Oxford has taken fourth place as the UK city with the most dramatic house price increase, new research has revealed.  

A new study from ElectricalDirect has discovered how much less house you now get for your money.

The research was undertaken by looking at the decline in house sizes over the years, predicting the 2025 cost based on the rate of increase.

ElectricalDirect also calculated how many homes for the price of 1970 could you afford to buy at today's current prices, as well as how big those houses would be.

293 cities across England and 54 across Scotland and Wales were compared.

The research found the average house price in Oxford has increased by 64 per cent over the last 10 years and now stands at an average cost of £428,294.

Southend-On-Sea was the area with most dramatic increase, with a 68 per cent increase an average house price of £287,717.

Across England, the average house price has increased by 171 per cent since 1980.

In 1980 homes cost and average of £18,377 but now a buyer is expected to pay an average of £247,898.

The research also found that Blackpool, Middlesbrough and Sunderland were the areas with the best value for money properties.

The average home in Blackpool set to cost just £138,680 in 2025.

On the other hand, the research also revealed that while house prices may be going up, sizes are going down.

In 1980, on average UK houses boasted 75 sqm of space, but in 2020, the average house size is now at around 67 sqm, which is an average decrease of 18.61 per cent.