What does the £264,400 common home value purchase you throughout the UK?

Although the dual horrors of hovering inflation and risky rates of interest appear to be slowly in retreat, shopping for a property in 2024 might nonetheless show to be difficult for the pocket.

So not unreasonably, pound for pound, we need to know whether or not we’re getting something like worth for cash earlier than we resolve to make a transfer.

According to Daniel Copley, shopper skilled at Zoopla, it varies broadly when the nation’s 30 million houses are unfold throughout hundreds of housing markets.

Daniel says: ‘Property costs will even be impacted by proximity to native colleges, prepare stations and transport hyperlinks.’

So with this in thoughts, how far are you able to make your cash go? To discover out, we took a whistle-stop tour of markets across the nation to see what you may get for the typical UK home value of £264,400.

Nefyn, North Wales

The common value for a property in North Wales is £232,692, based on Rightmove. 

Nefyn is a tranquil village on a sublime crescent-shaped sandy seaside.

‘The Llyn peninsula is an space of excellent magnificence,’ says Carol Peett, the proprietor of West Wales Property Finders.

For sale: £255,000 buys you a two-bedroom bungalow which is only a brief stroll to the seaside.

Poole

With its busy quayside, clear seashores and historic city centre, home costs common at £434,403. 

‘Poole is just two hours from London and has award-winning Blue Flag seashores from Sandbanks to Bournemouth,’ says Neil Roff, of Winkworth.

For sale: A £255,000 two-bedroom flat is a couple of minutes’ stroll from the harbour.

Kings Heath, Birmingham

Research by comparability website GetAgent.co.uk reveals the West Midlands has been the best-performing housing market since rates of interest began to rise. 

Kings Heath, within the south of the town, has impartial retailers, bars and a farmers’ market.

For sale: £260,000 is the value of this three-bedroom semi.

Forres, Inverness

With its fortress, parks and gardens, Forres on the Moray coast is one in every of Scotland’s oldest cities. It is 27 miles north-east of Inverness, and has gained Scotland in Bloom. 

Forres had a median value of £212,763 for property prior to now 12 months.

For sale: £255,000 will get you a three-bedroom link-detached household residence.

Northumberland

This lovely county presents all of the tranquil advantages of a rural location but it is not far to Newcastle.

Affordable housing and a rural setting means there is a low crime charge and a powerful sense of neighborhood. Average home costs are about £206,233.

For sale: A £260,000 four-bedroom home is about inside the port of Amble.

South-West London

There could also be some inexperienced areas and loads of retailers, however common home costs are a whopping £1 million.

Yolanda Jacob, gross sales and advertising and marketing director at Barratt, says: ‘Millennials are drawn to this pocket of London, because of its wealthy tradition and vibrant artwork scene with out compromising on connectivity.’

For sale: £255,000. This one-bedroom interval flat in Lavender Hill requires ‘refurbishment and upgrading’.

The Wirral

Wedged between the River Dee to the west and the River Mersey to the east, the Wirral peninsula overlooks each the Welsh hills and the Liverpool skyline.

You’ll discover genteel seaside places, together with the market city of Neston. Average home costs are about £212,000. 

Nature lovers can take pleasure in chook watching throughout the salt marshes. A half-hour prepare presents entry to Liverpool.

For sale: At £269,950, a four-bedroom semi-detached home has beautiful views over to Wales.

West Sussex

As effectively as holding a 29-year report with the Met Office for being the sunniest county within the nation, West Sussex additionally presents loads of countryside, shoreline and nationwide parks. 

Demand is outweighing provide throughout the county.

For sale: £260,000. This two-bedroom, two-bathroom flat within the seaside city of Bognor Regis is about on the bottom flooring.