What makes an ideal home – and how much will it cost you?

Brits have decided that their dream home is a 188 square metre detached house with four bedrooms and three bathrooms according to new research by The Guild of Property Professionals.

The research asked respondents to identify key factors in their ‘dream home’ such as the size, the type of property and the number of bedrooms and bathrooms.

But what would our ‘dream home’ look like around the UK and how much does it cost?

The Guild of Property have used an automated valuation model to identify the price in regions around the UK.

The cheapest place to buy a house with 188m2, 4 bedrooms and 3 bathrooms is the North East at an average cost of £378,760, however a house of the same size will cost you over twice that amount in the South East at £782,333. Although for those who prefer the big city feel of London, that jumps sharply to £2,098,337.

REGION

AVERAGE VALUE

INNER LONDON

£2,098,337

OUTTER LONDON

£989,235

SOUTH EAST

£782,333

EAST OF ENGLAND

£682,837

SOUTH WEST

£604,471

WEST MIDLANDS

£510,389

NORTH WEST

£487,910

EAST MIDLANDS

£469,208

YORKSHIRE & THE HUMBER

£446,818

WALES

£405,183

NORTH EAST

£378,760

Of the 2,000 people surveyed, 46% said their dream home would be a detached property, with 16% preferring the humble bungalow, and one in 10 saying they would prefer a flat. Whilst a garden is a must for the ideal home (79%), it seems the recent home working experience has led to 45% wanting to see a home office in the house too.

Other desired amenities include a large kitchen (74%), a garage (63%), and a conservatory (54%). Although it seems Netflix’s Selling Sunset may have had a role to play with a third wanting to see a swimming pool or spa in their homes, a quarter looking to relax in a home theatre, and 28% wanting to work out at home in their own gym.

However, the finer details of the property alone doesn’t make it the ultimate dream home – the area it is in also plays a key role. Research shows many are moving away from cities, with rural environments having risen from a fifth pre-lockdown, to almost a third (27%) of Brits wanting to live in more open areas now.

The Guild of Property Professionals have searched the market to highlight what you can get for close to the average value in each area.

Starting with the most expensive region London:

London: Grove Lane, Camberwell, SE5, 5 Bed Terrace House, £2,000,000

https://www.guildproperty.co.uk/property-for-sale/london-camberwell/se5-8st/1792348

South East: Mitchley Avenue, Purley, 4 Bed Detached House, £789,950

https://www.guildproperty.co.uk/property-for-sale/purley/cr8-1dn/1577488

West Midlands: Lymers Lane, Fradswell, 4 Bed Detached House, £500,000

https://www.guildproperty.co.uk/property-for-sale/stafford-fradswell/st18-0ex/1802816

Wales: Belan School Lane, Belan, Welshpool, Powys, SY21, 4 Bed Detached House, £420,000

https://www.guildproperty.co.uk/property-for-sale/welshpool/sy21-8sf/1643294

North East: Morton On Swale, Northallerton, 4 Bed Detached House, £350,000

https://www.guildproperty.co.uk/property-for-sale/northallerton-morton-on-swale/dl7-9qx/1758313