15 Cheapest Places To Live In The UK
- November 16, 2022
Looking for a new home that won’t break the bank? In today’s UK real estate market, finding affordable housing can be a daunting task.
But with careful research and savvy shopping around the property market, there are still some areas where you can find properties well below the national average property price of £263,000.
To help you discover the most affordable areas to live in the UK, we’ve compiled a list of 10 areas where average house prices are under £100,000.
So whether you’re looking for your first home or downsizing to something more manageable, be sure to check out our list of the 10 cheapest places to buy a new home in the UK 2022.
If you’re looking for an affordable place to buy a house in the UK, Shildon in County Durham is the place to be. According to new research by Zoopla, Shildon has been crowned the most affordable place to purchase a house in the UK for the third year in a row.
So what makes Shildon County Durham so affordable? The average household in England can expect to pay four times their combined salary to purchase a home in 2022 – this falls to 1.1 times to purchase a house in Shildon.
The small town Shildon has an average house price of just £71,000, thanks to a dominance of terraced housing. In comparison to the rest of England, where households may anticipate paying as much as four times the average annual income, this is an excellent deal.
The top 10 most affordable areas to buy a home in County Durham include four other villages, with home buyers in these places able to anticipate paying no more than 1.5 times the typical two-earner household salary for a property.
With a thriving local economy and amenities, this charming countryside village is one of the most cheapest areas to buy a home in County Durham. Shildon offers excellent access to major transportation routes, such as the A1 motorway and rail lines, as well as plenty of opportunities for outdoor recreation, Shildon is indeed an ideal place for young families or first-time homebuyers.
A small village located just outside the county’s largest city, Ferry Hill is popular with young professionals and those looking to buy or rent their first home.
With plenty of affordable housing options and a low cost of living, this area offers an excellent combination of rural and urban amenities.
A small market town in the west of the county, Cleator Moor is an ideal spot for those looking to get a little more space at a much lower cost.
With beautiful, unspoiled natural landscapes and easy access to all major transportation routes to London, including rail lines, this area is perfect for anyone looking to buy a property without breaking the bank.
Egremont is a historic market town located in the west of the county, on the edge of the Lake District National Park.
With a wide variety of affordable housing options and plenty of amenities, this area is perfect for first-time home buyers or young professionals.
A small town located on the coast of North Ayrshire, Stevenston is a popular spot for those looking to buy a holiday home or retire by the sea.
With its sandy beaches and beautiful views, this areas offers an excellent quality of life at a cheapest price.
A former mining town located in the east of the county, Peterlee is now a thriving community with a wide variety of affordable housing options. With good access to all major transportation routes to London and plenty of amenities, this area is perfect for first-time buyers or young families.
A small market town located in the east of East Ayrshire, Cumnock is growing fast and offers a wealth of affordable housing options.
With good access to schools, shops, and public transport, as well as nearby natural attractions like the River Ayr and Ayr Forest Park, this area is an excellent choice for young professionals or families.
A thriving market town located in the south of the county, Darlington is an excellent spot for those looking to buy a property without breaking the bank.
With a wide variety of affordable housing options and good access to all major transportation routes, this area is perfect for first-time buyers or
Egremont is a charming little market town located in the west of Copeland, on the edge of the stunning Lake District National Park. With its picturesque natural landscapes and abundance of affordable housing options, this area is an excellent choice for anyone looking to buy a home at a reasonable price.
Whether you’re a young professional looking for easy access to the city centre, or a family in search of outdoor recreation and beautiful scenery, Egremont has something for everyone.
Irvine is a thriving market town located in the north of North Ayrshire. Known for its excellent schools, charming historic center, and affordable housing options, this area has long been a popular choice for young professionals or families looking to settle down.
Whether you’re searching for an investment property or somewhere to call home, Irvine has something for everyone
London is one of the most expensive cities in the world, but there are still some affordable neighborhoods if you know where to look.
Here are the top 10 most affordable boroughs in London, based on house average price and price to earnings ratios if you want to be on the property ladder this year.
The affordability of homes in this London borough makes it an ideal location for first-time buyers. The average house price here is around £345, 011 (according to Rightmove) significantly less than the overall city level and all its regeneration projects make Barking possibly one place to invest early on your property ladder journey.
Croydon is a London hotspot that’s growing in popularity thanks to the competitive house prices and just 15 minutes travel time into town. The average property price to salary or earnings ratio is ranging between 10.4 in Croydon in 2022.
The average price for flats is £294,256, while semi detached properties fetched £546,510.
With an expanding range of flats, new developments are set for release soon so watch this space!
Haringey is a borough with great opportunities. It’s not only rich in history and culture, but also has some affordable houses for those who are looking to move out of London or upgrade their current home. The average house price in Haringey is around £721,717 for 2021 and 2022.
The perfect place for young professionals and students, Enfield offers reasonable house prices with fantastic transport links and few miles away to the city capital. There’s also green spaces to enjoy as well an interesting hidden history that you won’t find anywhere else!
The average prices for detached is £744,341, while semi detached properties is £588,716.
Enfield is a hidden gem with all the reasons why people would want to live there. The south London Sutton reasonable house prices, fantastic transport links and green spaces make it easy on your wallet while also providing you plenty of entertainment in this fast-paced world we live in today.
This London borough is perfect for young families as it’s one of the most affordable areas few miles away from the city. It also has great transport links, with London Bridge, Cannon Street and Charing Cross all within easy reach.
The average prices for detached is £950,150, while semi detached properties is £706,383.
Newham was found to be the most inexpensive London borough in 2022, with an average property house price of £424,350 for houses according to Rightmove. It’s also well connected, with London City Airport and the Docklands Light Railway making it easy to get around.
Greenwich is a south east London borough that gave its name to the Greenwich Mean and Greenwich Median, two timekeeping systems. Residents enjoy the best of both worlds here, with city convenience alongside rural beauty.
According to Zoopla, the average current asking price of property in Greenwich in 2022 is £514,987 which is much cheaper than the average for London.
Tower Hamlets is one of London’s most vibrant and diverse boroughs. It’s home to some of the city’s most iconic landmarks, including the Tower of London and Canary Wharf, as well as being one of the most affordable areas to live in.
The London Borough of Bexley has been named as the cheapest place to buy a new build property in the country, with an average price tag just over three times less than that found across UK’s borders. With London just a stone’s throw away, this is perfect for those who want to enjoy all the benefits of city living without the price tag.