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Most affordable places to buy a house in the UK

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28th Apr 17 9:23 am

You too can be a home owner

Kingston-upon-Hull is the most affordable city in Britain with 92 per cent (91.9 per cent) of properties currently for sale at prices less than the UK’s average house price, according to research by online estate agents HouseSimple.com

Only three other towns (with more than 150 properties listed for sale) have more than 90 per cent of properties for sale, at asking prices below the UK average. They are Birkenhead (91.8 per cent), Kilmarnock (91.8 per cent) and Middlesbrough (90.2 per cent).

The following table shows the most affordable UK towns and cities ranked in order of the number of properties for sale that are below the average house price in the UK:

Town/City Region Total no. properties for sale No. of properties below £100k per cent below £100k No. of properties below UK average*

per cent

below average house price

Hull Yorkshire 1063 530 50.0 per cent 977 91.9 per cent
Birkenhead North West 268 147 54.9 per cent 246 91.8 per cent
Kilmarnock Scotland 202 106 54.6 per cent 182 90.1 per cent
Middlesbrough North East 662 320 48.3 per cent 596 90.0 per cent
Burnley North West 589 291 49.4 per cent 524 89.0 per cent
Grimsby Yorkshire 295 169 57.3 per cent 261 88.5 per cent
Bradford Yorkshire 1383 625 45.2 per cent 1220 88.2 per cent
Wigan North West 437 159 36.4 per cent 384 87.9 per cent
Neath Wales 754 318 42.2 per cent 656 87.0 per cent
Blackpool North West 1328 515 38.8 per cent 1155 87.0 per cent
Stoke W Midlands 1327 583 43.9 per cent 1144 86.2 per cent
Sunderland North East 622 312 50.2 per cent 530 85.2 per cent
Merthyr Tydfil Wales 256 146 57.0 per cent 216 84.4 per cent
Darlington North East 488 239 40.0 per cent 410 84.0 per cent
Doncaster Yorkshire 857 306 35.7 per cent 720 84.0 per cent
Scunthorpe Yorkshire 335 111 33.1 per cent 281 83.9 per cent

At the other end of the affordability chart, London, not surprisingly, is the least affordable city in the UK. But there are five other locations where under 10 per cent of properties currently for sale are listed at less than the average UK house price. In Bath, just 6.8 per cent of properties being marketed are priced lower than the UK average.

The following table shows the least affordable UK towns and cities ranked in order of the number of properties for sale that are below the average house price in the UK:

Town/City Region Total no. properties for sale No. of properties below £100k per cent below £100k No. of properties below UK average*

per cent

below average house price

London London 25000+ 151 0.6 per cent 1037 4.2 per cent
Bath South West 381 5 1.3 per cent 26 6.8 per cent
Guildford South East 271 1 0.4 per cent 19 7.0 per cent
Crawley South East 362 1 0.3 per cent 32 8.8 per cent
Tunbridge Wells South East 299 3 1.0 per cent 27 9.0 per cent
Brighton South East 632 4 0.6 per cent 60 9.5 per cent

Alex Gosling, CEO of online estate agents HouseSimple.com said: “The lack of affordable properties in the UK has become a recurring theme as house prices have continued to rise. So, it will probably come as a surprise to many people, that there are still major towns and cities where almost every property for sale is below the UK average house price.

“Average salaries in these areas may still restrict people from buying a property but at least there’s a pool of properties that someone with a small deposit could afford. And towns such as Hull and Grimsby offer hope to the many first-time buyers trying to climb on the property ladder, with more than half of the current stock on the market below £100,000.

“The picture is very different in the south of England and Bath and Brighton are classic examples. Both are extremely popular cities, particularly for Londoners wanting to move out and enjoy a better quality of life. But prices have rocketed as a result and moved away from many buyers. Less than 10% of properties in these cities are below the average UK property price, and properties under £100k are almost extinct. First-time buyers, unless they have help from parents, are facing the prospect of holding off buying until well into their 30s, if at all.”

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