London buyers keen on Shropshire country homes

Property prices in London have soared so high that house hunters are being urged to look to Shropshire for much more palatial homes at a fraction of the price.

A survey has shown a two-bedroom flat in central London would currently set buyers back around 1.1 million.

That would, quite literally, buy a small mansion in Shropshire.

But in the capital, it will provide you just one reception room and a bathroom in Kensington, not far from Hyde Park.

Estate agents Foxton, which covers London and the South East, puts the average property price in the capital at 1,178, 760. The average price of a flat is 1,061,106 while a typical house will sell for 2,482,459.

The seven-figure price tags put the properties out of the reach of many would-be homeowners. But those willing to look further afield and who dont need to commute could become lord of a magnificent country manor for a fraction of the price of a simple apartment in the capital.

And estate agents in the county say they are seeing an upsurge of interest, with sales generally up more than four per cent.

According the latest statistics, the average property price in Shropshire is a comparative snip at 202,452. The average detached house fetches 265,4676 while a semi goes for 164,258.

Flats, on average, sell for 129,3200 while terraced houses are 155,255.

Tim Main, head of sales at estate agents Balfours, said he is seeing more inquiries from the capital, adding: It is all about the way of life people want to lead. If they want to work 14 hours-a-day and at a high-speed pace, they choose London, if they can afford it. That contrasts with Shropshires beautiful, rolling countryside.

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London buyers keen on Shropshire country homes