There has been a huge rise in the number of £1 million homes in the UK – in fact, the Times reports that 1 in 42 houses across Britain are now worth £1 million or more.
This isn’t just in London either, as 80% of new owners of million-pound houses in the past year are found elsewhere in the country.
According to the Times article above, a lot of the most dramatic property price rises have been outside London in holiday or tourist hotspots. Cornwall, for example, has seen a 57% increase in the number of people that own million-pound homes.
From Scottish castles to idyllic farmhouses, read on to find out what £1 million will buy you across the UK.
Scotland
If you’ve always dreamed of living in a castle, but thought it was a pipe dream, you can now realise that ambition for the price of £1,000,000.
North College House is a Grade B-listed home in the centre of Elgin. A castle in all but name, the property was originally built in the 16th century, though some parts of the property date as far back as the 13th century.
The property offers spacious living areas, including five living rooms, five double bedrooms, three en suites as well as a stylish main bathroom, a family kitchen and a home office. While the home still retains its history, the interior has been updated to have modern functionality – you can really get the best of both worlds with this property.
As well as the main building, North College House includes a fully self-sufficient wing that can form part of the main house or be rented out. The wing offers a further dining hall, four more bedrooms, another home office and a large kitchen.
The area of Elgin is a beautiful part of the country too – it offers several supermarkets, cafes and even the world-famous Johnstons of Elgin woollen mill. While you will be able to experience the wonders of the Scottish countryside, you are still close enough to Aberdeen and Inverness to take advantage of their amenities.
Yorkshire
Yorkshire is renowned for its picturesque views, so where better a place to take in these dramatic sights than in style in a lovely Edwardian house?
Gablehurst, the £1,090,000, 2,959 square foot property set in the peaceful village of Skelton, offers four bedrooms, three living rooms and two bathrooms.
The home has period features throughout, including enticing fireplaces, double-glazed sash windows, high ceilings and even a first-floor balcony. If you like to spend time in the garden then you’re in luck with this property – it has a large garden with trees, lawn areas and terraces.
The property is also in a convenient location; it is only four miles north of York, and just over one mile from the ring road, so you can easily access the city.
Cornwall
If you have ever pictured living by the seaside, this could be your chance. This £1 million, 1,240 square foot home set right on the Cornish coast has easy access to a coastal footpath leading to the beach.
Though the property may be smaller than you might expect for a seven-figure home, it more than makes up for it with its sensational views of the coastline right from the living room window.
The award-winning open-plan beach home offers two bedrooms, two en suite bathrooms and a living room. The lounge even includes a sliding glass door that leads out to decking with dramatic views of Watergate Bay.
This property would be ideal if you’re a surfer or enjoy other activities by the sea; it offers a patio with a warm outdoor shower to wash off any sand and a store for wetsuits or surfboards.
London
By now, everyone must know that there is no shortage of £1 million homes in London. You have a huge variety of choices, but how about a spacious penthouse near the centre of the city?
The 1,123 square foot rooftop property offers two bedrooms, two en suite bathrooms, an open-plan kitchen and a living room. With high ceilings throughout, most rooms in this home have access to a lovely rooftop terrace that spans the entire length of the flat.
The location is what really gives this property its magic – it is situated in Clerkenwell, which has plenty of shops and restaurants to choose from. It is also just a short walk away from the centre of London.
Cumbria
While there can be a buzz about living in the city, some may want to unwind in the picturesque Cumbrian countryside. If this is the case, then a converted farmhouse may be right up your street.
Fellbeck Farm is a Grade II-listed farmhouse originally built in the 17th century and is located just outside the market town of Appleby-in-Westmorland, in the aptly named Eden Valley.
The four-bedroom detached farmhouse is ideal for those who want their own slice of the countryside – it offers seven acres of land, which could be ideal for keeping horses or other animals.
If you’re a keen gardener, the property offers vegetable beds and fruit trees; if you prefer to fish, there is also access to a pond with a stream. This property really does offer it all.
Wales
Wales is a great place to live if you enjoy taking in magical scenery – in fact, 26% of Wales is classed as an “area of outstanding beauty” or a national park, and the country has miles upon miles of striking coastline. There’s no shortage of million-pound properties either.
If you’re a keen golfer, this £1,000,000 property located on the outskirts of Cardiff would be perfect for you – the rear garden of this home is connected to Cardiff golf club, meaning you won’t have to travel far for a game.
There are four large bedrooms, three bathrooms, a spacious lounge, a kitchen and even a pantry on offer in this detached home. It also comes with exquisite period features such as woodblock flooring dado rails, coved ceilings and, believe it or not, stained-glass windows.
The Llanishen and Lisvane reservoirs – which were created over 100 years ago to supply clean water to Cardiff – are also nearby and offer a scenic location for dog walkers and runners alike. Though the reservoirs may have seen better days, they’re finally being restored to their formal glory and are being refilled; they may even start to offer fishing and sailing in the future, so watch this space.
Get in touch
If you are thinking of scaling up and buying a new home, but aren’t sure how much you can afford, email enquire@london-money.co.uk or call (0207) 808 4120 now to find out more.