What the National Average Property Price Can Buy Across the UK, Uncovered

As the housing market continues to evolve, homebuyers are increasingly curious about the purchasing power of the national average property price. 

The mortgage experts at Mojo Mortgages have delved deep into the data to uncover the surprising disparities in what the average national property price (£261,142) can secure across the UK's top 45 most populous towns and cities.

The national average property price can buy a 3-bed detached property 

Mojo Mortgages' analysis reveals a stark contrast between the North and South when it comes to the type of property the national average price can secure. In Northern cities, homebuyers can typically expect to purchase a spacious 3-bedroom detached property, while in the South, the same budget is more likely to secure a modest 1-bedroom flat.

Middlesborough properties provide the most bedrooms for the national average house prices

Topping the list is Middlesbrough, where the national average price of £261,142 can typically secure a 3.85-bedroom detached home with 1.69 bathrooms. Sunderland and Kingston upon Hull follow closely, with the national average able to purchase 3.67-bedroom and 3.50-bedroom detached properties, respectively.

Of the 45 towns and cities analysed, these are the top 5 towns and cities where the national average property price can purchase the highest number of bedrooms.

Top 5 cities where you can buy more bedrooms for the national average property price

1. Middlesbrough
   • House Type: Detached
   • Average Price: £261,150
   • Average Bedrooms: 3.85
   • Average Bathrooms: 1.69
2. Sunderland
   • House Type: Detached
   • Average Price: £261,104
   • Average Bedrooms: 3.67
   • Average Bathrooms: 1.86
3. Kingston upon Hull
   • House Type: Detached
   • Average Price: £260,708
   • Average Bedrooms: 3.50
   • Average Bathrooms: 1.63
4. Swansea
   • House Type: Detached
   • Average Price: £259,409
   • Average Bedrooms: 3.45
   • Average Bathrooms: 1.57
5. Glasgow
   • House Type: Semi-Detached
   • Average Price: £260,314
   • Average Bedrooms: 3.16
   • Average Bathrooms: 2.36

In the South, you’re more likely to buy a smaller space for the same price

In contrast, the South paints a very different picture. In Brighton, the national average price can typically secure a 1.31-bedroom flat or apartment with just 1.02 bathrooms. Oxford and Cambridge follow suit, with the same budget securing 1.50-bedroom and 1.56-bedroom flats, respectively.

Of the 45 towns and cities analysed, these are the top 5 UK towns and cities where the national average property price is likely to buy the lowest number of bedrooms: 

1. Brighton
   • House Type: Flat / Apartment
   • Average Price: £261,310
   • Average Bathrooms: 1.02
   • Average Bedrooms: 1.31
2. Oxford
   • House Type: Flat / Apartment
   • Average Price: £262,500
   • Average Bathrooms: 1.25
   • Average Bedrooms: 1.50
3. Cambridge
   • House Type: Flat / Apartment
   • Average Price: £261,070
   • Average Bathrooms: 1.00
   • Average Bedrooms: 1.56
4. Slough
   • House Type: Flat / Apartment
   • Average Price: £261,756
   • Average Bathrooms: 1.16
   • Average Bedrooms: 1.72
5. Reading
   • House Type: Flat / Apartment
   • Average Price: £260,148
   • Average Bathrooms: 1.23
   • Average Bedrooms: 2.00

Whether you're a first-time buyer or are looking to remortgage, understanding the local market dynamics is crucial when navigating the UK's diverse property landscape. With the valuable insights provided by Mojo Mortgages, you can make a more confident and informed decision on your next property purchase.

Don't let the city-by-city disparities catch you off guard - if you're unsure of what to do, you can work with a trusted mortgage advisor who will ensure you make an informed decision that aligns with your budget and long-term goals.