Where are the Cheapest Places to Buy a House in the UK?

If you’re in the market for a house and affordability is your top priority, you’re likely wondering where the cheapest places to buy a house in the UK are located.

With property prices varying widely across the country, finding an affordable home can be a challenging yet rewarding endeavour.

Whether you’re a first-time buyer, an investor looking for a budget-friendly opportunity, or simply searching for a cost-effective place to settle down, we highlight the most economical locations to purchase a house in the UK.

House price data from Dataloft shows the cheapest property locations.

Here are the UK towns and cities where you can find the cheapest houses.

Bradford

Bradford stands out as the most affordable city for property purchases, with homes available for under £70,000 in certain areas of the BD1 postcode.

This makes it an attractive option for first-time buyers, renters, and investors.

The city’s housing stock predominantly features period homes from the Victorian era.

In addition, Bradford boasts excellent transport links to Leeds, with a journey time of just 20-30 minutes by train or car.

This is ideal for buyers priced out of the more expensive Leeds market.

Middlesbrough

Two areas of Middlesbrough are among the cheapest places to buy a house in the UK.

In the TS1 postcode, properties start at £71,998, while in TS3, prices begin around £75,143.

This makes Middlesbrough a highly affordable option for those working in the northeast regions of Newcastle and Durham who are looking to enter the property market.

Middlesbrough offers numerous job opportunities and is close to Durham Tees Valley Airport, which is undergoing significant investment and expansion.

The town is also home to Teesside University, making it an attractive area for investing in rental properties.

Grimsby

The average house price in Grimsby is £72,574, making it an appealing option for those seeking affordable housing.

This charming port town boasts a rich heritage and a storied history rooted in the fishing industry.

Its laid-back atmosphere makes it an attractive destination for first-time buyers looking for a more relaxed pace of life.

Additionally, Grimsby’s affordability and serene environment make it an ideal location for home workers who can enjoy the benefits of a slower lifestyle without sacrificing modern conveniences.

Shildon

Located in County Durham, Shildon is known for its attractive property prices, making it an appealing option for homebuyers.

This tranquil town provides excellent links to the heart of Durham, allowing residents to enjoy the benefits of city access without the associated high costs.

Shildon’s location is also near several other major cities and towns, including Darlington, Newcastle, Sunderland, and Middlesbrough.

This makes it an ideal choice for commuters who seek a quieter, more serene lifestyle away from the urban hustle and bustle.

The town’s combination of affordability, convenient transport links, and peaceful environment makes it a desirable place to live for those working in nearby cities.

Sunderland

Situated along the North East coastline, Sunderland offers an appealing blend of affordability and natural beauty.

In the SR1 postcode, properties are available for around £81,610, making it an attractive option for homebuyers.

The town boasts excellent transport links to Newcastle, accessible via metro or car, ensuring easy commutes and connectivity.

Sunderland’s coastal setting makes it an ideal location for those who appreciate nature and outdoor activities, with numerous parks, beaches, and scenic trails nearby.

This combination of affordable housing, convenient transport, and abundant natural beauty makes Sunderland a perfect choice for individuals and families seeking an active, outdoor-oriented lifestyle.

Ferryhill

Also situated in County Durham, the average house price in Ferryhill is just over £82,000.

This charming town is conveniently situated near Durham and Darlington, offering easy access to these bustling cities.

Additionally, its close proximity to the A1 ensures excellent connectivity for commuters.

Ferryhill’s strategic location provides residents with the best of both worlds: strong community ties and picturesque countryside views.

The town’s appealing combination of lower property prices, convenient transport links, and scenic surroundings makes it an ideal choice for those looking to balance affordability with a high quality of life.

Liverpool

Liverpool’s LS2 postcode stands out as the city’s most affordable area, with property prices starting from just over £85,000.

Renowned for its rich cultural diversity, Liverpool offers a vibrant lifestyle that caters to a wide array of interests and preferences.

While the property market in Liverpool is on an upward trajectory and gaining popularity, there remains a fantastic opportunity for prospective buyers to secure affordable homes.

The combination of accessible pricing and the city’s unique cultural offerings makes Liverpool an attractive destination for homebuyers and investors alike.

Despite the increasing demand, LS2 provides a valuable chance to invest in property without breaking the bank.

Peterlee

Peterlee, located in County Durham, is another location that contains some of the UK’s cheapest properties.

With starting prices of just over £86,000, it presents an excellent opportunity for both investors and first-time homebuyers looking to enter the property market.

Peterlee is surrounded by picturesque countryside and abundant woodland areas, making it perfect for those who enjoy walking, hiking, and outdoor activities.

The town also has excellent transport links to several key areas such as Durham, Sunderland and Newcastle.

This combination of affordability, natural beauty, and convenient connectivity makes Peterlee a highly attractive option for prospective property buyers.

Finding affordable housing in the UK requires a careful balance between budget, lifestyle preferences, and future growth potential.

While certain regions may present lower initial costs, it is crucial to consider factors such as local amenities, employment opportunities, and long-term investment prospects.

Researching market trends, leveraging local expertise, and exploring various financial options can significantly enhance your chances of making a sound investment.

Ultimately, a well-informed decision, tailored to individual needs and circumstances, will yield the best results when searching for an affordable home in the UK.