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According to the ONS, the median size of a UK house is 99 m 2. CostModelling.com's data shows the average cost to build a terraced house is £1,480/ m 2. So, if we multiply this by 99, we get a total of £146,250. Then, we must multiple this total by the inner London regional weighting. So, £146,250 X 118% = £172,575.


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