If you’re looking to move but are on a tight budget, the cheapest places you can get on the property ladder have been revealed.
In October 2024, the average house price in the UK was an eye-watering £308,781 – the highest of which was in London at £520,000.
However, the places listed in these surveys will cost you much less – and are based on average house prices from March 2024.
Conducted by OMS, the survey includes a total of six towns in the North East – one of which is in second place with an average house price of just under £54,000.
Here are the cheapest places to buy a home in the UK as well as how much the average house costs:
Cheapest places to buy a home in the UK
Barkerend West & Little Germany, Bradford – £52,909
Horden, County Durham – £53,750
North Ormesby & Brambles, Middlesbrough – £60,500
Ashington Hirst, Northumberland – £64,250
Ayresome, Middlesbrough – £65,000
Shildon, County Durham – £65,000
Newton Aycliffe West, County Durham – £65,000
Central Burnley & Daneshouse, Burnley – £65,000
Stanley West & Annfield Plain, County Durham – £66,000
New Clee, North East Lincolnshire – £66,500
Also listed are the most expensive places to buy a home in the UK – most of which are in the
Most expensive places to buy a home in the UK
Oxshott & Stoke D’Abernon, Elmbridge – £1,412,500
Esher, Elmbridge – £1,275,000
Gerrards Cross, Buckinghamshire – £1,160,000
Moor Park & Batchworth, Three Rivers – £1,150,000
Radlett, Hertsmere – £1,100,000
Shiplake & Binfield Heath, South Oxfordshire – £1,100,000
Brookmans Park, Welwyn Hatfield – £1,005,000
Summertown, Oxford – £998,000
Farnham Moor Park & Bourne, Waverley – £996,000
Horsley & Effingham, Guildford – £975,000
This comes days after news that around half of UK homes increased in value by 1% or more in 2024, according to Zoopla.
This equated to around 15 million properties with prices increasing, up from just over 10 million in 2023.
Whilst 2024 saw a broad recovery of house prices, around a third of homes recorded price declines of 1% or more last year, equating to just over nine million properties.
Just under six million homes last year recorded broadly static prices, but are more concentrated across southern England, as higher mortgage rates reduced buying power, Zoopla said.
Taking into account price rises and falls, the average property value increased by £2,400 last year.
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Richard Donnell, executive director at Zoopla said: “The housing market returned to growth in 2024 but the pattern of home value changes across Britain is far from uniform.
“There is headroom for prices to increase in markets where housing is affordable compared to incomes, which covers many parts of northern England and Scotland.
“Faster income growth is helping to repair affordability, supporting moving decisions in 2025.”