Most Affordable Areas To Purchase A Property For First Time Buyers
The time has come for you to make your move onto the property ladder and purchase your first home. Exciting times ahead! But have you considered where would be best suited for you and your requirements?
We look at some of the most affordable areas for first-time buyers to purchase a property in. According to Ideal Home, the following are the top 10 most affordable areas for first-time buyers to consider, based off Zoopla’s average house listing:
Sunderland – Average 15% house deposit cost £21,665
Barnsley – Average 15% house deposit cost £22,032
Birkenhead – Average house cost £109,041
Blackpool – Average house cost £120,774
Hartlepool – Average house cost £122,375
St Helens – Average house cost £124,644
Middlesbrough – Average house cost £134,768
Gateshead – Average house cost £134,825
Bradford – Average house cost £140,076
Stockton-on-Tees – Average house cost £144,389
Purchasing a property will be one of the biggest things you do in your life, so it’s vital that you take the time to look around and try to bag yourself the best deal possible.
Most affordable cities to live in England:
Liverpool – average house costs £121,000
Newcastle – average house costs £127,000
Sheffield – average house costs £138,000
Nottingham – average house costs £158,000
Most affordable cities to live in Scotland:
Glasgow – average house costs £118,000
Aberdeen – average house costs £143,000
Edinburgh – average house costs £232,000
Most affordable cities to live in Wales:
Cardiff – average house costs £210,000
Most affordable cities to live in Northern Ireland:
Belfast – average house costs £137,000
What do these findings mean for potential home buyers?
It is important to understand that these areas may not be suitable to all budgets. However, if you were considering purchasing a property, then now may be a very opportunistic time to make the move. The market is unpredictable, so it’s always a good idea to take advantage of certain peaks and dips that present themselves, depending on whether you’re looking to purchase or sell a property.
More advice for first-time buyers
- Effective Ways To Save For A House Deposit
- The First Time Buyers Guide To IKEA
- Buying A Home: House Viewing Tips
How can GWlegal help?
At GWlegal, we have decades of experience in property law. Our friendly team of property professionals are just a phone call away!
Who are GWlegal?
If you have a legal matter you wish to discuss don’t hesitate to get in touch. You can call us on 0345 373 3737 email us firstname.lastname@example.org with your question.
Who are GWlegal? We’re a national firm with local values.
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Content correct at time of publication.