Whether you’re moving because of your job or want to settle down with the family, one of the first things you need to consider is the price of
Whether you’re moving because of your job or want to settle down with the family, one of the first things you need to consider is the price of houses in the new location. While property values have surged over the last 40 years, there is still a big difference across areas of the UK and some stark variations between certain regions.
The good news is that the team at moneysupermarket.com have come up with a helpful infographic that highlights the cheapest and most expensive cities to buy a home in the UK. The results followed an analysis of 30 major cities across England, Wales, Northern Ireland and Scotland comparing the average values of a three bedroom, family home. Head too far south or too far north and you could be paying a lot more for your house.
The Most Expensive Homes
It will come as no surprise that the most expensive location for buying a home is London where the average property price is close to £2 million. While this is beyond many people’s reach, house prices in many British cities can make for eyewatering reading.
Just a few miles down by the coast, and coming second on the most expensive list, the cost of a three bedroom home in Brighton is £732,475.
In Bristol and Edinburgh, you can expect to be paying out more than half a million for a property and the cheapest on the most expensive list are Liverpool and Manchester where you could be paying anything up to quarter of a million for your home.
The Least Expensive Homes
But where are the cheapest locations to set up home? Number 4 on the low cost list is Swansea where you can expect to pay £175,000. Mid and north of England features reasonably heavily on the list with entries for Leeds, Hull and Derby.
Belfast is second on the list with average house prices at £139,000. Way ahead at the top of the cheapest options, however, is Bradford where you can expect to pick up a bargain three bedroom home for under £100,000. That means if you owned your home in London outright, you could sell up and buy 20 if you moved to Bradford.
You can find the full list of the top 10 cheapest and most expensive homes in the UK on the moneysupermarket.com site here.