Property values have seen consistent increases as of late and as a result the average property price across the whole of the United Kingdom is fast approaching the landmark figure of £250,000 for the first time. In June 2013 the average property price in England surpassed this and is now £251,000, Scotland’s average property is valued at £181,000 and Wales property averages at £162,000.
With this in mind we took a look at some of the various properties you can purchase for £250,000 across the UK.
London
As the most expensive place to live in the UK, London has an average property price of £425,000. With Central London being one of the areas seeing consistent increases in the values of the property now may be the time to purchase your home in the city! House hunting in London can be difficult with many trade-offs having to be made especially if sticking to a budget, the main one being space vs. location! In Central London for £250,000 you will find you have a very limited choice and even less space available.
We found the best compromise between space and location currently available, a studio apartment covering 358 square feet in very popular Goodwood Court. The studio consists of a separate kitchen, storage and a porter, combined with the great location in Marylebone with access to Regents Park and Great Portland Square transport links at £240,000 this could be considered great value.
Edinburgh
In the popular, cosmopolitan area of Stockbridge, a short walk from Edinburgh city centre we have this very impressive top floor 2 bedroom apartment which boasts open plan living, dual aspect views over the city of Edinburgh and over 1000 square foot of space!
Although there is no outside space for an additional small fee you can get the keys to St Bernards Crescent Gardens and Dean Gardens.
The flat is currently on the market with Savills for offers over £245,000.
Galashiels
For those wanting to combine the country life yet remain a short drive from the city, Galashiels in the Scottish Borders may be the perfect location being just an hour away from Edinburgh! What’s more is there will be no shortage of both indoor and outdoor space.
For £250,000 you can live in the stunning ‘Harlow’ home on the Vinery Park development from Barratt Homes. A spacious 1550 square feet is available across a large living room, separate dining room, a kitchen/breakfast area and four bedrooms, two of which have en suites. There are currently two plots with the Harlow home available.
With the Help to Buy scheme launching in Scotland over the next few weeks you may be able to secure this property with just a 5% deposit.
Glasgow
Remaining in Scotland and now heading to Glasgow. A property on the market for offers over £245,000 shows you can live close to the city centre whilst not sacrificing any space with this 4 bedroom traditional tenement flat in the Hillhead area. Located on the second floor you will find a reception hallway with storage leading to the lounge, 18ft kitchen diner, four large double bedrooms, a bathroom and shower room.
Newcastle Upon Tyne
Now heading to Newcastle upon Tyne and the popular suburb of Jesmond, Reeds Rains currently have on the market this three bedroom, ground floor apartment with private outside space and a garage for £245,000. Conveniently located to enjoy the facilities of Jesmond village which makes it such a sought after area and the Metro provides direct access to the city centre.
Hertford
The south east of England follows London being one of the most expensive places to buy property with the average value in this region being £299,000, what can you get for £250,000?
An hour away from Central London and only a short walk away from Hertford East Station makes this property ideal for the commuters! You can get this two bedroom duplex main door apartment in a sought after gated development for £244,995. This does have everything you need and more such as open plan living, outside space, garage and parking. At 625 square feet you can see the further outside of London you go you the more space you will find.
If you had £250,000 which property would you buy? Would you choose space or city living?