Britain’s average property asking price of around £378,000 could either get you a five-bedroom house or a studio flat – depending on where you live.
That’s according to analysis from property platform Rightmove, which shows just how big the north-south property price divide is.
In Scotland and the north, an average-priced home can stretch to a four or even five-bedroom property in some areas.
By contrast, in London and parts of the South East, the same budget will buy you a much smaller home, such one-bedroom flats and studios.
In North Lanarkshire, the average asking price of a five-bedroom detached house is £376,052, slightly below the national average.
In Charnwood, buyers can find a five-bedroom semi-detached house for an average of £377,605, while in Nottingham, a five-bedroom semi-detached home averages £370,786.
There are also larger family homes available for below the national average in parts of the North and Midlands.
In County Durham, the average asking price of a five-bedroom semi-detached home is £367,424, while in Liverpool, a five-bedroom terraced house averages £356,357.
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In Kirklees, buyers can find a five-bedroom terraced home for £359,308, and in East Riding of Yorkshire, a five-bedroom terraced house averages £337,642.
However, those looking to buy in London will find it hard to find much more than a studio flat for the average asking price.
In Tower Hamlets, the average asking price of a studio flat is £357,556, while in Hackney, a studio flat averages £341,021.
In Richmond upon Thames, a one-bedroom flat has an average asking price of £362,322, while in Haringey, a one-bedroom flat averages £345,677.
It comes as HM Revenue and Customs (HMRC) figures revealed the number of home sales in May was around 17 per cent higher than the same month in 2025.
Across the UK, an estimated 98,450 home sales took place in May, which was 17 per cent higher than May 2025 and 2 per cent lower than in April 2026.
HMRC said the annual increase reflects lower transaction levels in April and May 2025, when activity fell following changes to stamp duty thresholds.
House sales were bunched up before last year’s changes as buyers rushed to beat the deadline before stamp duty discounts became less generous. Stamp duty applies in England and Northern Ireland.
Richard Donnell, executive director at Zoopla, said: “Housing transactions tell us about sales agreed five to six months ago – this latest data shows sales completions starting to slow in May compared to April which reflects the impact of last year’s autumn budget on sales.
“Looking ahead, while there is a healthy pipeline of sales from recent months, higher mortgage rates over April have hit new sales agreed.”
He added: “Sellers need to price carefully to attract demand if they want to sell their home this year.”