UK Property Market

An extra bedroom in London costs £161,221

A recent survey from Zoomf.Com shows that the average price of a London four-bedroom property is £557,608, which is £161,221 more than a three-bed one (£396,387 on average). This price difference is much smaller when it comes to one and two-bed homes, with an average of £89,751. According to the website, on the London Market there are currently 7,916 four-bed homes, 10,636 three-bed, 13,655 two-bed, and only 5,698 one-bed houses.

The lack of one-bed homes is probably going to cause difficulties to first-time buyers, who will not be able to cover the difference of price to buy a two-bedroom apartment. Furthermore, due to the considerable gap between three and four-bed homes, many households will chose to improve their homes over moving.

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