seen the national average asking price of a home jump up to a record high of £344,445, with more people looking to move than there are homes for sale.
So if you’re one of the many potential home-movers searching for your next property right now, what does this mean for where you’re looking to live?
Average asking prices vary hugely across Britain. In fact, the gap between the most expensive region in Britain, which is London – and the cheapest region – currently the North East, is now more than £480,000.
So we’ve taken a closer look at every region to find homes you can buy for the average asking price in each location – as well as how long it’s taking homes to sell. Take a look.
South East
Average asking price: £458,456
Average time to sell: 39 days
Southampton, Hampshire
Asking prices in the South East are well above the national average, at £458,000. In Southampton’s West End, you could buy this contemporary three-bedroom detached house with a garage, which was built less than three years ago.
South West
Average asking price: £359,906
Average time to sell: 31 days
Westbury, Wiltshire
Westbury is a small market town on the western edge of Wiltshire, beside the chalk downlands that form Salisbury Plain. Here, for less than the average asking price in the region, you can buy a four-bedroom home with a spacious kitchen/diner and a wraparound garden.
London
Average asking price: £650,683
Average time to sell: 57 days
Leytonstone, east London
London is by far the most expensive area in Britain, with an asking price more than £300,000 higher than the national average. This spacious Victorian terraced house with three bedrooms and two reception rooms is priced well below the capital’s average. It sits between Wanstead Flats and Hackney Marshes in popular Leytonstone.
Wales
Average asking price: £237,830
Average time to sell: 34 days
St Dogmaels, Pembrokeshire
This modernised three- to four-bedroom terraced house in the popular coastal village of St Dogmaels is close to the sandy beach at Poppit, and also the neighbouring town of Cardigan. It’s priced below the average asking price in Wales, and comes with am enclosed garden with a large decked seating and entertaining area.
East of England
Average asking price: £396,232
Average time to sell: 35 days
Sudbury, Suffolk
In the East of England, the average asking price is just below £400,000. This three- to four-bedroom townhouse is in the market town of Clare, on the north bank of the River Stour in Suffolk, is priced at £395,000, and is within a short walk from the village centre.
East Midlands
Average asking price: £267,095
Average time to sell: 34 days
Newark, Nottinghamshire
This beautiful period home, priced at £260,000, is located within the heart of Newark Market Town, close to the local shops, schools, restaurants, bus routes and both train stations. There are two reception rooms on the ground floor, four bedrooms on the first and second floors, plus there’s a sun trap patio garden to the rear.
West Midlands
Average asking price: £263,008
Average time to sell: 34 days
Staunton on Wye, Hereford
In the West Midlands, where average property prices are just above £260,000, we’ve found this three-bedroom character cottage with exposed timber beams and a wood-burning stove. The house sits on a pretty big plot of land, so the garden is huge and stretches out towards open fields.
North West
Average asking price: £232,639
Average time to sell: 36 days
Wigton, Cumbria
This four-bedroom semi-detached house is priced well below the North West region’s average asking price, at £220,000. It’s set over three floors, and has a spacious living room overlooking the garden and the countryside beyond.
Yorks & Humber
Average asking price: £221,291
Average time to sell: 35 days
Monk Fryston, North Yorkshire
In the North Yorkshire hamlet of Monk Fryston, we’ve found a terraced house in the heart of the village, packed with charm, from its high ceilings to the stone-built walls. The three-bedroom home is deceptively spacious, with and a cute rear garden and a separate garage.
North East
Average asking price: £167,935
Average time to sell: 39 days
North Shields
The North East has the cheapest average asking price of any region in Britain, at £167,935. You can easily find three-bedroom terrace houses priced for less, but we like that you get water views from this new two-bedroom flat in North Shields, which overlooks the Royal Quays Marina and the port, where ferries leave from daily for Amsterdam.
Scotland
Average asking price: £174,934
Average time to sell: 24 days
Hartwood, North Lanarkshire
In Scotland, the average asking price is just below £175,000, and this extended mid-terraced house is priced at just above that. What you’ll get is four bedrooms, a spacious living room, separate dining room, and a kitchen with French doors opening out to a multi-level garden.