It’s evident that when looking to purchase a new house it can get expensive however if you have a spare £600,000 to flutter away on a new home keep doing what you are doing. When we consider houses in London around £600,000 you start to get less and less house for your money.
When purchasing a house, more often than not, there is a massive price gap between London and the rest of the UK. The average asking price in London is on an upwards curve not even considering the dear cost to rent in the capital, you can most definitely get more for your money elsewhere
The price difference in being able to afford a house in London and everywhere else across the UK is at an all-time high – the mean cost in London is practically double at the moment. Research suggests that the standard price to pay for a new house in London is roughly £550,000 in contrast to £270,000 across the rest of the UK.
This studio in the luxurious Knightsbridge, London is on average around the region of £600,000 priced at £599,950. The unique layout offers 113 square feet of floor space, a sufficient amount of storage space as well as boasting a perfect view of Harrods.
If living by the seaside is your dream you can pick up a town house in Newlyn, Cornwall, for £600,000. It has an impressive six bedroom altogether as well as the picturesque scenery of St Michaels Mount, this coastal home offers a great deal more for your money.
In central England, Gainsborough, Beck Lane you would receive a shocking £100,000 when purchasing this beautiful five bed detached house priced at £439,950. In the peaceful setting of Lincolnshire petite villages this home feels a million miles away from the hustle and bustle of London.
For obvious reasons moving house is dear, furthermore the likelihood of returning to London and securing a house if needs be are rather slim this is why London homeowners are unwilling to pack up and leave regardless of their built up equity.
This seems completely bizarre bearing in mind a semi-detached house in Woking with four bedrooms costs roughly £500,00 with less than a 30 minute journey to central London for work.
Unfortunately house prices on the rise is not the only issue. The average cost to move house is also augmented at the moment. The cost of moving can cost you thousands due to the estate agency charges that have recently been seen over 2%
The studio flat in Kensington previously mentioned perhaps may not be to your taste however be grateful you are not the individual attempting to sell it. Unfortunately for the owner when looking to move it is expected to cost around £15,000 including the standard VAT of estate agency charges. We suggest in the future that they sell on our website as we would have saved a minimum of £12,000!
For further information on this listing with Foxton, visit our website at www.emoov.co.uk
If you require an estate agent in London, feel free to contact us.