I did put a thumb on the scale by picking &quot;central London&quot; :) UK houses are sold by &quot;bedrooms&quot; without quoting an area, so it&#x27;s hard to find a directly comparable one, but e.g. <a href="http:&#x2F;&#x2F;www.rightmove.co.uk&#x2F;property-for-sale&#x2F;property-55975229.html" rel="nofollow">http:&#x2F;&#x2F;www.rightmove.co.uk&#x2F;property-for-sale&#x2F;property-559752...</a> which would be great to retire to but otherwise a bit of an employment blackspot. That&#x27;s ultimately why people live in the expensive areas: proximity to jobs.<p>(Stoke-on-Trent will sell you a small terraced house for £1 on the condition that you have £30k to fix it. It&#x27;s not exactly Detroit but it has suffered from the collapse of its traditional china plate industry.)