Skip to main content Menu with new notification Skip to footer

Average square foot costs £211 - up 26 per cent in five years

6th October 2017

  • Properties in Blaenau Gwent (South Wales) offer homeowners most space for their money, costing just £79 per square foot
  • Kensington and Chelsea home to most expensive square foot at £1,382 – up 29 per cent since 2012
  • Outside of London, Surrey’s Elmbridge is the most expensive area with properties costing £495 per square foot
  • Highest growth rate outside London is in Slough, where the average price per square foot has increased by 64 per cent in five years
  • The average British property now costs £211 per square foot, marking an increase of 26 per cent (£44) over the past five years, according to new data from property website Zoopla.

    Zoopla analysed figures from Hometrack to reveal the average price per square foot of properties across Britain by region and by local authority, as well as the rate at which these values have grown over the past five years.

    Blaenau Gwent in South Wales is the local authority that offers buyers the most space for their money with an average price per square foot of just £79 - up 10 per cent since 2012. This is closely followed by Burnley, Lancashire, at £87 per square foot – down three per cent since 2012. Unsurprisingly, the most expensive square foot can be found in London’s royal borough of Kensington and Chelsea, where the going rate currently stands at £1,328 – up 29 per cent over the past five years. The City of Westminster is a close second at £1,093 per square foot – up 36 per cent since 2012. Outside the capital, Elmbridge in notoriously expensive Surrey has the highest price per square foot at £495 – also up 36 per cent.

    On a regional level, house hunters can achieve the most value in the North East where the average price per square foot is £124, and has risen by just three per cent over the past five years. Second cheapest is Wales where the average square foot currently costs £137 (a nine per cent rise since 2012). The average square foot is least affordable in the capital at £496, with an increase of more than half (54 per cent) over the past five years. This is followed by South East England (£309 per square foot – up 36 per cent) and the East of England, where the average square foot costs £269 (an increase of 38 per cent since 2012).

    The biggest increases in price per square foot over the past five years (outside of London) can be found in Slough, where the average square foot has risen by 64 per cent (£145) to £374 since 2012. The Berkshire-based local authority is closely followed by the popular commuter area of Stevenage with a rise of 59 per cent (up £105 to £282 per square foot). At the other end of the scale, prices per square foot have decreased in value over the past five years in Hartlepool, County Durham, at a rate of seven per cent (down £7 to £102 per square foot).

    A closer look at increases in price per square foot in London reveals that the sharpest rises can be found in East London. Newham, home to the Olympic Park, tops the table with a hike of 86 per cent since 2012, taking the average price per square foot to £422. Waltham Forest has also seen significant increases of 84 per cent (£227) over the past five years, taking properties to £498 per square foot, closely followed by Barking and Dagenham at 73 per cent (up £145 to £344 per square foot).

    Lawrence Hall, spokesperson for Zoopla comments: “Analysing property prices per square foot is an effective way of seeing where you can achieve the most space for your money and can help steer you to areas you may want to focus your property search on, depending on your budget.

    “The home counties have performed very well since 2012 in addition to some London boroughs, such as Newham and Waltham Forest, which have seen increases of over 80 per cent per square foot. This is no doubt in part due to the significant investment regenerating the area for the London Olympics. However, if you’re looking to maximise the amount of space possible on a budget, you should look to the Midlands and North to ensure best value for money.”

