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Detached properties account for a fifth of all sales

Detached properties account for a fifth of all sales
Nationwide has revealed that 22 per cent of all UK house sales are detached properties.

The firm has published a report, showing that detached properties remain very popular in the country.

Most are out of the reach of people with first-time buyer mortgages however, with a typical price recorded as £246,516.

According to the research, a typical detached house has at least three bedrooms and has seen its price increase by 40.8 per cent over the last five years.

The majority of detached property sales are made in the East Midlands, while a typical owner has a salary above the UK average.

The price of an average detached house is 35 per cent higher than the national average, which may explain why few people with first-time buyer mortgages own them.

Nationwide also revealed that 69 per cent of detached properties were built after World War One, with 17 per cent built before and 14 per cent being listed as new builds.ADNFCR-1237-ID-18552556-ADNFCR


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