Most and least affordable places to buy in the UK shared - with £1million difference between areas

Angus Scotland / property for sale sign

The most affordable places to buy have been shared

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Sarra Gray

By Sarra Gray


Published: 24/06/2024

- 16:30

Where you live greatly impacts how much you will pay for property

Property does not come cheap and some locations will have you forking out up to £1million more than the cheapest spots.

Experts share the full list of the cheapest and most expensive places to set down roots.


Locations in Scotland dominated the list as the most affordable place to buy, with Angus taking the lead, according to research by Hopkins Homes.

It considered factors including house price and value-to-earnings ratio to give regions an affordability score out of 100.

A view of houses in north London

Property in London was mostly ranked the most expensive

PA

Most affordable areas to buy (average property price)

1. Angus, Scotland (£164,076) - Final Score: 85

2. West Dunbartonshire, Scotland (£136,668) - Final Score: 84.1

3. Aberdeenshire, Scotland (£200,276) - Final Score: 83.2

4. North Ayrshire, Scotland (£130,943) - Final Score: 82.9

5. North Lanarkshire, Scotland (£138,557) - Final Score: 82.5

6. Inverclyde, Scotland (£125,836) - Final Score: 82.3

7. East Ayrshire, Scotland (£128,549) - Final Score: 81.5

8. South Lanarkshire, Scotland (£166,162) - Final Score: 81.3

9. Renfrewshire, Scotland (£156,917) - Final Score: 80.9

10. Falkirk, Scotland (£168,536) - Final Score: 80.9

The most affordable spot in England was Sunderland, North East England, with a score of 80.6 and an average property price of £135,666.

While Angus was the most affordable area overall, the cheapest property was actually found to be in Inverclyde, which has homes for £125,836.

On the other hand, the least affordable places to buy were found to be in and around the capital city of London.

Kensington and Chelsea was the least affordable with a score of just 40 out of 100, and an average home price of £1,197,249.

House for sale property

Average house prices have increased across the UK

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Least affordable areas to buy (average property price)

1. Kensington and Chelsea, London (£1,197,249) - Final Score: 40

2. City of Westminster, London (£936,715) - Final Score: 53

3. Elmbridge, Surrey (£675,946) - Final Score: 57.3

4. Camden, London (£797,248) - Final Score: 58.3

5. Cotswold, Gloucestershire (£499,606) - Final Score: 59.6

6. Hammersmith and Fulham, London (£724,641) - Final Score: 60.6

7. Epsom and Ewell, Surrey (£531,321) - Final Score: 61.9

8. South Hams, Devon (£432,480) - Final Score: 61.9

9. Mole Valley, Surrey (£565,217) - Final Score: 62.2

10. Tandridge, Surrey (£516,880) - Final Score: 63.3

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