Tue 29 Nov 2016
It’s no secret the South is a much more expensive place to buy a property compared to towns and cities in the Midlands.
• £580k average price for a property in London
• £390k more than the average asking price in the Midlands
Average house prices in London compared to the Midlands
According to Rightmove stats, last year most property sales in London involved flats which sold on average for just over £500,000. Terraced properties sold for an average price of £637,823, while semi-detached properties fetched £628,504.
London, with an overall average price of £578,968 was more expensive than the East Midlands by a whopping £390k!
Which is great news if you are considering selling up and relocating to the Midlands, you will get a hell of lot more sq footage for your money!
So, let’s have a look at what £500,000 will buy you in the Midlands:
Check out all our properties for sale for £500,000 or less, you’ll be amazed by the types of homes you could buy!
"I would highly recommend John German Lichfield who dealt with my simultaneous sale and purchase very efficiently. The team are very helpful and friendly and nothing was too much trouble. They held my hand all the way through what was a very stressful time and reassured me when needed. The whole process from putting house up for sale to actually moving in to dream home was less than 3 months in total. Cannot rate highly enough!"