What does an average house look like?
According to the UK House Price Index for August 2023, the average house price in the UK currently stands at £291,044. This breaks down into an average of £310,000 in England, £217,000 in Wales, £194,000 in Scotland and £174,000 in Northern Ireland.
And the figures break down further still to show that the average detached house in England sold for £487,570 in August 2023, compared to a sold price of £251,528 for the average flat, £252,382 for the average terraced house and £298,943 for the average semi-detached house. The figures for new build homes show that the average new build property is currently worth £443,821, compared to the average existing resold property which comes in at £299,068.
It’s a very different picture in London, where the average price of a property is much higher than anywhere else in the country, at £536,000. The range spans £1,093,834 for the average detached house and £442,916 for the average flat, with semi-detached homes and terraces coming in at £699,732 and £587,093 respectively.
So what does this look like in reality? Here are some examples.