Cheapest Areas to Buy Homes in Britain
England - United Kingdom -
Property prices in Britain have seen a significant rise recently, but there are still several areas known for their affordability. Among these areas, Sheldon in County Durham stands out, ranking first on the latest list of budget-friendly real estate properties.
It's worth noting that British families with average incomes were expecting to spend up to four times their combined salary to buy a house this year. However, this doesn't apply to some low-cost housing areas in northern England and Scotland. We'll detail these areas for you in this article.
The Top 10 Cheapest Areas to Buy a House in Britain:
Middlesbrough, North Yorkshire
The average house price in Middlesbrough, North Yorkshire, is approximately £54,978. Middlesbrough recently earned the title of the cheapest place to live in Britain. Located on the banks of the River Tees, it's about a 20-minute drive from the coast. Affordable homes are available both in the city and countryside, with prices in the TS3 area reaching £80,958.
Bradford, West Yorkshire
The average house price in Bradford, West Yorkshire, is around £60,000, with homes on the slopes of Bennin Hills averaging £58,673. These prices make Bradford an ideal place for first-time homebuyers, boasting natural beauty and numerous historically elegant Victorian-style buildings.
Sunderland, Tyne, and Wear
The average house price in Sunderland is approximately £65,000 in the SR1 postal area. This price is suitable for those wishing to live in the vibrant city centre, surrounded by the beautiful charm of Sunderland's coast and ample green spaces, making it a preferred choice for many new buyers in the UK.
Grimsby, North-East Lincolnshire
The average property prices in the postcode area (DN31) of North East Lincolnshire reach around £71,105. Meanwhile, the average prices in the postcode area (DN32) see a slight increase, reaching £97,652. Grimsby is known for its unique historical charm, making it a distinctive residential area.
Shildon, Durham
This area is characterized by its reasonable prices and is located in County Durham. The average property price here is around £73,637. Shildon is ideal for those who love quiet places, and it's only a short drive from Middlesbrough.
Peterlee, Durham
Peterlee is the second city in County Durham to make our list of the top ten cheapest places to buy properties in Britain. The average property price in the postcode area (SR8) is approximately £85,274. In addition to its low property prices, it's popular for its colorful architecture reminiscent of Mexican-style buildings, earning it the nickname "Mexico City" among residents.
Stanley, Durham
The average house price in Stanley is around £91,391. The city was formerly known for its mining industries and coal mines. Despite its proximity to Newcastle, residents enjoy the quiet atmosphere and fresh air."
Lancashire, North West England
The average property price in the postcode area (BB11) of Lancashire, North West England, is approximately £91,516. Lancashire County is particularly popular due to its proximity to vibrant cities such as Liverpool, Manchester, and Leeds. It attracts tourists and local residents alike because of its splendid heritage dating back to the Middle Ages.
Liverpool, Merseyside
Some affordable homes can be found in the postcode areas (L5) and (L20) in Liverpool, where the average house price is around £91,793. Besides being home to the famous Liverpool Football Club and the birthplace of The Beatles, the area is known for its demographic diversity, rich cultural scene, and deep-rooted history. Despite rising property prices in many neighborhoods, finding homes below the overall average is still possible.
Keighley, West Yorkshire
The average property price in the postcode area (BD21) in the town of Keighley is approximately £91,833, making it one of the cheapest areas for first-time property buyers. Situated in the city of Bradford, Keighley boasts picturesque landscapes and is traversed by an old railway line, making it one of the most affordable and beautiful areas, offering reasonably priced homes.
The Cheapest Places for Student Accommodation
In addition to being one of the cheapest places to buy properties in Britain, Durham County also offers low rental rates, making it an ideal location for students studying at Durham University. The average rent for a one-bedroom apartment is £650 per month. Rental fees outside the cities decrease significantly, averaging around £350 per month."
