There are more million pound homes than ever, so what could you get for your money? Read more: http://www.dailymail.co.uk/money/mortgageshome/article-2533122/There-million-pound-homes-money.html#ixzz2pLfBl3px Follow us: @MailOnline on Twitter | DailyMail on Facebook
What could a tiny flat and a country estate have in common? These days both could come with £1million price tags.
There has been a huge boom in seven-figure homes across the country, so much so that property sales website Zoopla claims there are now 8,230 UK streets which have at least one house or apartment worth a million or more.
Half are in central London or wealthy suburbs of the capital, but just over 4,000 of them are across the rest of the UK.
Million pound mansions: What can you get for your money?
Estate agency Hamptons International says 9,700 £1 million-plus homes were sold in 2013.
That is 10 per cent above the previous record, set in pre-credit crunch 2007.
Central London dominated the Million Market in 2013 (Fulham alone had 335 £1 million-plus sales) but almost every region of the UK also saw a large growth in such deals.
One reason behind the surge is that wealthy buyers are less reliant on borrowing than the rest of us.
They continued buying and selling when mortgages were hard to get.
Another reason is that in London and the South-East, where many £1 million-plus homes are located, prices have been rising in recent years even though elsewhere they have fallen.
This week, website Primelocation is advertising 9,600 houses and 3,100 flats with seven-figure price tags in England alone.
Experts advise that buyers should play clever.
‘If a home is on sale at just over £1 million, haggle the price down to something like £975,000. That way you avoid five per cent stamp duty, which kicks in as soon as you pay over £1 million,’ says Giles Warren, a Bristol-based buying agent.
'If you have a choice about where you live, think hard. A price tag of £1million gets you little more than a bedsit in parts of London, but a huge house and grounds in other areas .
We look at what buyers can expect to pick up for £1million across the country.
Retreat: This 18th-century farmhouse is on sale for £1million withJackson- Stops & Staff
East Anglia
Cambridge has eight of eastern England’s ten dearest streets clustered near the university, where you will pay £1million or more for a four-bedroom house.
‘The market for £1million-plus homes had been quiet for several years but took off in 2013,’ says Mark Oliver of Savills in Cambridge.‘We anticipate more in 2014.’
Midlands
There are a few streets in Solihull and Leicester which have average prices above £1million while market towns in Gloucestershire have one-off seven-figure homes.
A honey-coloured 17th century vicarage in a pretty Cotswolds town like Broadway will cost £1million but it will be good value, typically you will get a whopping 5,000 sq feet.
North of England
Though there have been overall falls in prices in the North of England, there are still £1million home enclaves, such as Yorkshire’s Golden Triangle linking Harrogate, York and Leeds.
Houses here have long fetched premium prices, and today a four-bedroom semi in Harrogate town centre costs a cool £1 million.
Macclesfield in Cheshire, favoured by Premier League footballers, has some streets with average house prices nudging £2 million. Further north, Newcastle has £1million-plus family homes in its Gosforth and Ponteland suburbs.
South-West
The most popular coastal towns and villages - St Mawes, Padstow and Rock in Cornwall and Dartmouth, Salcombe and Topsham in Devon - each boast several seven-figure homes. Inland, on Dartmoor, a 19th century granite family house at Chagford (near the home of Jennifer Saunders and Adrian Edmondson) will set you back £1million to £1.5million.
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