Study reveals cheapest towns and cities in UK for first time buyers – PropertyWire

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Yorkshire and the Midlands are the best value cities in the UK in terms of property costs for first time buyers, according to new research. Eight cities across the two counties offer the best deal to those seeking to get on the housing ladder based on the cost per square foot for buying a property, led by Bradford.

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The cheapest places to rent in the UK. The centres of Portsmouth and Southampton are barely 23 miles apart. Yet you’ll pay 812 a month to rent a one-bedroom flat in Portsmouth, compared with 1072.50 in nearby Southampton – that’s 26o.50 more a month! If you’re a family based in the Midlands, a move to Derby could save you a whole heap of cash.

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According to the results, Lancashire came out on top, as three of the best towns for first-time buyers are located in this county – Pendle, Burnley and Hyndburn.

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Our study reveals that first-time buyers should head to Northern locations like Sunderland, Salford and Hull, where average property prices at 136,095 are only 2.5 times average earnings for the area. bargain hunters should also set their sights on Midlands cities like Stoke-on-Trent, Nottingham and Derby.

The results are out, and these are the top ten most affordable cities in the UK for first-time buyers, along with the percentage of affordable housing in the region and the average house price. We’ve also had a look around to see what first-time buyers can expect to find for the average asking price in each of the top 10 most affordable.

University towns and cities where housing is cheap, such as Liverpool and Middlesbrough, provide rental yields up to seven times higher than in London, a study by credit specialists. The Liverpool.