The average price paid by first-time buyers reached a record £205,170 in 2016. We take a look at what that price tag can buy around the UK.
First time-buyers are now coughing up an average of £205,000 to make the bottom rung of the housing ladder. But how much house does it buy?
To find out, we’ve pulled together 7 properties from all corners of the UK currently on sale for that EXACT price tag.
The 8th home, in London, is priced at the first-time buyer average for the capital, which is a much headier £402,692, according to Halifax.
1. Where: Trispen, Truro, Cornwall
What: Two-bedroom cottage
How about this for a first home? The quaint cottage is in Truro – Cornwall’s only city – and offers traditional country features such as exposed-beam ceilings and slate windowsills. And it’s being sold with no onward chain – simple.
Available via Simon Milnes Estate Agents
2. Where: Dunfermline, Fife, Scotland
Who said you had to start off small? This £205,000 home in Dunfermline has four bedrooms and is in immaculate condition, which should ease first-time buyer nerves. A commute to either Edinburgh, Perth or Stirling will take just 45-minutes by car.
Available via Morgans
3. Where: Northfleet, Kent
What: Two-bedroom flat
A two-bedroom flat is pretty standard first-time buyer territory. But, with Ebbsfleet International train station less than half a mile away, you could commute to Paris, Brussels or Lille from this one. Alternatively, get into London’s St Pancras in just 20 minutes.
Available via Robinson Michael & Jackson
4. Where: Newport, Wales
Stained-glass windows, original wooden flooring, decorative fireplaces and far-reaching views over Newport are all up for grabs with this beautiful 1930s semi-detached home, which comes with a first-time buyer-friendly price tag of £205,000.
Available via Pinkmove
5. Where: Kildwick, West Yorkshire
Barn conversions and first-time buyers don’t immediately go hand-in-hand. But the one in this quiet Yorkshire village is priced at the ideal first-time buyer budget. It’s also a 10-minute drive from the Yorkshire Dales and right across the road from the local pub.
Available via Carling Jones
6. Where: Consett, County Durham
In County Durham your £205,000 will take you straight to a brand new executive home with four bedrooms, dining room, utility room, integrated garage and an ensuite in the master bedroom. What’s not to love?
Available via Barratt
7. Where: Belfast, Northern Ireland
Skip the first few rungs of the property ladder with this stunning three-bedroom family home, which has had a top-to-bottom make-over. We particularly love the modern bathroom with its free-standing bath tub.
Available via Simon Brien
8. Where: West Kensington, London, W14
What: One-bedroom flat
Price: £400,000 (average first-time buyer budget for London is £402,692)
You’ll only get one bedroom for the (much bigger) average first-time buyer budget in the capital. But this one – complete the balcony and shared outside space – is spick-and-span. It also has excellent Tube links, with West Kensington, Barons Court and West Brompton stations all within half a mile.
Available via Housesimple