As you well know, the property market in this country is bang out of order. Since 2011, house prices across the UK have grown by 32%. In London, they've skyrocketed by as much as 68%.
According to data from the Land Registry, as of February, the average house price in the UK is a not-insignificant £224,144. That's eight times the average annual wage of £27,600.
But what can that get you around the country? Let's take a look...
London
Currently, the average asking price for a one-bed flat in London is an absolutely mad £469,624. Obviously, however, some areas are cheaper than others, which means that it is, in some places, still possible to make £220k stretch to a two- or even three-bed property (the ridiculous nature of this statement is not lost on us, btw). This studio flat in Holloway, though, seems to be a pretty good average. It's actually not too shabby – but does come with the downside of NOT HAVING A KITCHEN. Hotplate it is. Thanks London!
Manchester
Manchester is another city where prices differ wildly from place to place – although not nearly as much as they do in London. So let's stick to the city centre, shall we? The average price for a one-bed flat has, of late, been £178,007 so in theory, £224k should deliver nicely. And it does. This new-build apartment right in the centre (just a few minutes' walk from Piccadilly) has a balcony, an open-plan kitchen, parking and 24-hour concierge.
Cardiff
In the last 12 months, properties in the Welsh capital have gone for an average price of £233,088. As a result, this lovely three-bedroom house – a 15-minute drive into the centre – is £220k.
Armagh, Northern Ireland
Belfast might me a little spenny but outside in the lush countryside, you can get silly amounts of house for your money. This four bedroom detached house nay mansion is just £210,00.
Bradford
Great Horton Road in Bradford is officially the cheapest place to get a house in the UK, with average prices clocking in at £40k. Therefore, you can get this 13-bedroom house.
Glasgow
The average price paid for a property in Glasgow is currently £172,447. This two-bed flat is £219k at the moment and was, quite frankly, too cool not to include. However, there's plenty of opportunity to get up to five-bed houses for the same price in the near vicinity. This four-bed townhouse, for £225k, could fit you and all your friends with room to spare.
Derby
Derby's had a fair bit of regeneration in recent years, meaning that the area around the cathedral is now top-notch. The average house price is currently £196,882, although if you head out a few minutes' drive from the centre, you could get a five-bedroom place for £225k. Those floors.
Bristol
Bristol's one of the more expensive cities in the UK so if you think your £220k is going to get you one of those big, beautiful townhouses from Skins, think again. The current average value of a house is £311,933. You can, however, get this really rather fantastic one-bedroom flat in an old almshouse for £215k.
Birmingham
Birmingham has good connections to London, which means it's not going to be super cheap. The average house for sale is now around £192,384. This lovely converted house in Gravelly Hill is a great find for £220k.
Liverpool
Since being named the UK's City of Culture back in 2008, Liverpool has gone from strength to strength. The average house price is £165,855, while this three-bed flat, right next to the train station, is £215k.
Cornwall
Notoriously expensive, thanks to city people buying up holiday homes which lie empty for much of the year, you can nevertheless get this super cute two-bedroom house in Penryn for £220k.
Belgravia, London
This is the UK's most expensive place – the average house price paid here is £4.1m (HAHAHAHA). Luckily, you can still purchase something for £200k... a parking space. A parking space opposite Harrods.
So. Done.
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