House prices: The 10 cheapest places to buy a house in Manchester amid 'property boom'
PROPERTY does not come cheap but some areas are more affordable than others. Manchester has seen a surge in houses being built in recent years. Where are the cheapest areas to live in the city?
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Manchester is one of fastest-growing cities in the UK for housing developments. With more people moving to the city, they might be looking to grab an affordable property. These are some of the cheapest areas to live in Manchester according to research by Zoopla.
In recent years, Manchester has become one of the UK's fastest developing cities. in many areas.
With more industry being based in the city, the demand for property has rapidly increased.
It has been reported that the population in the city could double in the next five years.
When moving to the area, homeowners will consider factors such as location.
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Getting the most for their money is also a huge factor for those buying a property.
Buying a two to three bedroom property could set buyers back by around £176,512.
Research by Zoopla in 2019 compiled the average house prices in areas across Manchester.
It has shown which postcodes are the most affordable in the city and what areas fall under each one.
Ten most affordable postcodes in Manchester
1. OL8 - Bardsley, Oldham - £90,330
2. OL1 - Chadderton, Higginshaw, Oldham - £92,205
3. M38 - Little Hulton - £94,472
4. M18 - Abbey Hey, Gorton - £101,599
5. M9 - Harpurhey, Blackley - £105,058
6. M12 - Ardwick, Longsight, Chorlton-on-Medlock - £109,754
7. M11 - Clayton, Openshaw, Beswick - £110,323
8. M40 - Collyhurst, Miles Platting, New Moston, Newton Heath - £111,324
9. OL7 - Ashton-under-Lyne - £111,569
10. OL6 - Ashton-under-Lyne - £112,802
The house prices in the most affordable postcodes are all much lower than the average cost of a house.
This could be ideal for those hoping to bag a bargain when moving to Manchester.
Property prices in the UK have continued to change as a results of the coronavirus crisis.
However, the number of Britons buying and selling increased in July as demand starts to increase again.
This could have been helped by the stamp duty freeze introduced by the government in July.
The initiative was set out by chancellor Rishi Sunak and has made it more affordable for buyers in some parts of the UK.
Homeowners do not need to pay stamp duty on the first £500,000 of all property sales in England and Northern Ireland until March 31, 2021.