PUBLISHED: 16:39, Tue, Aug 11, 2020 | UPDATED: 16:39, Tue, Aug 11, 2020
While moving into a larger house is a natural step for anyone on the housing ladder, the coronavirus pandemic has brought the need for space into sharp focus. More homeowners are looking for a bigger space than ever following the lockdown, as the restrictions left many feeling cooped up in tiny flats and houses. But upsizing your home comes at a cost - and with house prices continuing to rise, it pays to do your research first.
Despite the initial worries over the property market as the pandemic hit, experts have been amazed at how fast it has recovered.
House prices were up in July as the UK saw a mini housing boom following the easing of lockdown.
But sales are also soaring, due to pent-up demand as well as buyers looking to take advantage of the new stamp duty holiday announced by the government.
However, despite the rise in prices, there’s been a marked trend in homeowners seeking more space, with flats less popular than ever according to Rightmove.
For those looking to do the same, new research has revealed the best value locations to live if you want to upsize.
READ MORE: Property news: DIY jobs could slash up to £70,000 off your house value
Property experts have shared the cheapest places to upsize (Image: Getty)
Flats cost the most per square metre, so upsizing offers better value (Image: Getty)
The latest research from estate agent comparison site GetAgent has looked at where across England and Wales homebuyers can upsize, with the smallest increase in cost per square foot.
The company has looked at different property types and revealed the surprising value that can be found in certain areas.
The data shows that flats offer the worst value in terms of space, costing £346 per square foot across England and £177 in Wales.
The price difference is largely down to the location of flats, with city living always proving to be more pricey despite the smaller homes available.
It means that flat owners could be in a better position than they think if they want to find a bigger home.
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