Strong stock of 3-bed homes

Three-bedroom homes are the most commonly available properties on Britain’s housing market, accounting for more than a third (35.1%) of all listings

This means there’s plenty of choice in that area, but it’s trickier for those wanting to upsize or downsize, research has revealed from eXp UK, the platform for personal estate agents, has revealed.

A sizable chunk of the market is also taken up by two beds (28.8%), with 4-beds accounting for 17.8%. When it comes to 1-bed (8.8%), 5+-bed (7.2%), and studio (2.3%) homes, scarcity levels have increased.

Adam Day, head of eXp UK, said: “3-bed homes are the perfect match for many first-time buyers. They provide a bed for the parents, a bed for the kid, and then a spare room for guests or office use. House builders are aware of this so they make sure to keep the market well-stocked with properties they’re confident will be met by high demand.

“But as a consequence of this, it seems there’s a good chance that homeowners will be trapped at this 3-bed level. For those who need to upsize, 4-beds account for as little as 11% of listings, while 5+-beds seem to be incredibly scarce.

“But also those who want or need to downsize could be facing a tricky challenge with stock levels depleting as homes get smaller. 2-bed availability drops as low as 25% while 1-beds are fast becoming gold dust, making up little more than 3% in some British regions.

“This also creates a difficult environment for single first-time buyers who only need, and can often only afford, a 1-bed home with which to get a foot on the ladder.

“Maybe our national housing market is biassed towards those who have coupled-up and sired offspring? But if we want to encourage downsizers, in particular, in order to free up larger homes, we need to have an appropriate level of stock to tempt them with in the first place.”

On a regional level, 3-bed homes are the most common across nine of 11 British regions, with the highest regional proportion found in the East Midlands where they account for 43.1% of available stock.

Only London and Scotland go against the grain when it comes to availability of property stick and in both regions it’s 2-beds which are most readily available.

For buyers who are looking for a studio home, their best chance of finding an appropriate property comes in Scotland where they currently account for 4.5% of available listings.

1-bed buyers are advised to search in London where they make up 19.6% of listings, and the capital is also home to the highest regional proportion of 2-bed properties (36.1%).

For the best chance of finding a 4-bed home, head to the East of England where they make up 21.1% of the market.

And if you’re in need of a home with five beds or more, the South East offers the best level of stock at 8.3%.