Most Affordable Housing in the UK

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Most Affordable Housing in the UK

Kingston-upon-Hull is the most affordable city in Britain with 92% (91.9%) of properties currently for sale at prices less than the UK’s average house price, according to research by online estate agents HouseSimple.com.

Only three other towns (with more than 150 properties listed for sale) have more than 90% of properties for sale, at asking prices below the UK average. They are Birkenhead (91.8%), Kilmarnock (91.8%) and Middlesbrough (90.2%).

The following table shows the most affordable UK towns and cities ranked in order of the number of properties for sale that are below the average house price in the UK:

Town/City

Region

Total no. properties for sale

No. of properties below £100k

% below £100k

No. of properties below UK average*

below average house price

Hull

Yorkshire

1063

530

50.0%

977

91.9%

Birkenhead

North West

268

147

54.9%

246

91.8%

Kilmarnock

Scotland

202

106

54.6%

182

90.1%

Middlesbrough

North East

662

320

48.3%

596

90.0%

Burnley

North West

589

291

49.4%

524

89.0%

Grimsby

Yorkshire

295

169

57.3%

261

88.5%

Bradford

Yorkshire

1383

625

45.2%

1220

88.2%

Wigan

North West

437

159

36.4%

384

87.9%

Neath

Wales

754

318

42.2%

656

87.0%

Blackpool

North West

1328

515

38.8%

1155

87.0%

Stoke

W Midlands

1327

583

43.9%

1144

86.2%

Sunderland

North East

622

312

50.2%

530

85.2%

Merthyr Tydfil

Wales

256

146

57.0%

216

84.4%

Darlington

North East

488

239

40.0%

410

84.0%

Doncaster

Yorkshire

857

306

35.7%

720

84.0%

Scunthorpe

Yorkshire

335

111

33.1%

281

83.9%

At the other end of the affordability chart, London, not surprisingly, is the least affordable city in the UK. But there are five other locations where under 10% of properties currently for sale are listed at less than the average UK house price. In Bath, just 6.8% of properties being marketed are priced lower than the UK average.

The following table shows the least affordable UK towns and cities ranked in order of the number of properties for sale that are below the average house price in the UK:

Town/City

Region

Total no. properties for sale

 

No. of properties below £100k

 

% below £100k

 

No. of properties below UK average*

%

below average house price

London

London

25000+

151

0.6%

1037

4.2%

Bath

South West

381

5

1.3%

26

6.8%

Guildford

South East

271

1

0.4%

19

7.0%

Crawley

South East

362

1

0.3%

32

8.8%

Tunbridge Wells

South East

299

3

1.0%

27

9.0%

Brighton

South East

632

4

0.6%

60

9.5%

Alex Gosling, CEO of online estate agents HouseSimple.com comments: “The lack of affordable properties in the UK has become a recurring theme as house prices have continued to rise. So, it will probably come as a surprise to many people, that there are still major towns and cities where almost every property for sale is below the UK average house price.

“Average salaries in these areas may still restrict people from buying a property but at least there’s a pool of properties that someone with a small deposit could afford. And towns such as Hull and Grimsby offer hope to the many first-time buyers trying to climb on the property ladder, with more than half of the current stock on the market below £100,000.

“The picture is very different in the south of England and Bath and Brighton are classic examples. Both are extremely popular cities, particularly for Londoners wanting to move out and enjoy a better quality of life. But prices have rocketed as a result and moved away from many buyers. Less than 10% of properties in these cities are below the average UK property price, and properties under £100k are almost extinct. First-time buyers, unless they have help from parents, are facing the prospect of holding off buying until well into their 30s, if at all.”

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