Mapped: Where home buyers are getting the least floor space for their money
New research has revealed that home buyers in Westminster take up just a quarter of an A4 sheet of paper per £200 in floor space; This is in contrast to some regions where the same amount can buy more than two full pages.
Property website Zoopla carried out the research to highlight the significant differences in the amount of space buyers can expect for their money across different locations across the UK. The research found that a single A4 space in Westminster carries an average price tag of £837. This figure remains high in other major London boroughs; Kensington and Chelsea charge £686 and Camden £665 for equivalent space.
Moving away from the capital, the analysis showed that £200 could buy a full A4 floor space in major cities including Manchester, Leeds, Sheffield, Liverpool, Birmingham, Coventry, Wolverhampton, Newcastle and Cardiff. For those looking for even more value, places like Hull, Blackpool, Middlesbrough, Blaenau Gwent and Sunderland offer at least two full A4 pages of floor space for the same £200 investment.
Looking at Scotland, the average A4 sized floor space in Edinburgh costs £204.
And in Yorkshire, an A4 sized floor space in York will typically set buyers back around £209.
Zoopla has a tool that allows buyers to specify minimum square footage as well as price ranges.
Richard Donnell, Zoopla’s chief executive, said: “Our analysis shows that the difference between what gets you £200 in Westminster and what’s bought in the North West isn’t just a number – it’s the difference between a strip of paper and two full pages of paper.
“This is the true extent of Britain’s housing divide and it is something every buyer and homeowner needs to understand when planning their next move.”
In more difficult news for first-time buyers, Rightmove found earlier this week that they have collectively paid an estimated £307 million in extra stamp duty in England since the temporary relief measure ends in April 2025.
The resort’s website found this paid out an average of £4,618 more per recipient. The estimated total stamp duty bill for first-time buyers last year was £408 million, compared to £101 million the previous year.
