17 towns where you can buy a flat for under £80,000

by Jonny Stevens on 18th June 2019

There are 17 towns and cities in the UK where it’s possible to buy a flat for less than £80,000, which is just under three times the average UK salary*, according to research by Housesimple.

We looked at the latest Land Registry figures** for flats sold recently in major UK towns and cities, to find where the best value areas are for buyers looking to climb onto the first rung of the property ladder.

Not surprisingly, the north-west and north-east came out on top, with Burnley offering the best value for buyers. The average sold price of a flat in Burnley was just £54,161, the best priced anywhere in the UK. Hartlepool (£57,659), is the only other town where the average price of a flat was under £60,000.

And 18 out of the 20 most affordable towns or cities in the UK to purchase a flat were located in the north of England. Stoke-on-Trent and Mansfield, both in the Midlands, were the only towns outside the north that featured in the list.

There are no towns or cities in the south of England where the average sold price of a flat was less than £100,000 according to the latest Land Registry figures. Swindon offers the best value in the south, with the average price of a flat under £150,000 at £140,847.

In London, there are three boroughs where the average price of a flat is under £250,000 - these are Havering (£232,536), Barking and Dagenham (£234,655) and Bexley (£239,366). Kensington and Chelsea was the only borough where the average sold price of a flat was over £1 million.

The following table shows the most affordable 20 towns and cities in the UK, in terms of the average sold price of a flat:

Town/City

Region

Average price of a flat (£)

Burnley

North West

54,161

Hartlepool

North East

57,659

Middlesbrough

North East

63,100

Durham

North East

63,638

Blackpool

North West

67,670

Preston

North West

74,084

Barnsley

Yorkshire & the Humber

74,640

Stoke-on-Trent

West Midlands

75,104

Sunderland

North East

75,883

St Helens

North West

75,946

Wigan

North West

76,577

Blackburn

North West

76,641

Mansfield

East Midlands

76,973

Rochdale

North West

79,029

Carlisle

North West

79,600

Doncaster

Yorkshire & the Humber

79,806

Darlington

North East

80,142

Rotherham

Yorkshire & the Humber

80,801

Hull

Yorkshire & the Humber

81,054

Stockton-on-Tees

North East

81,492

Sam Mitchell, CEO ofHousesimple, comments: “The north of England continues to offer great value for money across the board; whether you’re a first time buyer looking for a starter flat, to families looking for that forever home.

“With plenty of stock coming onto the market at affordable levels in the north west and north east, at prices that are just three or four times the average UK salary, home ownership is a reality not a pipe-dream.

“This brings into sharp relief the issues facing buyers in the south, where more and more people, including young families, are joining ‘Generation Rent’ as they struggle to save a sizeable deposit to afford even a basic one-bedroom flat.”

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