2,000 sq ft to just 145, here’s what the average house price actually buys you across the nation

The latest research from Yes Homebuyers has looked at what the average house price will actually buy you across the nation.

Yes Homebuyers looked at the current cost of property in each area of England, the current average size, and what this equates to as a value per square foot. Yes Homebuyers then looked at what size of property you could afford in each area with a budget of £266,742 (the current average across England)

The research shows that: –

– In London, the average home currently stands at just 705 sq ft. With the current London home going for £513,997, that’s an average cost of £729 per square foot. That means the current English average house price would result in homebuyers securing a property of just 366 square feet, by far the smallest of all regions.

– In contrast, homes in the North East average 748 square feet and with an average house price of £140,248, property sells for just £187 per square foot. As a result, the current average house price in England means you could purchase a sizable home at 1,423 sq ft in the region.

– When looking at the market at local authority level, buying in Hyndburn would see you secure the biggest property at the current average house price for England.

Homes in the area average 776 sq ft, equating to £129 per square foot based on the current average house price of £100,372 in the area.

As a result, you could afford a property totalling 2,062 sq ft with the budget of £266,742 for the average home in England.

– At the other end of the scale, homes in Kensington and Chelsea may average 822.6 sq ft, but with an average house price in excess of £1.5m, the borough is home to a property price per sq ft of £1,832.

As a result, the current average house price in England would secure you just 145.6 sq ft of property in Kensington and Chelsea.

– Outside of London, Elmbridge is home to the smallest size purchase for the current average house price at 329.4 sq ft.