Getting onto the property ladder as a first-time buyer is really difficult at the moment across the UK. However there are some areas that can offer a glimmer of hope as they have been determined by researchers to be some of the most affordable in the UK.
For us in the West Midlands, we actually have a market town that came out on top in this list.
Leek in Staffordshire came out on top for first-time buyer affordability, according to Lloyds.
It was named as the most affordable market town for first-time buyers across the UK. The average property price in Leek costing, £191,359.
Leek has been given the title of being the The ‘Queen of the Staffordshire Moorlands’, it is a historic textile town with an intriguing past. According to Leek Town Council, there are roughly 21,000 people living in the market town. The town, which is near the Peak District, is roughly 10 miles (16 km) northeast of Stoke-on-Trent.
The full list of most affordable property prices, according to Lloyds Banking Group is listed here:
- Leek, West Midlands – £191,359
- Chesterfield, East Midlands – £198,054
- Northallerton, Yorkshire and the Humber – £201,628
- Selby, Yorkshire and the Humber – £202,092
- Driffield, Yorkshire and the Humber – £203,160
- Boston, East Midlands – £211,404
- Buxton, East Midlands – £224,896
- Newport, Wales – £227,784
- Sleaford, East Midlands – £229,197
- Grantham, East Midlands – £230,464
Contact one of our highly experienced mortgage advisors today on 0121 500 6316 to discuss your mortgage needs.
