Phil and Kirstie might swear by location, location, location, but for some, space, space, space tops the property wish list.
It’s no secret that space usually comes at a premium, and more of a premium in some places than in others - that a million goes further up north than in London will shock no one.
But just how much further does it go?
We carried out some research into what £1 million can purchase in ten of the UK’s largest cities, and found that the difference could be up to triple the floor space. In the trade-off between location and space, where you choose to buy could mean you’re losing out on a not-to-be-sniffed-at 2,500 sq ft.
To get the most for your money, head to Liverpool, where you’ll find properties almost three times the size and £440 less expensive per sq ft than their counterparts in the capital.
House for sale in Liverpool, on the market for £999,500
London, of course, is the most expensive city, where you’ll find yourself paying two and a half times more per sq ft than you would across the border. In Glasgow, for approximately £250 per sq ft, you could find a spacious detatched house with between four and seven bedrooms, several reception rooms and a large garden, compared to the £690 per sq ft needed to buy a two-bed flat in London.
Is it worth it? Here’s what £1 million can buy you in ten of Britain’s largest cities:
London: In Kensington and Chelsea, £1 million will get you 1,443 sq ft – that’s a two/three bed flat in a Victorian terrace conversion – working out as £690 per sq/ft. In Hackney, you’ll get slightly more: a three-bed Georgian terraced house of 1,928 sq ft, costing you £518 per sq ft.
Bristol: A distant second on the list, Bristol will see you paying £344 less per sq ft for more than half the space again of a London property. You could find yourself a six-bed Georgian terraced house of 2,745 sq ft – that’s £346 per sq ft.
Birmingham: Your million will stretch slightly further here – it’s approximately £323 per sq ft, meaning you could find a house of 2,767 sq ft.
Leeds: Not much difference in Leeds, where £1 million equals £322 per sq ft. A five-bed detatched new build of 2,950 sq ft could be yours for the money.
Manchester: A 3,154 sq ft, six-bed period house works out as £315 per sq ft.
Nottingham: Another six-bed offering, modern this time, and covering 3,344 sq ft, meaning you’d be paying £291 per sq ft.
Edinburgh: A six-bed Georgian detatched house of 3,666 sq ft – that’s £259 per sq ft.
Leicester: Only five bedrooms this time, but big ones: 3,950 sq ft of modern detatched house means £253 per sq ft.
Liverpool: At almost three times the space you’d get in London (4,004 sq ft), you’d be paying £250 per sq ft for a four-bed, modern detached house.
Glasgow: A five-bed period townhouse of 3,981 sq ft would cost £249 per sq ft.
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