Top 5 Towns and Cities to Buy Cheap Property For Sale in the UK, 2023
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Are you looking for cheap property for sale in the UK? You’re not alone.
With the rising cost of living, many property searchers struggle to find suitable, reasonably-priced homes.
In recent years, renovation property investment has become more popular in the UK due to the high demand for housing and the shortage of available properties.
With the right research and planning, investors can find great deals on properties needing renovation in many areas throughout the UK.
This article will explore the UK’s top 5 towns and cities offering the lowest average property prices.
We’ll provide information on the average house prices, local amenities, and factors that make each location attractive.
By the end of this article, you’ll have a good idea of the affordable property options available in the UK, and which areas might be the best fit for your lifestyle and budget.
How to find cheap property for sale in the UK?
As always, there’s more than one way to achieve the same goal, but for this article, we’ll use data from the HM Land Registry, which covers annual property sales across England and Wales.
Using this data, we can determine the average property sale price by location and use that as a starting point when looking for cheap property for sale.
Blackpool
Blackpool is a seaside town located in the North West of England.
It is a popular tourist destination known for its iconic tower, amusement parks, and nightlife.
In recent years, the town has also become an increasingly attractive option for people looking to buy a property with potential, thanks to many reclaimed properties, derelict property, and relatively low house prices available.
Why Property Prices in Blackpool Have Decreased
The average property price in Blackpool is currently £161,403, significantly lower than the national average.
Several factors have contributed to this decrease in property prices.
Firstly, Blackpool has a relatively high unemployment rate compared to other parts of the UK. This means there is less housing demand in the town, which can drive down prices.
In addition, Blackpool has struggled to attract investment and develop its economy recently.
The town’s traditional industries, such as tourism and manufacturing, have declined, leaving many residents with limited job opportunities.
This has led to decreased population and a surplus of housing stock, further contributing to lower property prices.
Despite these challenges, there are still many reasons why Blackpool is an attractive place to live.
The town has a rich cultural heritage and a strong sense of community, and its coastal location and amenities make it an ideal place to retire or raise a family.
For those looking to get on the property ladder, Blackpool offers an affordable option that can provide a great quality of life.
Best Areas to Buy Property in Blackpool
Several areas in Blackpool offer particularly good value for property buyers.
One such area is South Shore, close to the town centre and the famous Pleasure Beach. It has a mix of properties, including terraced houses, apartments, and bungalows.
Another area worth considering is Marton, a popular residential neighbourhood with good transport links, local amenities, and green spaces.
Bispham is another area popular with buyers, thanks to its good schools and proximity to the beach. It has a good mix of Victorian and modern homes, parks, and amenities.
Overall, Blackpool offers a range of affordable housing options, which can make it an attractive option for buyers looking to get on the property ladder.
Despite the challenges the town’s local economy faces, there are still many reasons why Blackpool is a great place to live.
With careful research and planning, it is possible to find a property that offers both value and quality of life.
Darlington
Darlington is a market town in County Durham, in the North East of England.
The town is well-known for its railway history and has a population of around 105,000 people.
With an average house price of £156,654, Darlington is one of the most affordable places to buy property in the UK.
Why have the average property prices in Darlington decreased?
The average property prices in Darlington have decreased in recent years due to many factors.
One of the main reasons for this is the town’s relatively slow economic growth.
While Darlington has several local employers, including the engineering firm Cummins and the Darlington Building Society, the town has struggled to attract larger businesses and investments.
This has resulted in a lower average wage in the area and less demand for housing, which could be useful when looking for cheap property for sale in Darlington.
What makes Darlington an attractive place to live?
Despite its economic challenges, Darlington is a popular place to live for many reasons.
The town has a rich history and has several cultural attractions, including the Darlington Hippodrome Theatre and the Head of Steam railway museum.
Darlington is also well-connected, with easy access to major cities such as Newcastle and Leeds.
In addition, the town has several parks and green spaces, making it an ideal location for outdoor enthusiasts.
Where are the best areas to buy property in Darlington?
Some of the best areas to buy property in Darlington include the West End, a popular residential area close to the town centre.
Other popular areas include the Haughton area, which has several good schools and amenities, and the Branksome area, known for its large Victorian houses.
How can I find affordable property in Darlington?
One of the best ways to find affordable property in Darlington is to work with a local estate agent who knows the area well. They can help you identify properties within your budget and in desirable locations.
In addition, it’s worth considering properties that require some renovation or modernisation, as these can often be purchased at a lower price.
What are the potential downsides of living in Darlington?
One potential downside of living in Darlington is the town’s relatively slow economic growth. This can make it challenging to find employment opportunities, particularly for those in certain industries. In addition, while Darlington is well-connected to other areas, it is still quite a small town and may not offer the same level of amenities and services as larger cities.
Blackburn
Blackburn is a town in Lancashire, in the North West of England.
Blackburn is also home to several green spaces and parks, making it an attractive option for those who enjoy the outdoors.
It has a population of around 150,000 people and is known for its industrial heritage and proximity to cities such as Manchester and Liverpool.
The property market in Blackburn has witnessed a downturn in recent years, with the average house price currently standing at £146,559, as per HM Land Registry. As a result, Blackburn ranks as the third most affordable location to purchase property in England and Wales.
Why Average Property Prices in Blackburn Have Decreased
Several factors may have contributed to this trend. One of the main factors is the town’s relatively low average wage, making it difficult for people to afford to buy property.
