Getting on the property ladder in the UK can feel daunting, especially with rising house prices. However, some cities offer more affordable options for first-time buyers. In this article, we look at some of the most affordable UK cities for first-time homebuyers.
1. Hull
Hull consistently ranks as one of the most affordable cities in the UK for homebuyers. With average house prices around £140,000, the city offers excellent value for money.
Hull’s growing economy, improving infrastructure, and cultural attractions, such as its 2017 UK City of Culture status, make it an attractive option for first-time buyers. The city is undergoing regeneration, so it’s worth considering areas like Victoria Dock and Hessle for potential growth in property value.
2. Stoke-on-Trent
With an average house price of around £150,000, Stoke-on-Trent is another affordable city for first-time buyers.
The city has strong transport links to both Manchester and Birmingham, making it a good choice for commuters. Stoke is also known for its historical significance in pottery, giving it a unique cultural edge.
Consider Etruria and Hanley, as they are popular areas for first-time buyers, offering affordable homes and proximity to the city centre.
3. Newcastle upon Tyne
Newcastle offers a fantastic balance of affordability and city living. With average house prices around £180,000, first-time buyers can find affordable homes without compromising on culture or amenities.
The city is known for its vibrant arts scene, great nightlife, and proximity to the Northumberland countryside. Perhaps opt for the Gateshead area, just across the river from Newcastle’s city centre, for even more affordable housing options.
4. Liverpool
With house prices averaging around £160,000, Liverpool is an affordable and exciting option for first-time buyers. The city is home to a thriving music scene, excellent universities, and ongoing regeneration projects. Areas like Anfield and Walton offer affordable housing close to the city centre.
As an example, Liverpool’s Baltic Triangle is an up-and-coming area with a mix of affordable flats and trendy new developments, perfect for first-time buyers.
5. Sheffield
Sheffield combines affordable housing with a high quality of life. With average house prices around £200,000, it’s one of the more affordable big cities in the UK. The city is renowned for its green spaces, good schools, and close proximity to the Peak District.
In particular, The Kelham Island area has undergone significant regeneration and is popular among first-time buyers, offering affordable homes in a lively, creative neighbourhood.
These cities offer first-time buyers the opportunity to get on the property ladder without the high costs associated with larger UK cities like London, making them ideal for those looking to buy their first home.
