The national average house price in August 2023 is £265,100.
Here's what that money can currently buy in the UK (with some places left over), including an attractive slice of seaside living in the new seaside destination of St Leonard's.
1. three-bedroom, £250,000, North Ayreshire, Scotland
You might expect the interior of this characterful sandstone cottage to be full of period features, but surprisingly, it's the ultimate in modernisation.
To the rear is a spacious, stylish open-plan living, dining and kitchen area, whilst the separate sitting room features a beautiful corner bay window and fireplace for cosy autumn evenings.
The bedrooms are all a good size and there is even a separate study for working from home.
Located just half an hour's drive from Glasgow, this home is priced at £250,000, making it a great bargain.
2. The Linden on the Ouse, York, three-bedroom semi, £250,000
Wake up to stunning views over the fields of the village of Linton on Ouse in York.
Decorated in sandy seaside blues and greens, the home is highly tasteful and showcases traditional style.
The lounge has a cosy fireplace, while the country-style kitchen leads to a conservatory that can be used as a study for the children.
There is an office for working from home and a studio in the garden in case work doesn't involve sitting in front of a computer.
3. Two-bedroom flat in Boroughbridge, North Yorkshire, £259,950
This luxury duplex penthouse flat is located in The Bank House on Bridge Street.
Situated on the banks of the magnificent River Ure and the smaller River Tutt, this duplex penthouse is ideal for young professionals looking for their first home.
professionals looking to buy a home for the first time.
This is an 'upside down' flat with an open-plan lounge/kitchen/dining room (and a handy bathroom) upstairs and two en-suite double bedrooms downstairs.
This is a home with stunning views near Harrogate, one of the best places to live in the UK. What's not to like?
4. 2-bedroom flat, Stratford-upon-Avon, Warwickshire, £260,000
Coming up for sale at auction, this two-bedroom flat in Shakespeare's hometown is located above a shop on Stratford-upon-Avon's Main Street.
The spacious open-plan lounge/kitchen/dining area has fabulous period features including beautiful leaded wire windows, herringbone flooring and a fireplace.
The master bedroom has exposed beams and Tudor style windows and is also en-suite.
With a lease term of 997 years, this flat is ideal for a first time buyer or investment.
5. Stafford three-bedroom house, £260,000
This stunning villa exudes character, charm and a cosy feel.
The property is beautifully decorated with three lovely large bedrooms and is likely to be snapped up quickly.
The spacious lounge with fireplace leads into the country style kitchen/dining room.
Outside the house there is a Mediterranean style courtyard garden, two private parking spaces, a shed and a log store room, all of which
are situated in this lovely countryside setting.