The average price for a three-bedroom house in central York is now £364,500 – making it the seventh most expensive city in Britain for families.
And that means it is also the most expensive city in the north of England.
Compared to Bradford and Leeds, York’s housing market was far more expensive, a new survey by MoneySuperMarket.com found.
In Bradford a three-bed house costs an average of £95,000, and in Leeds it’s £142,475.
‘Huge disparities in property prices’
The survey crunched the data to reveal the cheapest – and most expensive – cities in the UK for families.
The research factors in the average cost of a three-bedroom house in within a mile of the city centre of the 30 most populated UK cities.
“It’s astonishing to see the huge disparities in property prices for renters and buyers in the UK,” said MoneySupermarket consumer affairs expert Kevin Pratt.
“Even a distance of a few miles – well within commuting range – can change the value of a house or flat by many thousands of pounds.”
The company has also created an interactive tool that allows users to enter the amount their current property is worth, and compare it to other cities across the UK.
That reveals that…
|A 1-bed flat in York worth £100,000||…would be worth £1.13m in the City of London||…or £57,400 in Bradford||…or £285,000 in Birmingham|
|A 2-bed house in York worth £200,000||…would be worth £1.35m in the City of London||…or £64,950 in Bradford||…or £425,000 in Brighton|
|A 4-bed house in York worth £400,000||…would be worth £2.88m in the City of London||…or £127,500 in Bradford||…or £950,000 in Brighton|