No one has ever got enough money. It’s the one thing that you could always do with more of. Especially if you are saving.
It’s getting harder and harder to get on the property ladder in The UK.
Are you scrimping together to try and buy your first property? Maybe you’re despairing at how impossible it seems to buy? Then, take comfort in one thing – you are not the only one.
New statistics have show the shocking North/South divide when it comes to property. So, we decided to compare the 2.
Most Expensive Places To Buy In The UK
Average sale price of property: £4,776,250
In at Number 1 it is good ol’ London taaan! Yup, it’s no surprise The Capital is the most expensive place to buy. What is surprising though is how much it costs to buy a property.
According to emoov, for a little bit less than the average sale price, at £4.5 million, you could purchase this six-bedroom family maisonette in Warwick Square. It may cost a lot but comes full of amenities with a drawing room, dressing rooms and lift access.
Average sale price of property: £1,420,792
OK, let’s look at the less obvious options then. Properties in the Surrey borough of Runnymede contain some of the most expensive housing options. That maybe because it is still in reach of London, commutable but leafy green.
A great example of what you can get for your money in Runnymede is this detached home in Thorpe, on the market for £1,450,000. But in fairness it does come with riverside views and an indoor swimming pool.
Average sale price of property: £1,105,523
You might know it for the service station on the M40, but you’ll know also know it for being pretty pricy. Perhaps the price tag is because it is on the edge of the Chiltern Hills Area which is proper nice.
It might also be because Beaconsfield has good transport links, with direct train services to Birmingham Snow Hill and London Marylebone (journey time: 25 minutes) – so you’re between 2 major cities.
Cheapest Places To Buy In The UK
Average sale price of property: £46,000
If you want somewhere a little lighter on the wallet, you’re going to have to look North. In particular Middlesborough is a good place to start.
On the south bank of the River Tees in North Yorkshire the TS2 postcode in Middlesbrough is currently the most affordable place to live in England and Wales. And for under £50, 000 it’s not a bad find. Let’s face it, you can’t even buy a round for that in London.
Average sale price of property: £46,500
It seems a good tip is to look outside of cities. For example, Liverpool. The Metropolitan Borough of Wirral still remains one of the most affordable places in the UK. Convenient to get to the home of The Beatles and at a snip of the prices of most other places.
With all that saved cash you can go for a ferry across the Mersey.
Average sale price of property: £72,562
You want a tip – the best places to buy are the ones that are ‘up and coming’. Investing in property is never a safe thing, but the more buzz you can find around a place, the more money you could expect to make.
If you are wanting somewhere that could be good for the future then look at Copeland. There is currently a £1 million regeneration of the area. Plus, you can get your own space. Cumbria is one of the most sparsely populated counties in the United Kingdom.