County Durham has been named as one of the cheapest places to buy a house in the UK.
The new research comes as inflation rates continue to rise and people now more than ever are considering ways to keep the price of everyday life down due to the cost of living crisis.
When it comes to looking for a place to move to, there is a whole range of factors that can affect people’s decision, from local schools to where your friends and family live - but for many, property price is an important aspect.
This is why the team of mortgage experts at Online Mortgage Advisor have analysed the average house prices for every local authority in the UK, to find the 10 most affordable places to live as of January 2023.
County Durham named one of the cheapest places to buy a home in the UK
The county was ranked 6th place with an average house price of £133,364.77 and is cheaper than the likes of Blackpool and Aberdeen.
The experts said: “County Durham is found in the North East of England, and has a rich industrial heritage.
“There’s a lot to explore, such as the Durham Cathedral and Castle, as well as the stunning countryside.
“County Durham is also home to many old mining villages, if you’re into history.”
Top 10 cheapest places to buy a house in the UK revealed
- Burnley - £117,240.84
- Inverclyde - £123,618.22
- East Ayrshire - £124,672.64
- Hyndburn - £128,479.63
- North Ayrshire - £129,096.72
- County Durham - £133,364.77
- Blackpool - £135,804.83
- Aberdeen - £136,742.47
- Blaenau Gwent - £136,761.91
- North Lanarkshire, Scotland - £137,958.84
You can find out more about the work the experts do on the Online Mortgage Advisor’s website.
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