Another factor is the decline of the textile industry in Blackburn, which was once a major employer in the town. This has led to a decrease in housing demand, which has put downward pressure on property prices.
Additionally, the ongoing COVID-19 pandemic impacted the property market in Blackburn and elsewhere in the UK, with many people choosing to put their buying or selling plans on hold.
Despite the decline in property prices, there are still opportunities to find good deals when looking for cheap property for sale in Blackburn.
The town has a range of properties available, from traditional terraced houses to modern flats, and plenty of areas offer good value for money.
Best Areas to Buy Property in Blackburn
If you’re looking to buy property in Blackburn, several areas are worth considering.
One of the most popular areas is the suburb of Wilpshire, known for its attractive properties and good schools.
Other popular areas include Beardwood, known for its large, spacious homes, and Mellor, located close to the countryside and offering a more rural lifestyle.
If you’re looking for more affordable options, some of the less expensive areas of Blackburn include Mill Hill, a popular choice for first-time buyers, and the town centre, which has a range of flats and apartments available at relatively low prices.
While Blackburn’s property market has experienced a decline in recent years, there are still opportunities to find good value for money in the town’s housing market.
By carefully researching the different areas and considering factors such as local amenities and transport links, you can find a property that meets your needs and budget.
Durham
Durham is a city in the North East of England, located on the River Wear.
The city is famous for its historic university, which dates back to the 19th century, and its magnificent cathedral, a UNESCO World Heritage Site.
Potential Reasons Why Property Prices Fell in Durham
According to HM Land Registry, the average property price in Durham is £140,120, which is the second lowest in England and Wales.
One of the factors that may have contributed to the decrease in property prices in the city is the local economy.
The city has traditionally depended on industries such as coal mining and manufacturing, which have declined over the years, leading to a decrease in demand for housing.
This means that you shouldn’t struggle to find cheap property for sale in Durham.
Why you should buy property in Durham
Despite the economic decline, Durham remains a popular place to live for many people.
The city offers a range of cultural and leisure activities, including museums, galleries, and theatres.
It also boasts a beautiful riverside location and easy access to the countryside, making it an ideal place for outdoor enthusiasts.
Best Areas to Buy Property in Durham
Some of the best areas to buy property in Durham include Gilesgate, located on the east side of the city and offers a range of affordable properties, and Shincliffe, a picturesque village located just a few miles from Durham city centre.
Other popular areas include Belmont, Framwellgate Moor, and Newton Hall, all of which offer a range of affordable properties and easy access to local amenities.
In conclusion, Durham is an attractive option for those looking for affordable property in the UK.
Despite the local economic decline, the city offers a range of cultural and leisure activities and easy access to the countryside.
With affordable properties in popular areas, Durham could be the perfect place to call home.
Sunderland
Sunderland is a city in the North East of England, with a population of around 175,000.
It is situated on the coast and has a long shipbuilding, coal mining, and glassmaking history.
Today, the city is known for its university, football team, and cultural offerings.
According to HM Land Registry, Sunderland has an average property price of £127,781, which is significantly lower than the UK average, making it the cheapest location to buy property in England and Wales.
This means that you shouldn’t struggle to find cheap property for sale in Sunderland.
Factors Contributing to low property prices in Sunderland
Sunderland has an average house price of around £127,781, significantly lower than the UK average.
One of the main factors contributing to the lower property prices in Sunderland is its relatively weak local economy.
The city has struggled to recover from the decline of its traditional industries, such as shipbuilding and coal mining, which has led to a lack of job opportunities and lower wages.
As a result, there is less demand for property in the city, which keeps prices low.
Why the average property prices in Sunderland has probably decreased
Another factor contributing to the decrease in property prices in Sunderland is the COVID-19 pandemic.
Like many other parts of the UK, Sunderland has seen a reduction in demand for property due to the economic uncertainty caused by the pandemic.
This has led to a slight decrease in property prices in the city, making it an even more attractive location for buyers looking for affordable housing.
Best areas to buy property in Sunderland
Despite its economic challenges, Sunderland has plenty to offer buyers looking for affordable property.
The city has several desirable neighbourhoods, including Ashbrooke, Roker, and Fulwell, known for their beautiful Victorian and Edwardian architecture.
These areas also offer easy access to the coast, local amenities, and transport links, making them popular with families and young professionals.
Overall, Sunderland offers buyers an attractive combination of affordability, coastal living, and cultural offerings.
While the local economy may be weak, the city has a lot of potential for growth and is a great place to invest in property for those looking for a good deal.
Conclusion
If you’re looking to buy property in the UK, it’s important to consider all your options and choose a location that suits your needs.
In this article, we’ve highlighted five towns and cities that offer affordable property prices and some of the factors that make them attractive places to live.
It’s certainly worth doing your own research and considering factors such as employment opportunities and local amenities before making a final decision.
Living in a smaller town or city with lower property prices can offer several advantages, such as a lower cost of living and a sense of community.
However, it’s important to be aware of potential downsides, such as limited job opportunities or a lack of amenities.
When searching for property in these locations, it’s important to be aware of any hidden costs associated with buying property in the UK, such as stamp duty or solicitor’s fees. It’s also worth considering factors such as the condition of the property and any potential renovation costs.
Overall, the UK offers a wide range of affordable property options, and it’s worth taking the time to research all your options and choose a location that suits your needs and budget.