RSVP H1 2023

PER SQ FT RESIDENTIAL VALUES ACROSS THE UK

Residential Sales Value Portal

Welcome to Lambert Smith Hampton’s Residential Sales Values Portal (RSVP), your visual guide to residential per sq ft values across the UK. The map utilises a variety of statistics to illustrate key residential pricing indices at the local authority level. Simply click on the map below to assess residential values, property prices and prevailing affordability levels across the UK.

 

Notes: Right click to zoom in. If map values are not being displayed, please delete cache from your browser

VARIABLE  YEAR  MEASURE  LEVEL MEASURMENT SOURCE 
AVG PER SQ FT 2022/23  Average price per sq ft for property Local Authority  LSH Research, Property Data
 AVG PER SQ FT LOCAL AUTHORITY RANGE 2022/23  Maximum and minimum average price per sq ft of postcode sectors within local authority  Local Authority  LSH Research, Property Data
 AVG PROPERTY Q4 2022  Average transaction price for property Local Authority/Council   Land Registry, Ulster University
 AVG PROPERTY PRICE 12 MONTH CHANGE Q4 2022-Q4 2021 12 month % change in average transaction price for property Local Authority/Council  LSH Research
 INCOME PRICE RATIO 2022 Ratio of median house price (existing dwellings) to median gross annual (where available) residence-based earnings Local Authority ONS 

London values tower over the rest of the UK

While average residential prices across Greater London (-1.6%) saw a greater fall than the wider UK during H1 2023 (-0.6%), as ever the capital remains by a distance the most expensive area of the UK. At the mid-point of 2023, average values in the capital equated to £733 per sq ft, 78% higher than the average for the South East, the second most expensive region of the UK. 

Average per sq ft pricing in Greater London is heavily skewed by its prime central districts, with Westminster commanding average values of £1,588 per sq ft. However, even when London’s prime inner districts are excluded, the rest of London’s average value of £610 per sq ft still towers above the South East average of £411 per sq ft.

The North East sits at the other end of the pricing spectrum, with the average price breaking down to £171 per sq ft. However, beyond the UK’s southernmost regions, average pricing is relatively uniform between the UK’s other regions with average values across the North West, Yorkshire & the Humber, the Midlands ranging between £216 to £263 per sq ft.

Sub-regional value variance

The district spread of average residential values within the UK regions is tightest in the North East, with the most expensive district of North Tyneside (£210 per sq ft) commanding a relatively modest 51% premium over the region’s least expensive district of Hartlepool (£139 per sq ft). The second lowest intra-regional variation between districts is seen in the South West, where the average price spread is 61% between the most expensive and least expensive districts.

Conversely, and beyond the extremes associated with Greater London, Scotland exhibits a substantial 159% spread in average prices between its constituent districts. Scotland is home to the cheapest district of anywhere in the UK, namely North Ayrshire (£130 per sq ft), and also the most expensive district outside of the UK’s southern regions, namely Edinburgh (£337 per sq ft).

 

Intra regional range in average residential values

 

Housing solutions

We are uniquely placed to provide clients with a complete solution to help identify, unlock and realise a long term pipeline of residential development.

Specialist teams

574

574, auctions

574 is an online property trading platform offering a simple, certain and secure way to transact residential development and investment opportunities within the UK from anywhere in the world.

Our large online audience of over over 100,000 pre-verified buyers maximises the opportunity for best price through a seamless, transparent and trouble-free process.

Our success rate is 96% vs. c70% in the ballroom and our pre-verification process ensures that deposits are taken immediately.

Find out more

A3 Relocation Solutions

A3 Relocation Solutions

Disasters such as fire or flood can heavily damage or totally destroy homes and workplaces, rendering them incapable of occupation.

Our emergency relocation service enables insurance companies, brokers and loss adjusters to move policy holders to alternative accommodation while repairs or renovations are carried out. 

Find out more

Airspace Exchange

Airspace Exchange

An increasingly popular trend among property investors and freehold owners is the upward extension of existing buildings for residential use as a means of creating additional value. 

We can undertake a review of the technical aspects of the property, such as structural integrity and detailed planning considerations, to determine the viability for airspace development, before taking it through the planning, construction and disposal process. 

Find out more

HLM Property Management

HLM is an established property management company specialising in Leasehold, Block and Estate Management for over 15 years. Operating throughout the country, we work with many regional and national developers.

Find out more

ikon

ikon

ikon is a professional residential and mixed-use consultancy focused on providing an enhanced project management service to private, public and housing association clients working across the wider regeneration sector, including direct and joint venture delivery models.

Our team also specialises in brokering the sale of residential development projects to housing associations, thereby mitigating risk and maximising returns for all parties.

Find out more

LSH Investment Management

LSH IM

We deliver well-informed, market-facing investment thinking to institutional, family office and high net worth private clients.

Combining our long-term and trusted relationships with our 'hands on' approach to managing assets and enhancing value and income, we invest across the full spectrum of commercial property in the UK, building robust balanced portfolios and creating specialist strategies for higher return.

Find out more

Planning, Regeneration + Infrastructure

Our team of specialist planning, development, urban design, master planning and regeneration experts can help identify, appraise, unlock and maximise the development potential and value of complex urban and rural sites and buildings.

Find out more

National Land Network

Our National Land Network operates extensively across the UK and offers expert advice on a variety of sites with potential for residential development.

Get in touch