The cost of buying a house in the UK can vary dramatically depending on whereabouts you are looking at. As a general rule, properties in the London area are more expensive than up north – but how do each of these compare to house prices in Scotland, Wales, Ireland, and other parts of England too?
When you are keen to purchase a property and are considering all your options, the average house price of a certain town may have a huge impact on where you decide to live. Costs will also vary depending on the type of property you are interested in.
So, if you’re looking for a clear guide to house prices in different UK towns from a reliable cash house buyer, then you’re in the right place. Read our blog below for all the answers you need.
London is the largest city in the UK, so there is not a ‘one-price-fits-all’ guide to the cost of houses in the city. Figures suggest that the average property price in London last year was £737,512.
Some neighbourhoods are much more affordable for people on a low budget, such as Bexley, Croydon, Havering, Dagenham and Sutton. For example, according to Rightmove, the average house price in Dagenham last year was £371,039.
On the other end of the spectrum, there are areas in London which are out of the price range of almost every first time buyer. These include Westminster, Knightsbridge, Kensington and Chelsea, Holland Park and West Brompton. For example, in Westminster last year, the average property sale price was £1,738,891 according to Rightmove.
Properties are generally much less expensive in the north of the UK compared with the south. In one of Scotland’s major cities, Edinburgh, the average house price last year was £340,576.
According to ESPC’s latest data, in Edinburgh city centre, the average property selling price was £312,086 last year. Meanwhile, in the New Town and West End Areas, two-bedroom flats sold for an average £468,181 last year. There is therefore a noticeable price difference between these different Edinburgh neighbourhoods.
The average property price in Cardiff is even cheaper than Edinburgh. Last year, the average fee was £302,283 to purchase a house in the capital city of Wales. The country is generally considered an affordable place to live for people in the UK.
In Cardiff city centre, it is possible to find plenty of flats selling for less than £200,000. Meanwhile, in the wealthier neighbourhoods in the suburbs, such as Rhiwbina, you can often find detached houses selling for significantly more than £400,000.
Northern Ireland is known to be a beautiful country, and its capital city is a hotspot for people keen to buy their first property. According to Twindig.com, the average house price in Belfast is £175,234. This is significantly cheaper than the three other UK cities listed above, and this means that for first-time buyers keen to find an affordable city to live in, Belfast is an excellent option.
Prices in Belfast will vary slightly depending on the neighbourhood and the type of property. For example, Mid and East Antrim has an average property price which is lower than you would find in the city centre.
Manchester is a common city for first-time buyers and students to move into, which proves that there are affordable areas in the town. According to Rightmove, the average price in Manchester last year was £304,104. You will find flats being sold for significantly cheaper, at an average of £208,116.
In suburbs of the city, such as Chorlton and Didsbury, the price of detached houses will be higher than the city average listed above. However, in more affordable neighbourhoods such as Harpurhey and Ardwick, you will be able to find properties which are a reasonable amount lower than average.
Glasgow is a great city in Scotland which many people move to when purchasing their first house. Latest figures suggest that the city’s average property price is £208,093, which is significantly cheaper than other cities further south in the UK.
The average property price varies significantly throughout the city, depending on the neighbourhood. For example, Bearsden had an average price last year of £306,692, which remains much higher than the city average, despite house prices dropping compared to the same area in the year before. Likewise, affluent areas such as Milngavie and East Dunbartonshire will also have higher prices than the average.
On the other side of the price range, Glasgow’s East End (albeit a rapidly growing area) is still relatively affordable for people on a lower budget. Possilpark also had an average selling price last year of £123,450, which makes it a viable option for first time buyers.