Are you looking to take your first step onto the property ladder or expand your portfolio without breaking the bank?
The UK offers a variety of cities and towns where you can find budget-friendly properties that won’t drain your savings and will provide a suitable long-term asset.
Here are the top 10 affordable places to buy property in the UK.
Burnley, Lancashire
Average House Price: £142,608
Population: 94,721
Nestled in the heart of Lancashire, Burnley offers a range of affordable housing options. With picturesque countryside nearby and easy access to the larger cities of Manchester and Leeds, it’s an ideal spot for those seeking tranquility without sacrificing connectivity.
Middlesbrough, Teesside
Average House Price: £150,671
Population: 148,215
Located on the banks of the River Tees, Middlesbrough is known for its affordability and strong sense of community. The town has undergone regeneration in recent years, making it an appealing option for budget-conscious homebuyers.
Stoke-on-Trent, Staffordshire
Average House Price: £172,974
Population: 256,127
Famous for its pottery industry, Stoke-on-Trent offers affordable housing and a rich cultural heritage. The city boasts green spaces, and museums, and sits in the middle of Birmingham and Manchester, an hour’s train ride either way.
Kingston upon Hull, East Yorkshire
Average House Price: £118,249
Population: 261,149
Hull, often overlooked, is a port city in the North East with a thriving arts and cultural scene, as well as a maritime history. In recent years, there has been somewhat of a tech surge in the city. Affordable housing options are abundant here, and its waterfront developments add to the city’s charm.
Dundee, Scotland
Average House Price: £123,618
Population: 149,680
Scotland’s fourth-largest city, Dundee, is known for its affordability and its burgeoning tech and gaming industry. With a picturesque waterfront and a thriving cultural scene, it’s an attractive destination for property buyers.
Barnsley, South Yorkshire
Average House Price: £179,847
Population: 96,888
Nestled in South Yorkshire, Barnsley offers a blend of urban amenities and rural charm. It’s a budget-friendly choice for those seeking affordable homes in a picturesque, hillside setting.
Swansea, Wales
Average House Price: £197,986
Population: 246,217
Overlooking Swansea Bay, this coastal city in Wales combines affordability with stunning natural beauty. You can enjoy the beach, lush parks, and a thriving arts and culture scene, all while finding reasonably priced properties.
Sunderland, Tyne and Wear
Average House Price: £166,175
Population: 275,506
Located on the northeast coast, Sunderland offers affordable housing and a strong sense of community. The city’s redeveloped waterfront and cultural attractions make it a hidden gem for property buyers.
Blackpool, Lancashire
Average House Price: £159,372
Population: 140,900
Famous for its iconic seaside attractions, Blackpool is an affordable coastal town in Lancashire. With its world-renowned Pleasure Beach, illuminations, and stunning seafront, it’s a unique place to find reasonably priced properties, whether for a seaside getaway or investment.
Preston, Lancashire
Average House Price: £168,378
Population: 147,617
In the heart of Lancashire, Preston offers budget-friendly housing options and excellent transport links. The city is known for its historic architecture, parks, and vibrant arts scene.
Whether you’re a first-time buyer or an investor, these budget-friendly locations provide a chance to own property without a prohibitive price tag.
Keep in mind that while these cities are known for their affordability, it’s essential to research thoroughly and consult with local real estate experts before making any property investments. Happy house hunting!