How Much is the Average House in England?

With average house prices increasing at a steady rate, the average price of a house was just over £195,000 this week (June 2015). But what exactly can you get for £195,000 and what is an average house? We checked out various areas to see what the price of an average house could buy…

houseEast Anglia – prices varied quite a bit depending on if you were looking in towns or coastal areas and also how far away from London you looked. £195,000 in East Anglia could buy you a 2 bedroom flat in Norwich City centre, a 4 bedroom townhouse in Peterborough, a 3 bedroom refurbished bungalow in Whittlesey or a 3 bedroom semi in Stowmarket. So £195,000 could actually give you a reasonable choice of properties in this area.

North East – £195,000 could buy you a 3 bedroom detached house in Nether Edge Sheffield, a 3 bedroom semi in Howden, East Yorkshire or a 2 bedroom apartment in Leeds City Centre. So prices are a little bit similar to East Anglia but you will also find quite a few spots where you can find much cheaper property.

North West – for £195,000 you could buy a 4 bedroom detached house in Fleetwood, near Blackpool, a 3 bedroom semi in Nantwich, Cheshire or a 2 bedroom apartment in Manchester City Centre.

Midlands – in the Midlands you could buy a 2 bedroom semi in Stratford-upon-Avon, a 4 bedroom townhouse in Kettering, a 3 bedroom detached in Oldbury, West Midlands or a 2 bedroom flat in Nottingham.

London – Interestingly when I started this research I thought that I would have nothing to put in the London section! However, you can buy property in London for £195,000 and the selection includes – a garage in Knightsbridge (OK not exactly a habitable property!), and a selection of 1,2 bedroom and studio flats around the outskirts of London including Greenwich, Catford, Wanstead, Wembley and Walthamstow. The majority of property avaiable at this price was in the east and south east of London so if you are looking to buy in London on a small budget those might be better areas to focus on. The map bel;ow shows the distribution of properties between £190-200k in the London area available in June 2015.

London Property £190-200k June 2015
London Property £190-200k June 2015

South West – the South West also covers quite a wide area so a big variety of prices but £195k can still get you some good property. You could buy a 2 bedroom terraced house in Plymouth, a 3 bedroom town house in Taunton, a 1 bedroom apartment in Newquay,  or a 3 bedroom semi detached in Paignton.

South East – In the South East, once again as you would expect in a London commuter belt, there is a bit less choice for your £195k. You could buy a 1 bedroom flat in Redhill, a 3 bedroom end of terrace in Deal, Kent, a 2 bedroom park home in Hailsham, East Sussex or a 2 bedroom flat in Eastbourne.

So, looking at the research, £195k would in fact buy you a pretty average home (if we call a 3 bed semi an average home) over the majority of England. It is only really once you get to London and the South East that you won’t get anywhere near as much for your money for £195k and you will be looking for flats in London and flats or terraced houses in the South East (if you are lucky!).

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