Here are the 15 cheapest property locations for buyers and investors in England according to the latest Land Registry data, based on sales up to the end of May.
Our thoughts. Analysis of the latest figures suggests that, when it comes to the cheapest priced property locations in England, prices are if anything softening at the moment – which could offer a good entry point for investors. Price rises are, generally, lower than they were at this point in 2015. Notably, the cheapest place to buy property in England, Burnley, experienced a very severe 6.2% annual price fall.
As in previous months there are some locations which although still cheap are experiencing gradual sustainable price growth every month now – suggesting they could be good for investors looking for real long term price appreciation. Barnsley, Hull and Stoke fall into this category, while prices in Sunderland appear to be rebounding.
Lastly it’s important to point out that, with the introduction of the new UK House Price Index, the way in which prices are calculated together with the locations for which it is calculated have changed. So our ‘top 15’ tables for this and future months are no longer directly comparable with those we’ve been publishing since 2015.
Barnsley
Current average property price in Barnsley: £109,906
Annual price change: 6.4% ↑
Barrow In Furness
Current average property price in Barrow In Furness: £108,915
Annual price change: 5.8% ↑
Blackburn with Darwen
Current average property price in Blackburn with Darwen: £97,280
Annual price change: 0.5% ↓
Blackpool
Current average property price in Blackpool: £98,855
Annual price change: 2.1% ↑
Bolsover
Current average property price in Bolsover: £109,971
Annual price change: 6.6% ↑
Burnley
Current average property price in Burnley: £68,702
Annual price change: 6.2% ↓
Durham (County)
Current average property price in Durham: £97,483
Annual price change: 0.2% ↑
Hartlepool
Current average property price in Hartlepool: £97,201
Annual price change: 2.5% ↓
Hull
Current average property price in Hull: £99,119
Annual price change: 5.4% ↑
Hyndburn
Current average property price in Hyndburn: £91,452
Annual price change: 5.6% ↑
Knowsley
Current average property price in Knowsley: £110,711
Annual price change: 0.4% ↑
Middlesbrough
Current average property price in Middlesbrough: £108,644
Annual price change: 0.1% ↓
Pendle
Current average property price in Pendle: £90,102
Annual price change: 0.3% ↑
Stoke on Trent
Current average property price in Stoke on Trent: £98,090
Annual price change: 3.8% ↑
Sunderland
Current average property price in Sunderland: £111,360
Annual price change: 4.2% ↑
