Yorkshire residents underestimate the cost of their ideal home by over £200,000

New analysis of UK real estate data reveals that people in Yorkshire have drastically unrealistic expectations of the cost of their ideal ‘forever home’.

The research, conducted by leading manufacturer of aluminium doors and windows, Origin, found that Yorkshire residents’ ideal home is a detached, four-bedroom, two-bathroom property. The perfect home also boasts a children’s playrooms, a study, a summerhouse, a garden with a patio, and countryside views.

However, locals hope to spend just £561,000 on this ideal home – significantly less than it’s worth. In fact, the average cost for a property with these features in Yorkshire is an eyewatering £783,000 – 33% more than buyers expect to pay.

Hide Ad
Hide Ad

This challenge can be seen across much of the UK. In fact, there are only seven counties where homeowners can purchase their ideal home within budget this includes Devon, Lincolnshire, and Norfolk.

Yorkshire residents underestimate the cost of their ideal home by over £200,000Yorkshire residents underestimate the cost of their ideal home by over £200,000
Yorkshire residents underestimate the cost of their ideal home by over £200,000

Victoria Brocklesby, COO at Origin, comments: “Our research shows that Brits know exactly what they’re looking for in a property and have some ambitious goals when it comes to their ‘forever home’. However, due to a volatile market and rising house prices, this is becoming harder to achieve than ever before, particularly in certain areas of the country.

“Thankfully, our years of experience in the home industry have taught us that the perfect home isn’t dictated purely by square footage or the number of reception rooms. Instead, it’s about creating a space that you love and that works hard for you and your family. With the right advice and planning, this is achievable for everyone.”

The most expensive places (on average) in the UK to buy a ‘forever home’:

Hide Ad
Hide Ad
  1. Cambridgeshire - £1,800,000
  2. Oxfordshire - £1,650,000
  3. Manchester - £1,608,333
  4. Warwickshire - £1,522,500
  5. Staffordshire - £1,400,000

The most affordable places (on average) in the UK to buy a ‘forever home’:

  1. Norfolk - £466,666
  2. Shropshire - £498,333
  3. Cumbria - £500,000
  4. Leicestershire - £517,000
  5. Lancashire - £551,650

Comment Guidelines

National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.

News you can trust since 1754
Follow us
©National World Publishing Ltd. All rights reserved.Cookie SettingsTerms and ConditionsPrivacy notice