    Regional growth in price per square foot since 2012 (ranked highest to lowest)

    Rank Area 2017 Price Per Sq Ft (£) 2012 Price Per Sq Ft (£) Difference in price (£) Percentage change
    1 London £496 £321 £175 54%
    2 East of England £269 £195 £74 38%
    3 South East £309 £227 £82 36%
    4 South West £223 £182 £41 23%
    5 East Midlands £164 £136 £28 20%
    6 West Midlands £173 £147 £26 18%
    7 Scotland £137 £123 £14 11%
    8 North West £147 £132 £15 11%
    9 Yorkshire and the Humber £146 £133 £13 10%
    10 Wales £137 £125 £12 9%
    11 North East £124 £120 £4 3%
    Source: Zoopla and Hometrack September 2017

    Top 10 local authorities with highest growth in price per square foot since 2012 (excluding London)

    Rank Local authority area 2017 Price Per Sq Ft (£) 2012 Price Per Sq Ft (£) Difference in price (£) Percentage change
    1 Slough £374 £229 £145 64%
    2 Stevenage £282 £177 £105 59%
    3 Welwyn Hatfield £379 £241 £138 57%
    4 Luton £260 £166 £94 57%
    5 Broxbourne £371 £238 £133 56%
    6 Watford £414 £266 £148 56%
    7 Three Rivers £458 £295 £163 55%
    8 Dartford £326 £211 £115 55%
    9 Thurrock £289 £187 £102 55%
    10 Harlow £295 £192 £103 54%
    Source: Zoopla and Hometrack September 2017

    Top 10 London boroughs with highest growth in price per square foot since 2012

    Rank Borough 2017 Price Per Sq Ft (£) 2012 Price Per Sq Ft (£) Difference in price (£) Percentage change
    1 Newham £422 £227 £195 86%
    2 Waltham Forest £498 £271 £227 84%
    3 Barking and Dagenham £344 £199 £145 73%
    4 Lewisham £493 £289 £204 71%
    5 Greenwich £429 £254 £175 69%
    6 Croydon £398 £244 £154 63%
    7 Southwark £649 £399 £250 62%
    8 Brent £532 £329 £203 62%
    9 Lambeth £620 £385 £235 61%
    10 Hackney £685 £427 £258 61%
    Source: Zoopla and Hometrack September 2017

    Top 10 most expensive local authority areas by price per square foot (excluding London)

    Rank Local authority area 2017 Price Per Sq Ft (£) 2012 Price Per Sq Ft (£) Difference in price (£) Percentage change
    1 Elmbridge £495 £364 £131 36%
    2 St. Albans £489 £346 £143 41%
    3 Three Rivers £458 £295 £163 55%
    4 Hertsmere £455 £300 £155 51%
    5 Epsom and Ewell £450 £318 £132 41%
    6 Cambridge £442 £306 £136 45%
    7 South Bucks £433 £311 £122 39%
    8 Chiltern £433 £300 £133 44%
    9 Mole Valley £428 £320 £108 34%
    10 Windsor and Maidenhead £426 £293 £133 45%
    Source: Zoopla and Hometrack September 2017

    - Ends -

    For further information, please contact Stefanie Midmer on 0203 872 5697 / 07710 095 081 or stefanie.midmer@zoopla.co.uk.

    Notes to editors

    Zoopla is the UK's most comprehensive property website, focused on empowering users with the resources they need to make better-informed property decisions. We help consumers both find their next home and research the market by combining hundreds of thousands of property listings with market data, local information and community tools.

    At Zoopla we are fans of transparency and everything we do is aimed at making the market more efficient for both property consumers and advertisers alike. Zoopla has rapidly become the UK’s leading online destination for property consumers to search for homes and do their market research and the favoured online marketing partner for UK estate agents, letting agents and property developers.

    Launched in 2008, Zoopla has since been one of the fastest growing websites in the UK, now attracting over 40 million visits per month and we are proud to have collected numerous awards and accolades along the way, including being named one of the Top 10 UK Tech Companies (Guardian) and one of the Top 10 Most Innovative UK Companies (Smarta).

    Zoopla is part of Zoopla Limited which was founded in 2007 and has a highly-experienced management team, led by Founder & CEO, Alex Chesterman.

    Zoopla Limited, The Cooperage, 5 Copper Row, London, SE1 2LH
    Registered in England and Wales with Company No. 09005884
    VAT Registration number: 191 2231 33
    Data Protection number: Z9972266

    Back to Press releases