The true value of bricks: Are new homes worth their weight in Mars Bars?

 

Like it or not, we are a consumer-led society and like to feel we are getting value for money – so how does this equate in the UK housing market?

New home specialists Stone Real Estate recently carried out some research to look at the cost of a brick for a new-build property using its weight in kilograms against some luxury-end and everyday items.

Unsurprisingly, the cost of a new build property varies across the UK and this translates to the cost of an individual brick.

London bricks make a hole in the wallet

London’s bricks are, of course, the most expensive with Kensington and Chelsea topping the table at £214 for a new-build brick. Westminster is second, where a brick will cost £198 for a new-build and the City of London comes in at £174. Bexley is home to the best value brick in the capital at £64.

The biggest variations are outside London. In Chiltern the average cost of a new-build brick is as low as £19, but in South Bucks, just a stone’s throw away, that brick will cost you £150.

Burnley (£23), North and East Ayrshire (£23 & £29) and Inverclyde (£29) provide some of the cheapest value new-build brick costs in the UK, with the most affordable house prices found in these areas according to the study.

Building bricks

It takes around 5,180 bricks on average to build a new-build property in the UK. The average new-build costs £293,167 and each brick of that equates to £57 and weighs in at 2.7kg, meaning the cost is £21 per kg.

When you examine the cost of a brick per kg compared to daily items such as Mars Bars and crisps or a latte and a Big Mac, you may be surprised to learn that a Mars Bar works out at £12 per kg, a bag of Walkers crisps will cost £18 per kg, coffees and burgers £13 per kg, whilst a big ticket item like a new medium sized car comes to just £14 per kg.

More luxury expensive products highlight the affordability of bricks and mortar at a single unit – take an iPhone 11 which weighs in at a cost of £3,878 per kg.

Bricks and mortar – value for money

New-builds do offer distinct advantages to home buyers, eco-efficient features, new condition and developers offering incentive packages such as helping contribute to legal costs, stamp duty or removals.

Founder and CEO of Stone Real Estate, Michael Stone, comments: “The new-build sector offers far better value for money when compared to existing housing stock and new-build homes also hold their value for much longer.

“While the initial price point may be higher, the average cost of a new build brick doesn’t come in that much more than other day to day items such as crisps, chocolate or coffee when you compare them on a per kilogram basis.”

“The additional benefit is that you also get a house within those bricks and something that lasts far longer than a kilogram of Mars Bars while also providing a return at the end of it, with the latter offering not much more than a stomach ache.

“Of course, it isn’t as simple as getting on the ladder one brick at a time but for those that can knuckle down and save, getting that foot on the ladder is still one of the soundest investments you can make, despite the recent years of consistent house price growth.”

North-south divide

The north-south divide is demonstrated by looking at the price per brick in a new-build across the various regions. While each brick in a London new-build costs around £97 (with the average newly built property selling for £502,228 there), in the north-east this price shrinks to just £37 per brick.

Other top value regions include Yorkshire and the Humber, where bricks for new-builds cost £41 each, dollowed by the north-west of England – a favourite among property investors – where they come in at £44 a brick.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

A strong UK property market: The top 3 indicators

The true value of bricks: Are new homes worth their weight in Mars Bars?

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.