You could buy an entire row of houses in UK city for price of a London family home
PROSPECTIVE property owners could buy an entire row of houses in a UK city for the same price as a London family home.
Numbers one to 10 on Church Road in Erdington, Birmingham, have been listed for sale on real estate website Zoopla.
The starting price is listed for the 10 individual 315sqft Almshouses as £1,600,000.
Each individual property boasts a canopy porch, living and bed-sitting room, kitchen and shower room.
They sit close to the A38 four miles northeast of Central Birmingham with London approximately 117 miles to the southeast.
The advert reads: “The development comprises 10 individual Almshouses set within communal gardens erected [around] 1930.
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“Constructed of brick with Flemish detail to the end gables and single-glazed windows. Locally listed Grade B.
“The Almshouses lie at the junction of Church Road and Trafalgar Road less than 0.25 miles from Erdington High Street.
“The surrounding properties are predominately residential.”
The average UK house price has steam-rolled up in value since 2021, according to government statistics.
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Analysis of information from the Office of National Statistics and Gov.uk found that average property prices shot up by 16 percent in Wales and Scotland and by almost 12 percent in England.
Data shows a detached home in London sits around an asking price of £1,069,981 on average, as of March 2022.
When adding in extra bedrooms and a bit of space for the kids, that number can climb to extraordinary heights.
The difference between what you can buy in the capital for £1million compared to what you can get elsewhere can be shocking.
For example, you could buy an 11-bed country house in Rothes, Scotland, for £1.1million, or a one-bed flat in Kensington.
But the house comes with extra charges on top of the £1.1million price tag, with ground rent costing £600 a year, plus a service charge, although owners will have access to the development’s swimming pool and private cinema.
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Another one-bed flat in St Johns Wood, London, costs a whopping £1.095m, despite being a total of just 71.81 square metres.
But by comparison, a detached mansion in Aberdeen offers 432 square metres, with eight bedrooms, seven public rooms and three bathrooms for the same price.