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Average house price: What £281k buys you across the UK

The average UK house price is now £281,000, which is 12.4% — or £31,000 — higher than this time last year, according to the latest data from the Office for National Statistics. There are huge regional differences: a typical home in the north-east, the cheapest area, is £155,000 whereas in London, the most expensive, it will set you back a staggering £530,000. Find out what a budget of around £281,000 will buy you across the UK by scouring this selection of properties for sale

1. Lanesborough Court, Gosforth, Newcastle upon Tyne, £275,000

house in newcastle
In Gosforth, Newcastle the average UK spend gets you a spacious two bedroom house.

A stone-built, two-bedroom end of terrace house in a Grade II listed former hospital which was built in 1869 and converted into housing at the end of the 1990s. It opens into a large reception hall and has high ceilings, a kitchen/breakfast room, living/dining room, a cloakroom and two first floor bathrooms, and comes with two allocated parking spaces and extensive communal gardens. Through Sanderson Young.

2. Locke Gardens, Llanwern, Newport, Wales, £278,000

New build House in Newport, Wales
In Newport, Wales, it gets you a three bedroom house new build house with front and back gardens.

Currently being sold off-plan, this three-bedroom Lambourne housetype is in a scheme of 500 homes, part of the transformation of the Llanwern Steelworks into a new residential and business community. When finished it will feature a living room with French doors leading into the garden, a kitchen/diner with integrated appliances, a cloakroom, three bedrooms – one with an ensuite shower room – and a family bathroom and turfed front and back gardens. Find out more from Lovell.

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Read more: Wimbledon forever 8 ace homes with tennis courts

3. Whitstable, Kent, £279,000

One bed flat for sale in Whitstable
In the trendy Southcoast seaside town of Whitstable the average UK house price gets you a one bed flat near the beach.

This fashionable seaside town is known for its cute fisherman’s cottages, but if you’d prefer a lower maintenance full-time home or holiday bolthole, take a look at this one-bedroom flat. One of just six in a building constructed in 2013, it’s a short stroll from the beach, boutiques and oyster bars and comprises an open plan kitchen/living/dining room with oak flooring, a double bedroom with wall to wall fitted wardrobes, a bathroom and an off-road parking space – a rare beast in such a central location. Available through Miles & Barr.

4. Leicester, £280,000

Leicester
In Leicester the average spend gets you this compact four bedroom terrace near the city centre.

Every inch of space has been put to good use in this red brick terraced house, which is in easy reach of the city centre and far bigger than it initially appears. A living room, dining room, kitchen and family bathroom are on the ground floor, and three bedrooms and a WC on the first, and the loft has been converted into a roomy master fourth bedroom with an ensuite shower room. Contact Connells.

5. St John’s Wood, London NW8, £280,000

A block of flats in St Johns Wood.
In London the average UK house price gets you a shoebox-sized studio apartment.

At 244 square feet, this ground floor studio can best be described as bijou, but that’s hardly surprising given that it’s in Westminster, the UK’s least affordable borough where Halifax has calculated that a home costs 14.5 times average earnings. However it’s bright and well-designed, and in a very well-maintained block with a 24-hour porter. And the location is fantastic, being in walking distance of St John’s Wood High Street, where you might spot Sir Paul McCartney, a local resident, if you’re lucky. Find out more from Dexters.

6. Milborne Port, Sherborne, Somerset, £280,000

6 sherborne
This lovely cottage has the charm of a period older home with all the comforts of modern living.

Although it looks like a period cottage, this stone house is just 10 years old and combines rural charm with low running costs. In the heart of a lovely village with shops, pubs and a primary school, it boasts high ceilings and big windows, an open plan, dual aspect sitting/dining room, a separate kitchen, three double bedrooms, an enclosed garden and garage. Available through Greenslade Taylor Hunt.

7. Hull, £280,000

Four bedroom home for sale in Hull
The average UK house price gets you a real whopper in Hull.

You get a lot of bang for your buck in Hull, as demonstrated by this spacious detached house, on a modern development convenient for schools and the university. Accommodation consists of a through living/dining room, a kitchen, utility and cloakroom, four bedrooms and two bathrooms, and there’s an integral garage and sunny garden. For more details, get in touch with William H Brown.

8. Harrogate, North Yorkshire, £285,000

four bedroom house for sale in Harrogate
This four bedroom semi-detached house in Harrogate is dated, but has tonnes of potential.

Look past the dated décor of this extended 1930s semi and you’ll see that it offers plenty of potential to put your own stamp on it, while adding value at the same time. It currently comprises an entrance hall, a bay-windowed sitting room, a dining room, a kitchen, utility/store room and sun room, four bedrooms and a bathroom, plus a lawned garden and off-street parking for two cars. Contact Dacre, Son & Hartley.

Read more: 8 fixer-uppers crying out for attention

9. Dickleburgh, Norfolk, offers over £285,000

Three bedroom house in Norfolk for sale
The average UK spend in Norfolk gets you this cute three-bed listed cottage with an out building.

Opting for a listed cottage doesn’t mean resigning yourself to a strange layout, as this three-bedroomed beauty offers great living space along with a whole host of period features, such as exposed beams and flagstone flooring. You step over the threshold into a sitting room with a woodburning stove, then through into a light and airy kitchen/diner, and there’s a first floor bathroom and a pretty courtyard garden. Get in touch with Fine & Country if you are interested.

10. Hazeldean, Eastgate, Denholm, Scottish Borders, offers over £285,000

House for sale in Scotland
So, the UK average house price gets you a shoebox-sized studio flat in central London or this gorgeous house in Scotland, hmm... (Justin Mihulka)

If you’re hunting for a decent-sized, character-packed home that’s easy on the eye and move-in ready, stop right now as this three-bedroom semi-detached house fits the bill perfectly. Built in 1850, it has three bedrooms, two bathrooms, a living room with a woodburning stove, a dining room and conservatory, and is decorated in neutral shades throughout. From Cullen Kilshaw via ESPC.

Watch: How much money do I need to buy a house