PER SQ FT RESIDENTIAL VALUES ACROSS THE UK

Residential Sales Value Portal

Welcome to Lambert Smith Hampton’s Residential Sales Values Portal (RSVP), your visual guide to residential per sq ft values across the UK. The map utilises a variety of statistics to illustrate key residential pricing indices at the local authority level. Simply click on the map below to assess residential values, property prices and prevailing affordability levels across the UK.

 

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VARIABLE  YEAR  MEASURE  LEVEL MEASURMENT SOURCE 
AVG PER SQ FT 2022/23  Average price per sq ft for property Local Authority  LSH Research, Property Data
 AVG PER SQ FT LOCAL AUTHORITY RANGE 2022/23  Maximum and minimum average price per sq ft of postcode sectors within local authority  Local Authority  LSH Research, Property Data
 AVG PROPERTY Q4 2022  Average transaction price for property Local Authority/Council   Land Registry, Ulster University
 AVG PROPERTY PRICE 12 MONTH CHANGE Q4 2022-Q4 2021 12 month % change in average transaction price for property Local Authority/Council  LSH Research
 INCOME PRICE RATIO 2022 Ratio of median house price (existing dwellings) to median gross annual (where available) residence-based earnings Local Authority ONS 

London values tower over the rest of the UK

While average residential prices across Greater London (-1.6%) saw a greater fall than the wider UK during H1 2023 (-0.6%), as ever the capital remains by a distance the most expensive area of the UK. At the mid-point of 2023, average values in the capital equated to £733 per sq ft, 78% higher than the average for the South East, the second most expensive region of the UK. 

Average per sq ft pricing in Greater London is heavily skewed by its prime central districts, with Westminster commanding average values of £1,588 per sq ft. However, even when London’s prime inner districts are excluded, the rest of London’s average value of £610 per sq ft still towers above the South East average of £411 per sq ft.

The North East sits at the other end of the pricing spectrum, with the average price breaking down to £171 per sq ft. However, beyond the UK’s southernmost regions, average pricing is relatively uniform between the UK’s other regions with average values across the North West, Yorkshire & the Humber, the Midlands ranging between £216 to £263 per sq ft.

Sub-regional value variance

The district spread of average residential values within the UK regions is tightest in the North East, with the most expensive district of North Tyneside (£210 per sq ft) commanding a relatively modest 51% premium over the region’s least expensive district of Hartlepool (£139 per sq ft). The second lowest intra-regional variation between districts is seen in the South West, where the average price spread is 61% between the most expensive and least expensive districts.

Conversely, and beyond the extremes associated with Greater London, Scotland exhibits a substantial 159% spread in average prices between its constituent districts. Scotland is home to the cheapest district of anywhere in the UK, namely North Ayrshire (£130 per sq ft), and also the most expensive district outside of the UK’s southern regions, namely Edinburgh (£337 per sq ft).

 

Intra regional range in average residential values

 

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