If you want to climb the real estate ladder without saving for years, you can broaden your search.
House prices have risen significantly in the UK (especially in London), but there are some areas that are slightly more affordable than others.
The most recent data from Halifax looked at median home prices in different parts of the country and compared them to typical base salaries to determine property availability.
They found that Inverclide was the most affordable place to buy a home in the West of Scotland, with typical house prices just 3.1 times the median income.
This is very good, especially when compared to places like London, where the average household is almost 10 times your salary.
So what areas are worth studying?
The cheapest place to buy a house
The area and median home price to rate of return: the lower the better.
- Inverclide, Scotland, 3.1
- Dumfries and Galloway, Scotland, 3.3
- West Dunbartonshire, Scotland, 3.4
- North Lanarkshire, Scotland, 3.5
- North East Lincolnshire, Yorkshire and Hamburg, 3.5
- Hull, Yorkshire and Hamburg, 3.6
- Dundee, 3.6
- Eastern Ireland, Scotland, 3.7
- Northern Ireland, Scotland, 3.7
- Stoke-on-Trent, West Midland, 3.8
And if you’re wondering what you’ll get for your money, we’ve reviewed a few two-bedroom homes in each district currently on the market…
2 Bed Townhouse, Greenock, Invar Cliff, Scotland-000 95 000
A wonderful family home with a unique interior (overlooking the gleaming stairs) and stunning views across the hills.
Check it out on Zoopla.
2 Bedroom House with Terrace, Dumfries, Scotland-, 000 90,000
The second most affordable area, here’s a sweet double bed for under £100,000.
Check it out on Zoopla.
End of two-bedroom townhouse in Dumbarton, Scotland – £125,000
The garden is also huge.
Check it out on Zoopla.
Two Bed Townhouse on Last Cotbridge in North Lanarkshire, Scotland – £113,995
Large single-family home with a living room, a spacious and bright entrance hall, a newly fitted kitchen, two double bedrooms and a bathroom.
Check it out on Zoopla.
Double Bed Townhouse, Grimsby, Yorkshire – £88,750
A nice double bed with a long (but a bit small) garden and easy access to both the Grimsby and the Clit.
Check it out on Zoopla.
2 Bed Townhouse, Hull, Yorkshire – £110,000
It is a large new house with a south facing backyard.
Check it out on Zoopla.
2 Bed Townhouse, Dundee, Loti-£150,000
At ,000 150,000, you can not only get this cute double bed, but also a summer house in the garden. You can rent it or turn it into the office of your dreams.
Check it out on Zoopla.
Semi-detached house with double bed, Kilmarnock, East Ayrshire, Scotland – £160,000
A beautiful country house within easy driving distance of Kilmarnock town center and railway station.
Check it out on Zoopla.
Two Bedroom Townhouse, Stephenston, North Iris-£124,000
A modern house with a hallway, lounge, kitchen, 2 bedrooms and a family bathroom.
Check it out on Zoopla.
Double Terrace House, Bentilee, Stoke-on-Trent, West Midlands – £120,000
Equipped with solar panels for sustainable energy.
Check it out on Zoopla.
How long does it take to put down a house deposit?
££
Sunday at that time
Ყ Clear all
Take 10 years to save total money
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Source: Metro
I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.
