The most expensive UK regions to buy in listed - with homes costing 15 times more than cheapest area
The 20 regions with the most expensive new build properties have been shared
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New build properties offer modern living for Britons but how much they will set you back depends on where you want to live.
Research has found the cheapest to the most expensive parts of the country to buy a new build home.
Erewash in Derbyshire had the lowest median new house price based on a study of homes built last year.
Buying in this borough will cost homeowners an average of £122,750, according to the research by One Sure Insurance. This is nearly 15 times less than the most expensive location in London.
Properties in London were the most expensive
PA
The most expensive locations
1. Westminster, London - £1,809,875
2. Lambeth, London - £1,241,949
3. Hammersmith and Fulham, London - £1,137,613
4. Hackney, London - £949,050
5. Hertsmere, East of England - £932,500
6. Woking, South East of England - £886,250
7. New Forest, South East of England - £850,000
8. Broxbourne, East of England - £795,000
9. St Albans, East of England - £775,000
10. Islington, London - £751,549
11. Camden, London - £685,713
12. Cambridge, East of England - £673,148
13. Wandsworth, London - £650,000
14. Mid Sussex, South East of England - £607,500
15. Haringey, London - £600,000
16. Barnet, London - £595,000
17. Southwark, London - £595,000
18. Oxford, South East of England - £595,000
19. Uttlesford, East of England - £594,995
20. Waverley, South East of England - £594,000
The most affordable new builds were found in Derbyshire, but anyone looking to live in London or the south of England will struggle to find a property for a similar price.
While the prices vary greatly, the type of newly built home has not been taken into account in the research.
A spokesperson for One Sure Insurance said: “This study provides valuable insight into the range of prices for newly built housing within local authorities across England and Wales.
"While it does not show us what the highest and lowest prices are, these median price points offer a perspective on the potential average cost for new housing.
“It is notable that every borough in the top 20 positions is either based in London or somewhere in the south of England, which is likely because of how close they are to the capital or the south coast.
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House prices vary greatly across the UK
GETTY"Both locations may be desirable places to live for new houseowners due to being business and tourism hubs, respectively.
“There are also many boroughs in the upper half of the list that lack of data for most types of housing.
"This might mean they either only have recorded pricing data for newly built flats and maisonette houses, or they were the only housing types available in those areas last year, which may be indicative of the current housing market.”
This comes as research showed Britons pay £178,000 more to buy property in popular staycation spots.
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