9 Sep

UK home buyers look for three beds

 UK home buyers look for three beds

The average property hunter in the UK is looking for a three-bed home costing around £200,000, according to a new study.

Research by estate agency Tepilo showed the average home buyer has a total of £205,221 to spend and would prefer a three-bedroom semi-detached property in the suburbs.

The majority are purchasing with a partner or spouse, with just 18 per cent of house hunters buying as a sole person, while 17 per cent are planning to step on the property ladder with friends.

Location is the top priority for buyers, with 65 per cent saying it is a major consideration, followed by 56 per cent believing the number of bedrooms is key and 41 per cent insist on the right sized garden.

In deciding on locations where to buy, 56 per cent of people believe having strong transport links is essential, followed by 44 cent wanting to be close to shops and supermarkets and 39 per cent feel a low crime rate is a key attraction.

The study also found that property as an investment remains an option for many, with 32 per cent looking for such opportunities and 24 per cent doing so as an alternative to a traditional pension.

Sarah Beeny, the creator of Tepilo, said: "We're a nation that's obsessed with property ownership, so it's interesting to see how buyers are behaving and to discover the differences across the UK and amongst different age groups.

"It's also interesting to see that Brits' love of investing in property is still going strong, a trend I expect will continue as people increasingly look for alternatives to traditional pensions."
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