Money

What the average UK house price can buy you across the country


IT’S no secret that house prices vary greatly across the UK – but how much bricks and mortar does the average asking price of £235,000 get you?

We take a look at different properties across the country to see where you can get the best value for money.

The Sun has explored what type of property you can get for £235,000 across the UK

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The Sun has explored what type of property you can get for £235,000 across the UK

Latest data from the Office for National Statistics (ONS) shows the average asking price for a home in the UK was £235,000 in April 2020. 

This is up by £6,000 compared to the figure of £229,000 recorded the previous year in April 2019.

If you’re putting down a 10% deposit, that means you’ll need to stump up £23,500.

For a 5% deposit, you’ll need £11,750 – although a large number of providers have pulled these types of deals.

What help is out there for first-time buyers?

GETTING on the property ladder can feel like a daunting task but there are schemes out there to help first-time buyers have their own home.

Help to Buy Isa – It’s a tax-free savings account where for every £200 you save, the Government will add an extra £50. But there’s a maximum limit of £3,000 which is paid to your solicitor when you move. These accounts have now closed to new applicants but those who already hold one have until November 2029 to use it.

Help to Buy equity loan – The Government will lend you up to 20% of the home’s value – or 40% in London – after you’ve put down a 5% deposit. The loan is on top of a normal mortgage but it can only be used to buy a new build property.

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Lifetime Isa – This is another Government scheme that gives anyone aged 18 to 39 the chance to save tax-free and get a bonus of up to £32,000 towards their first home. You can save up to £4,000 a year and the Government will add 25% on top.

Shared ownership – Co-owning with a housing association means you can buy a part of the property and pay rent on the remaining amount. You can buy anything from 25% to 75% of the property but you’re restricted to specific ones.

“First dibs” in London – London Mayor Sadiq Khan is working on a scheme that will restrict sales of all new-build homes in the capital up to £350,000 to UK buyers for three months before any overseas marketing can take place.

Starter Home Initiative – A Government scheme that will see 200,000 new-build homes in England sold to first-time buyers with a 20% discount by 2020. To receive updates on the progress of these homes you can register your interest on the Starter Homes website.

The latest data from the ONS was taken before Chancellor Rishi Sunak raised the stamp duty threshold in July 2020.

The move was designed to help stimulate the housing market following the coronavirus crisis, with property sales having already soared by 20% in August 2020.

Mortgage approvals have also surged, showing a V-shaped recovery for the property market.

But what can you get for £235,000? We take a look at what’s available on Rightmove.

Brighton – two-bed flat

The outside of the Brighton property we found for £235,000

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The outside of the Brighton property we found for £235,000
The kitchen area has a modern feel to it with black granite worktops

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The kitchen area has a modern feel to it with black granite worktops
There's also a balcony with enough room for a small table and chairs

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There’s also a balcony with enough room for a small table and chairs

If you’re looking to relocate to the seaside on the south coast of England, £235,000 will buy you a two-bed flat in Brighton.

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The property is a 30-minute walk to the beach, or 12 minute drive, so you won’t have far to go if you’re planning a day out.

It comes with one bathroom and a balcony so you can sit outside when the weather is nice.

Cardiff – three-bed house

This three-bed home in Cardiff is on the market for £235,000

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This three-bed home in Cardiff is on the market for £235,000
The living area has a grey and white colour scheme for a modern touch

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The living area has a grey and white colour scheme for a modern touch
The kitchen space has plenty of room for a family to cook together

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The kitchen space has plenty of room for a family to cook together

In the capital of Wales, you can buy a three-bed, end of terrace property for £235,000.

The house comes with a large garden, an en suite bathroom in one of the bedrooms and a private driveway.

You also get a separate dining room and kitchen.

Cornwall – four-bed house

You get a lot for your money if you decide to buy in Cornwall

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You get a lot for your money if you decide to buy in Cornwall
Here is the conservatory extension, where you can also see the patio area

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Here is the conservatory extension, where you can also see the patio area
The living space has wide windows to let in as much light as possible

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The living space has wide windows to let in as much light as possible

Property buyers who want to move to Cornwall can snap up a four-bed semi-detached home for £235,000.

The bedrooms are spread out over three floors, so there is plenty of space for a family.

The main garden also extends into a private patio area, plus there is a conservatory extension.

Durham – four-bed house

This four-bed home is on sale in Durham for £235,000

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This four-bed home is on sale in Durham for £235,000
The living room features a grand fireplace and enough space for a large TV

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The living room features a grand fireplace and enough space for a large TV
One of the larger bedrooms

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One of the larger bedrooms

This four-bed detached house is described as a “lovely family home” by Rightmove.

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One of the bedrooms has an en-suite, plus there is a separate kitchen and dining room.

Outside, there are both front and back gardens plus a private driveway.

Glasgow – two-bed flat

If you're looking to buy in Glasgow, this two-bed flat is for sale

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If you’re looking to buy in Glasgow, this two-bed flat is for sale
The inside is incredibly modern with a grey colour scheme

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The inside is incredibly modern with a grey colour scheme
The master bedroom is kitten out in grey furnishings

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The master bedroom is kitten out in grey furnishings

This stylish two-bed flat has an open-plan living and kitchen area which comes complete with modern appliances.

You’ll also have access to your own private terrace for entertaining friends and family.

The master bedroom has an en-suite bathroom and fitted wardrobes.

London – one-bed flat

This London flat is located on the second floor

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This London flat is located on the second floor
The living area has ample room for furniture

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The living area has ample room for furniture
The bedroom has storage space and room for a double bed

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The bedroom has storage space and room for a double bed

London is the priciest place to live in the UK, so you’ll only get a one-bed flat for your money if you move to the capital.

The example is located in Catford, south east London.

It has a large double bedroom and living room, so it could be ideal for a single person or couple.

Manchester – three-bed house

This three-bed Manchester property is fully detached

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This three-bed Manchester property is fully detached
It also comes with a separate kitchen and dining area

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It also comes with a separate kitchen and dining area
For the price, you'll also get a large garden area

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For the price, you’ll also get a large garden area

This gorgeous three-bed detached house is on the market for £235,000 in Manchester.

It comes with a private driveway, off-road parking and a large garden at the back.

One of the bedrooms also has an en-suite.

Sunderland – four-bed house

£235,000 will buy you a four-bed home in Sunderland

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£235,000 will buy you a four-bed home in Sunderland
The kitchen area features large patio doors so you can let lots of light in

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The kitchen area features large patio doors so you can let lots of light in
You can see straight into the garden from the entrance of the house

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You can see straight into the garden from the entrance of the house

For £235,000, you can buy this stunning four-bed detached home in Sunderland.

The kitchen boasts bi-folding doors that lead to the rear courtyard, so you can let lots of light into the property.

There are also gardens to the front of the property, with the rear backing onto Marsden Park.

The Sun has also taken a look inside the Selling Sunset style homes around the UK with cinema rooms and stunning roof terraces.

Check out how this property buyer transformed her run-down 1890s Victorian maisonette into a modern home with a DIY renovation.

We explain if house prices will drop during the recession.

1-bed looks measly rent for £795 a month but you won’t believe it’s view





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