What can you buy for the average house price in your region?

Our monthly House Price Index looks at what’s happening in the housing market and current trends, along with the average asking price in each region of Great Britain.

And wherever you’re looking to move to, it’s packed full with handy information to help you gauge what’s happening in the housing market.

Whether you’re planning a move within the same region, or you’re heading to a new location, chances are you’ve taken to scrolling property listings to see what’s for sale at the moment. Or maybe you’re just property-window-shopping? We’ve been known to do that too…

So we’ve taken a closer look at some of the great cities and national parks in every region, and the types of homes you can buy for the average house price in each location. Take a look.

Scotland
Average asking price: £186,738

Scotland is currently the area where homes are selling the fastest in Great Britain. At the moment, it’s taking just 20 days on average to find a buyer. Head north to find homes steeped in jaw-dropping scenic countryside close to Cairngorms National Park. It covers a large part of the eastern Highlands and west Aberdeenshire. Also look out for homes in Scotland’s scenic cities, from Edinburgh and Glasgow, to Dundee and Perth.

North West
Average asking price: £248,576

Find the breathtaking hills of the ever-popular Lake District in the North West region of England, where homes cost around £120,000 less than the current national average of £368,000. Walk the area’s 214 Wainwrights peaks, or head for Manchester and Liverpool with their thriving arts and culture scenes. Find semi-detached family homes in the city suburbs, and tranquil detached properties dotted throughout the countryside.

North East
Average asking price: £178,650

The North East is currently the most affordable place to buy a home in Great Britain, with the average asking price currently sitting below £180,000. Discover the Northumberland National Park, as well the historic cities of Durham, Newcastle-upon-Tyne. And you can also check out Hexham, which our Happy at Home Index revealed as the UK’s happiest place to live.

Yorkshire & The Humber
Average asking price: £241,284

Former City of Culture, Hull, as well as soon-to-take-the-baton Bradford, are both found in Great Britain’s largest county, Yorkshire, where a home currently costs an average of £241,284. Along with charming countryside properties in the North York Moors and Yorkshire Dales, you’ll also find modern homes in the metropolitan hubs of Leeds, York, and Sheffield.

South West
Average asking price: £393,801

With its mile upon mile of coastline and balmy climate, the affectionately named English Riviera has seen a surge in interest from home-movers since the start of 2020. Hotspot cities like Bath and Bristol are found in the South West, along with Great Britain’s most southerly city, Truro. Expect to find characterful cottages in the glorious Cotswolds, and impressive Victorian seaside homes in Devon.

Wales
Average asking price: £263,447

It’s easy to see why Wales appeals to home-buyers. from the lushness of the Brecon Beacons to the metropolitan hubs of Cardiff and Swansea. The average house price has risen most compared to every other region in the last year. It’s up 15% since the same period in 2021.

London
Average asking price: £681,992

In London, the average price of a home currently sits just below £682,000. You can find new-build and period flats in the buzzy centre, as well as terraced homes with gardens and multiple-bedroom maisonettes on the capital’s leafy fringes. There’s a new high-speed train route attracting plenty of attention from home-buyers, too. Take a look at how London property prices have been affected by the new Elizabeth Line.

West Midlands
Average asking price: £284,783

The current average asking price in the West Midlands is just under £285,000, which is well below the current national average. Birmingham, Wolverhampton and Coventry all sit within the West Midlands – and one of our top property hotspots for 2022, Solihull, is also found here.

East Midlands
Average asking price: £286,049

The enchanting Peak District is found in the East Midlands, where homes cost an average of £286,000. Discover homes in the history-filled city of Nottingham, metropolitan Leicester, Derby and Lincoln.

East of England
Average asking price: £426,792

Picturesque stretches of coastline and fields-as-far-as-the-eye-can-see draw home-buyers to the East of England, where the average price of a home is just below £427,000. This region benefits from good transport links into London from the likes of Ipswich, Colchester, Cambridge and Hertford, among others. Explore the charming coastal towns dotted throughout Essex and Norfolk, as well as the glorious countryside of Hertfordshire and Suffolk.

South East
Average asking price: £492,362

The South East is home to Kent, ‘England’s garden’, and plenty of seaside towns within Sussex and Dorset. Homes in this region cost £492,362, on average. This sun-soaked area is known for its local produce, and also offers many orchards, vineyards, and hop gardens. Expect to find trendy townhouse renovations and impressive detached homes with large gardens when searching for homes in the South East.

The header image for this article was provided courtesy of roseberry newhouse, Stokesley.

READ MORE: How long does it take to move home in 2022?