Mapped: What the average asking price buys across Britain
Britain’s average property price of £378,000 could buy you a five-bedroom house or studio flat, depending on where you live.
This is according to analysis from property platform Rightmove, which shows just how big the north-south property price gap is.
In Scotland and the north, an average priced house can extend to a four or even five-bedroom property in some areas.
By contrast, in London and parts of the South East, the same budget will buy you a much smaller home, such as one-bedroom flats and studios.
The average price of a five-bedroom detached house in North Lanarkshire is £376,052, slightly below the national average.
In Charnwood, buyers can find a five-bedroom semi-detached house for an average of £377,605, while in Nottingham a five-bedroom semi-detached house can be found for an average of £370,786.
Larger family homes are also available in parts of the North and Midlands below the national average.
The average price of a five-bedroom semi-detached house in County Durham is £367,424, while the average price of a five-bedroom terraced house in Liverpool is £356,357.
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Buyers can find a five-bedroom terraced house in Kirklees for £359,308, while a five-bedroom terraced house in the East Riding of Yorkshire can be purchased for an average of £337,642.
But those looking to buy in London will struggle to find much more than a studio flat for an average price.
The average price of a studio flat in Tower Hamlets is £357,556, while the average price of a studio flat in Hackney is £341,021.
The average selling price of a one-bedroom flat in Richmond upon Thames is £362,322, while the average price of a one-bedroom flat in Haringey is £345,677.
HM Revenue and Customs (HMRC) figures have revealed that house sales in May were around 17 per cent higher than in the same month in 2025.
There were an estimated 98,450 home sales across the UK in May; this number was 17 percent higher than in May 2025 and 2 percent lower than in April 2026.
HMRC said the annual increase reflected lower transaction levels in April and May 2025, when activity fell following changes to stamp duty thresholds.
House sales were backlogged before last year’s changes as buyers rushed to beat the deadline before stamp duty cuts became less generous. Stamp duty applies in England and Northern Ireland.
Richard Donnell, chief executive of Zoopla, said: “Housing transactions tell us about sales agreed five to six months ago – this latest data shows that sales completions started to slow in May compared to April, reflecting the impact of last year’s autumn budget on sales.
“Looking ahead, while there has been a healthy pipeline of sales over recent months, higher mortgage rates in April have forced new sales to be agreed.”
He added: “Sellers need to price carefully to attract demand if they want to sell their homes this year.”
