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Property: Cheapest and most expensive places in the UK to upsize your home

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Lockdown has meant Britons are spending the majority of their time at home. Home has become the place where people not only live, but work, exercise and socialise. As more people spend time at home, it’s not surprising that buyers are looking to upsize.

The average price of a one-bedroom in Bolton is just £137,408, while a two-bedroom property will set you back on average £143,334.

Nottingham comes in second place, with the average one-bed costing just £173,486.

To upsize to a two-bedroom house, you will only need on average around £7,461.

Sheffield comes in third place followed by Belfast and Liverpool.

The most expensive place to upsize in the UK from a one-bedroom to two-bedroom house is Brighton and Hove.

The average one-bed house costs £172,917 in Brighton and Hove, while a two-bed house will set you back around £384,121.

London is the second most expensive place to upsize from a one-bedroom house to a two-bedroom property.

This is followed by Reading, Bournemouth and Bristol.

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Upsizing from a two-bed to a three-bed house

The cheapest place to upsize from a two-bed to a three-bed house is Edinburgh where the difference between the two property sizes on average is just £5,325.

The average two-bed house in Edinburgh costs around £298,266 while a three-bed house costs around £303,591.

The second cheapest place to upsize from a two-bed to a three-bed house is Wolverhampton, followed by Newcastle upon Tyne, Glasgow and Bristol.

It’s no surprise that London is the most expensive place in the UK to upsize from a two-bed to a three-bed home with the average price gap between the two sizes costing £165,249.

Brighton and Hove came in second place followed by Portsmouth, Stoke-on-Trent and Bournemouth.

Upsizing from a three-bed to a four-bed house

Bradford is the cheapest place to upsize from a three-bed house to a four-bed house.

The average cost of upsizing from a three (£159,967) to a four-bed (£218,110) home in Bradford is £58,143.

Belfast is the second cheapest place to upsize from a three-bed to a four-bed home followed by Wolverhampton, Leicester and Aberdeen.

London took the top spot again for being the most expensive place to upsize from a three-bed house to a four-bed home.

An average three-bed house costs £759,548 in London while the average four-bed costs an astonishing £1,170,460, making the difference between the two properties £410,912.

London is followed by Stoke-on-Trent, Bolton, Portsmouth and Bristol.

Top 10 best places in the UK to upsize your home

Aberdeen is the cheapest place in the UK on average to upsize your home, with the average cost to upsize being £41,406.

Aberdeen is followed by Bradford, Plymouth, Coventry, Belfast, Southampton, Wolverhampton, Leicester, Nottingham and Derby.

Dave Sayce, Managing Director at Compare My Move said: “We’ve all been spending more time in our homes because of the pandemic, and they have become a space for everything.

“Many now live, eat, work, exercise, and educate their kids under one roof, and some might have realised they could do with some more space, whether this is a bigger garden or a spare room for an office.

“With stamp duty wavered, the housing market has continued to thrive.

“The cost to upsize homes varies, naturally, depending on location.

“It’s interesting to see a mix of northern and southern towns rank as the most expensive and least expensive locations, as many associate the south being the most expensive.

“Unsurprisingly, London tops the list for the most expensive locations to upsize.

“But Edinburgh and Bolton are also named as expensive locations, whilst southern coastal locations – Southampton and Plymouth – both rank in the cheapest places to upsize.”



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