What if the population of the UK lived on one street?

What if the population of the UK lived on one street?

New data and analysis, undertaken by Barratt Homes, envisions regions of the UK as just a single street, breaking down the population into four housing types; terraced, detached, semi-detached and flat/maisonette. It also attributes current average values to each property type.

Data was sourced from the Land Registry UK House Price Index dated April 2017, ONS Census Data for England and Wales, NRS Census Data in Scotland and NISRA Census Data in Northern Ireland.

Imagining the UK as a single street, 32% would live in a semi-detached home, with an average value of £206,873. A quarter (25%) would live in a detached property worth just shy of £332,839, with 14% in a flat or maisonette worth just over £199,000, equivalent to over nine million people.

The remaining 25% of the population would live in a terraced home with an average value of £174,000, but the value and distribution of terraced properties varies dramatically by region. An interactive version of the single street concept, highlighting each individual region, is available on the Barratt Homes website: http://www.barratthomes.co.uk/uk-in-a-street.


For example, in a street representing the North-East, almost a third (31%) would live in a terraced house, but its average value would be £98,680, almost half the national average. This compares to a London street, where a terraced house would be worth over five times more (£494,851), housing 27% of residents. In the North-East, even the average value of all the four property types would be just £123,234.

The make-up of London’s property landscape is dominated by flats, with 43% of Londoners living in one, the most of any region in the UK. In fact, barring Scotland, where 29% of properties are flats, the average for the rest of the country is just 9.8%.

Unsurprisingly, London’s flats are also significantly more expensive than the rest of the country. Their average price is £428,476, a figure more than four times the average flat in Northern Ireland, which is valued at just over £97,000.  Excluding London, the national average is just £127,000, highlighting the weight London carries in both the distribution and average value of property.

A spokesperson for Barratt Homes said: “Our research reveals what the UK in a single street would look like but also how this picture differs across regions, both in the type of houses and, of course, the price. It’s fascinating to see the diversity of our housing stock and hopefully useful to show buyers what the property ladder looks like in their area.”

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Latest Comments

Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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