UK's 20 cheapest towns and cities - house prices all under £150k
Topping the charts of the most affordable places in the UK is Burnley.
Buying a house in Britain can be overwhelming at times due to high house prices and increased cost of living. Those looking to invest in a house can look for these 20 towns and cities falling under the local authorities that have houses under £150K.
House prices in the UK can vary significantly depending on factors such as location, property type, size, condition, and local market conditions.
Topping the charts of the most affordable places in the UK is Burnley.
The average property in Burnley was bought for £101,000 in the year to January, according to the latest data from the Land Registry.
It is the cheapest local authority to buy a house in the whole of the country. When you take local salaries into account, it’s also the most affordable.
In Burnley, Lancashire, the average annual income for a full-time employee stands at £30,932. Consequently, the average home in the area is valued at 3.3 times the average salary.
This represents the lowest ratio of house price to income among all local authorities in the UK where data is accessible.
In the year leading up to January, the average selling price for a home in the UK stood at £282,000. In comparison, the average annual full-time salary amounted to £34,963.
This implies that, on average, a house in the UK costs approximately 8.1 times the average annual salary.
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The local authority of East Ayrshire is the next most affordable place to buy a home.
In the year leading up to January, the average property in that area was priced at £129,000, equivalent to 3.6 times the average local salaries.
Following closely behind in affordability was North Ayrshire, where homes averaged £131,000 each, translating to 3.7 times the average salary.
In Hartlepool, the average home came in at £124,000, representing 3.8 times the local salary. Meanwhile, in Aberdeen, the average property costs £137,000, or 3.9 times the local salary.
Similarly, in Hyndburn, Lancashire, the average home was priced at £123,000, also amounting to 3.9 times the local salary.
UK's 20 cheapest places where house prices are under £150K
1. Burnley: £101,000
2. Hyndburn: £123,000
3. Hartlepool: £124,000
4. County Durham: £125,000
5. Inverclyde: £126,000
6. East Ayrshire: £129,000
7. North Ayrshire: £131,000
8. City of Kingston upon Hull: £131,000
9. Blackpool: £133,000
10. Pendle: £133,000
11. Stoke-on-Trent: £135,000
12. Blaenau Gwent: £136,000
13. Sunderland: £136,000
14. Middlesbrough: £136,000
15. City of Aberdeen: £137,000
16. West Dunbartonshire: £137,000
17. North Lanarkshire: £139,000
18. Blackburn with Darwen: £141,000
19. Merthyr Tydfil: £144,000
20. City of Dundee: £146,000