Last year the average deposit put down by first-time buyers was £32,841 and the average price paid for a property was around the £210,000 mark.
The most affordable area when it comes to house price and average earnings is Pendle in the North West. The average deposit a first-time buyer puts down is just £13,224 and to get a 75% mortgage (4.5 times the buyer’s income) they just need a salary of £16,806!
In fact, 10 of the most affordable areas for first-time buyers are all in the North West including West Lancashire, Barrow-in-Furness and Copeland in Cumbria.
But what about everywhere else? What can you get around England and Wales for under £210,000? We thought we’d take a look at some of the most popular areas to live, as well as their suburban and rural alternatives…
Credit: Purple Bricks
Not only is this within the range of the average house price first-time buyers can reasonably afford, it’s got a lot of space and it’s ultra modern! The property comprises of three bedrooms, a living room, dining room, extended kitchen / utility room, family bathroom and an amazing landscaped garden. There’s also a garage and driveway thrown in for good measure. Location-wise it’s nestled in between the Bushbury and Fordhouses suburbs – just a 10 minutes drive northwest of Wolverhampton.
Located in close proximity to the city walls, this 2 bedroom terraced house is just ten minutes walk to the centre of York. The city itself is a beautiful mix of historic sights and modern bars and restaurants, so it’s great for first-time buyers who want a mix of olde worlde charm and vibrant city life. The house features an open-plan kitchen and dining space, a great-sized kitchen, bathroom, one large master bedroom and a generous-sized second bedroom with a big storage cupboard. There’s even a yard to the rear with a wooden shed – something that’s hard to find in a city!
Not only is this townhouse a stone’s throw from the centre of Leicester, it boasts plenty of space both inside and out! The property already has a conservatory but the back garden is so big that there’s plenty of room for further extensions. This a great property for first-time buyers as it’s well-maintained and comes with all the space you need, as well as a driveway and secure gated parking.
Credit: Purple Bricks
If you’re looking for a character building with bundles of rustic charm and breathtaking views then this 3 bedroom house in Llandudno, North Wales, could be a good choice. There’s a big living room, which is perfect for entertaining guests, two huge double bedrooms, along with a smaller single bedroom. There’s also a utility room attached to the kitchen – so you’re never really short of space! But most notably, there’s an outdoor area with plenty of room for a table and a fire pit. The views are nothing short of amazing! Llandudno town centre is only a few minutes drive away and a ten minute walk to the beach or to the beautiful Bodafon Farm Park. This home would make a fabulous choice for outdoorsy types as the beach is only ten minutes away and the Great Orme, Little Orme and Angel Bay are nearby for hiking.
Credit: Purple Bricks
This immaculate 3 bed house is right next to the Baltic Triangle, Liverpool’s ever-popular creative sector. It’s great for commuters working in Liverpool City Centre as it’s near to transport links but also has a garage and driveway! There’s also a garden with a raised patio – perfect for enjoying a nice bottle of wine on a summer’s evening. The house features three bedrooms (one with an en suite), downstairs cloakroom, family bathroom and a separate lounge and kitchen/diner. The property is sold subject to contract, but there are plenty more amazing properties around the Liverpool area.
This modern three bedroom detached house situated on the cusp of Swansea Bay is in a wonderful location for those looking for a quiet location but close to the bustling city of Swansea. The house could be good for first-time buyers because there isn’t much that needs doing to it – it features a modern kitchen and bathroom and fitted carpets throughout. The garden is an impressive size, featuring a concrete area for seating, as well as a generous grassy area.
Credit: R&B Estate Agents
It may not be your average first-time buyer home, but it could be well within the first-time buyer budget! As well as six bedrooms (one with an ensuite!). There’s also a spa bathroom and sauna room on the top floor and a bar in the cellar. The house has a bright and airy feel to it thanks to the large windows…and the fact it’s a few minutes walk to the sea front. It even comes with a patio garden – there’s not much more you could want from a property.
The further down south you go, the higher house prices are. But for commuters to London, this could be a steal! It has a fresh and unique layout, complete with a spiral staircase and an attic bedroom. This property could be ideal for first-time buyers looking to get on the property ladder but want somewhere low maintenance and close to transport links.
Photo credit: Miles & Barr
Nestled in the suburbs of the picturesque city of Canterbury, this two bedroom house is fitted with solar panels and even has an electric car charging port. The large loft could be perfect for conversion into a third bedroom (although you will need planning permission for this), meaning it could be a good choice for growing families. The property also had a long garden lined with trees for extra privacy. As for its location, the house is very near to transport links around the Kent areas, as well as access to motorways and a high speed rail network to St Pancras International.
Looking for a house or found a house you love? Make sure you have a good conveyancer ready to kickstart completion if you happen to find the house of your dreams: