The average asking price for a home in Britain is about £378,000 - but the type of home that buys you in different places around the country can be very different. 

For those who are looking to get the most for their money, property website Rightmove has pinpointed the locations where that average price translates into the biggest property.  

In one area, £378,000 can buy you a five-bedroom detached home - but in other parts of the country it will only stretch to a studio flat. 

The place which had the best value for money was North Lanarkshire, Scotland, where buyers can snap up a five-bedroom detached house for about £376,052. 

Buyers looking for their budget to stretch further should also consider East Yorkshire, where five-bedroom terraced houses are available for around £337,642, according to Rightmove. 

In locations such as Liverpool, Kirklees and South Tyneside, sizeable houses are also up for sale for the national average asking price of around £378,000. 

Buyers will also see their budget stretch further when buying in locations such as Leicester, where according to Rightmove, it is possible to buy a four-bedroom semi-detached house for £377,173. 

Worcester in the West Midlands is another strong option for buyers looking for their budget to stretch further. Here you can find four-bedroom semi-detached houses listed for about £377,175, Rightmove said. 

Where your money stretches the least  

In London and the south east of England, buyers will see their budget stretch less, meaning they will typically end up with a smaller home. 

In fact, areas in London comprise all of the top 10 locations where people's budget stretches the least across Britain.  

According to Rightmove's analysis, around £357,556 will generally get a buyer a studio in Tower Hamlets, London. 

In London locations such as Lambeth, Hackney, Southwark, Camden, Wandsworth and Islington, a budget of between around £302,000 to £357,000 will usually only stretch to a studio. 

In Richmond Upon Thames, a budget of about £362,322 will typically get a buyer a one-bedroom flat, Rightmove said. Meanwhile, in Haringey, London, a budget of £362,322 will stretch to a one-bedroom flat.  

Colleen Babcock, Rightmove's property expert, said: 'Buyers are weighing up value more carefully in the current market, and this analysis shows just how much variation there can be in what the same budget buys in different parts of Britain. 

'For some movers, the price of an average home could mean a flat in a more expensive city market, while in other areas it could stretch to a much larger family home.'

She added: 'Affordability remains a key driver of buyer behaviour, and many movers are taking the time to compare what they can get for their budget before making a decision.'

Nathan Emerson, chief executive of estate agent membership body Propertymark said: 'Many buyers aren’t only comparing house prices, even though affordability remains one of the biggest deciding factors. 

'They’re also balancing employment opportunities, commuting times, schools, transport links and the lifestyle that different locations can offer.'

He added: 'More buyers are widening their search areas as flexible working and improved transport links make it easier to prioritise space and affordability. 

'This is creating fresh opportunities in markets that offer greater value, while reinforcing the importance of local market knowledge when making one of the biggest financial decisions of a person’s life.'

Young buyers willing to sacrifice plush neighbourhood 

One in five young buyers is willing to move more than 25 miles away from where they live to get on or move up the property ladder, research by Barclays published this month showed.

The analysis showed that young buyers, often first-time buyers, were more willing to sacrifice a high-quality and safe neighbourhood if it meant they could buy a cheaper home. 

Price was the most important factor for 18 to 29 year-olds looking to buy a home, while just 17 per cent prioritised the safety of the neighbourhood.

Meanwhile, older buyers (aged between 62 and 80) were more likely to accept a property in a worse condition if it meant they could get it more cheaply. 

They were not willing to settle for second best when it came to the garden, however, with just eight per cent saying they would sacrifice outdoor space for affordability.  This was compared to 18 per cent of 18 to 29 year-olds.  

Jatin Patel, head of mortgages, savings and insurance at Barclays, said: 'Adaptability has become the hallmark of the modern buyer. 

'First-timers remain constrained by affordability but will be flexible to achieve their goals, making trade-offs on location or property features to get on the ladder.'

What sort of homes can you buy?

1. Five-bed bungalow, Wishaw, Scotland

For offers over £389,995, a buyer can purchase a five-bedroom detached bungalow in Wishaw, Scotland. 

The freehold property is located on a sought-after road and has been immaculately renovated throughout. There is even underfloor heating in the kitchen. 

The property spans more than 2,500 sq. ft. and comes with a jacuzzi outside in the garden. 

2. Five-bed house, Billingham, County Durham

This five-bedroom semi-detached house in Billingham is on the market for £325,000. 

It has a large driveway with ample parking space and gardens at the front and rear, including a summer house and entertaining area.