02 Jun 2014
House prices in England and Wales continue to rise, according to figures released by the Land Registry on Friday.
With no end in sight to the rise, there is an increasing concern that the housing market is overheating. This is particularly true in London, where house prices have gone up by over 17% in the last year, pricing many people out of the market altogether.
At the other end of the spectrum, the North East experienced the only monthly price fall of 1.9%, with the average price of a home in that area now at £99,001, the most inexpensive in the country
With these statistics in mind, we’ve worked out exactly what the national average property price will get you in different parts of the country.
In London, where the average price of a home is an eye-watering £435,034, the national average of £172,069 would get you this one bedroom ground floor flat in E7, close to Wanstead Park Station.
In the South East, where the average property price is the second highest at £225,650, you could buy this 2 bedroom ground floor garden flat in Portslade, complete with a shared patio garden.
Heading over to Wales, where the average price is over £100,000 less than the South East, house hunters can expect to get a lot more square footage for their buck. In Llangyflelach, Swansea, for example, you can expect to find this 4 bedroom detached home with garage and gardens.
And for even more of a steal, look to the North East where £175,000 can buy you a seven bedroom guest house in the heart of Scarborough.
