Meanwhile, those with a terraced property will need to scrape together a further £84,774 to own a semi-detached home.
But shockingly, buyers looking to switch up from a semi-detached property to a detached house will need to shell out £199,282 – almost £200,000.
Mr Galley explained that while this is good news for the property market, it now means there is a bigger gap for those looking to upsize.
He added: “While price increases are good news for the market overall, this has impacted homemovers looking to upsize, as the gaps between each rung of the housing ladder have widened significantly.
“Those who have been unable to take a step up the housing ladder in the last year or so may find it harder to trade up than ever before.”