A new property report ranked the top 10 cheapest areas to live across the United Kingdom.
With inflation rising, the opportunity for first-time buyers to get an affordable and reasonable mortgage is extremely difficult, forcing them to not move out or rent instead.
The median price difference between the first and last property only changed by nearly £13,600, with the cheapest median price just shy of £53,000.
The report, compiled together by Cardinal Steels and Online Marketing Surgery, used data from the Office for National Statistics to reveal the 10 areas which have the lowest housing pricing.
The top ten cheapest median house prices in the UK have been named
GETTYThe top 10 cheapest areas to live
- Barkerend West & Little Germany, Bradford, £52,909
- Horden County Durham, £53,750
- North Ormesby & Brambles, Middlesbrough £60,500
- Ashington Hirst, Northumberland, £64,250
- Ayresome, Middlesbrough, £65,000
- Shildon, County Durham, £65,000
- Newton Aycliffe West, County Durham, £65,000
- Central Burnley & Daneshouse, Burnley, £65,000
- Stanley West & Annfield Plain, County Durham, £66,000
- New Clee, North East Lincolnshire, £66,500
Barkerend West & Little Germany ranked as the cheapest place to buy a property with a median house price of just over £50,000. On Rightmove, several properties in the area are listed for less than this figure with one studio at just £20,000.
County Durham is the area with the cheapest places to live, having four areas in its district lower than £66,500.
The furthest south on the list was New Clee in North East Lincolnshire as the majority of properties on the list were located in the north-east of England.
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The cheapest area to buy is in Barkerend West & Little Germany with a median house price at £52,909
GETTY
Property prices overall do continue to rise across the UK. Despite many of these properties in the North East having the cheapest prices, the region noticed the sharpest price rise of any other across the UK with an increase of 6.5 per cent.
Northern Ireland and Scotland also noticed a sharp increase. An increase of 6.2 per cent pushed Northern Irish houses up to £190,553 on average. In Scotland, there was an increase of 5.7 per cent meaning housing prices were just shy of £200,000 on average.
The only area to notice a decrease in property prices was London by 0.6 per cent but prices were still at an average value of £525,586.
