What kind of property does £1 million buy you in the UK?

What kind of property does £1 million buy you in the UK?

House prices in the UK have risen rapidly for a few years. In fact, according to the Office for National Statistics, the average house price increased by 10.6% in the year running up to August 2021.

Take a look at the kind of features and size you could expect from a property across different parts of England if you have a budget of £1 million.

The north-west

For many footballers, the focus of north-west England is mostly on Manchester and Liverpool. In fact, there are already three hotspots just south of Manchester that plenty of players call home: Alderley Edge, Wilmslow, and Prestbury.

With a million-pound budget in these areas, you’re mostly looking at large, three-to-five-bedroom houses, many of which are situated on quiet residential streets. Also available here are converted, multi-bedroom penthouse apartments, often more central to the town high streets.

Further away from the cities, you may be able to get impressive, sprawling country manors for the same budget, but at the cost of travel time and convenience.

Clubs in the area include: Accrington Stanley, Blackburn Rovers, Bolton Wanderers, Carlisle United, Crewe Alexandra, Everton, Preston North End, Rochdale AFC, Tranmere Rovers, Wigan Athletic

The north-east

Over on the opposite side of the country, around Newcastle-upon-Tyne, Sunderland, and the surrounding area, £1 million might be able to get you a little more, depending on location. Here it is common to find a five- or six-bedroom house with a large, open garden for the same price.

One hotspot for more luxurious properties is the large village of Ponteland, just under 10 miles north-west of Newcastle. Home to Alan Shearer, large gardens and recently modernised interiors are a common trait, and some properties even come with indoor pools.

Clubs in the area include: Hartlepool United, Middlesbrough, Newcastle United, Sunderland AFC

Yorkshire

Four-, five-, and six-bedroom country properties are available throughout the beautiful scenery of Yorkshire for £1 million, often with their own private gardens and stunning views. Some properties come with pools, ponds, and many have traditional interiors, all adding to the scenic feel of the area.

Even when moving closer to the towns and cities, you are still able to get similarly sized properties for your money, just without such wide-open garden spaces. Wakefield, Doncaster, and Sheffield especially offer a few larger properties with easier travel connections.

Yorkshire seems to favour tradition in terms of architecture, with several available properties looking like old country manors and heavily converted farmhouses.

Clubs in the area include: Barnsley, Bradford, Doncaster Rovers, Harrogate Town, Huddersfield Town, Hull City, Leeds United, Middlesbrough, Rotherham United, Sheffield Wednesday, Sheffield United

The Midlands

The Midlands offer you a few more central, well-connected housing choices with plenty of space and bedrooms to boot. Large four-, five-, and even six-bedroom properties closer to city centres are available across the region.

There are numerous fully detached barn or farmhouse conversions, giving you plenty of space and, in some cases, land. Many Midlands properties aim for a more traditional feel, with exposed wooden support beams and Tudor architecture.

If you’re looking for something more modern, it may be worth looking centrally. Cities like Nottingham and Birmingham offer penthouse apartments with views of city skylines and more modern interiors, but often come with a little less space.

Clubs in the area include: Aston Villa, Birmingham City, Coventry City, Derby County, Nottingham Forest, Shrewsbury Town, Stoke City, Walsall, West Bromwich Albion, Wolverhampton Wanderers

London and Greater London

By far the area with the most choice and variation, London properties vary hugely depending on location. Central areas, such as Fulham, Chelsea, and Vauxhall mostly offer one- or two-bedroom flats and maisonettes, with some houses available on the outskirts.

Alternatively, if you want to live slightly out of the city centre, you are more likely to find three-, four-, or five-bedroom flats, houses, and bungalows. Less central areas like Peckham, Stratford, and Wimbledon offer a wide variety of properties to match what you’re looking for.

Further still, but within the limits of the M25, towns such as Croydon, Romford, and Watford offer larger, multi-bedroom houses which are often semi- or fully detached with private garden spaces.

Or, if you’re looking for a bit of a view, London has no shortage of penthouses atop the many high rises across the region.

No matter what you’re looking for, provided you’re willing to compromise with travel times, it’s likely that you’ll be able to find it.

Clubs in the area include: AFC Wimbledon, Arsenal, Charlton Athletic, Chelsea, Fulham, Leyton Orient, Queens Park Rangers, Tottenham Hotspur, Watford, West Ham United

The south-east

The south-east of England is home to plenty of well-connected small towns, each with their own properties on offer. From Eastbourne in East Sussex to Sevenoaks in Kent, you have plenty of seaside and countryside locations to choose from.

Properties here usually have three or four bedrooms and offer a mix of modern and traditional styles depending on location. Cities like Canterbury and Brighton often have a more modern feel, whereas the smaller towns in-between tend to offer more traditional options.

Interestingly, single floor, sprawling countryside properties appear more commonly here than in any other region.

Clubs in the area include: Brighton & Hove Albion, Colchester United, Crawley Town, Gillingham, Portsmouth, Southampton

The south-west

It may be to no one’s surprise that the south-west offers quite a few converted farmhouse properties. Houses in the region of £1 million tend to be based in the countryside, and usually offer four or five bedrooms with larger gardens and traditional architecture.

Surrounded by fields and forests, the region could be perfect for the nature lover. Outside of London, the south-west appears to offer the most variety in terms of features, since the wide-open space offers more potential to have your own work done.

If the countryside isn’t for you, there are a few larger houses and penthouse apartments available in some of the busier cities like Bristol, or even as far as Plymouth.

Clubs in the area include: AFC Bournemouth, Bristol City, Bristol Rovers, Cheltenham Town, Exeter City, Forest Green Rovers, Plymouth Argyle, Swindon Town

If nothing catches your eye…

Perhaps you’ve had a look at your options, and nothing is calling out to you? Maybe you’re looking for something truly different? Well, look no further, for we may have exactly what you were waiting for.

On the stunning south coast of Wales, Castleist advertises a fully defensible, 20-sided, fortified stone barracks situated across 4.45 acres of private land. Partly renovated with limitless potential, the property even includes a dry moat to ward off pesky calvary attacks on your residence.

The fortification was once home to the Royal Marines and was built in the mid-1840s. It is a Grade-II*-listed building valued at about £1 million.

Get in touch

If you’d like advice on how to approach your property purchase, or how best to use your wealth elsewhere, please get in touch with us at ProSport Wealth Management.

Email enquiries@prosportwealth.co.uk or call 01204 602909 to find out more.

Please note

Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it