Revealed: the affordable property hotspots 'on the up'

Revealed: the affordable property hotspots 'on the up'

New research by Which? Mortgage Advisers reveals where homebuyers can find homes under the national average of £200,000, in areas that have seen the biggest increase in property prices in the last year.

The new Which? analysis, and interactive property price map, reveals the areas of the country which have seen the largest increase in property price in the last year, yet remain below the national average property price of £200,000. These areas on the up could be prime locations for first-time buyers or investors.

The analysis of Land Registry data reveals that Liverpool's central 'L1' is the top affordable area on the up, having seen a property price increase of 41.2% in the last year. An average property increased in value from £85,000 between December 2011 and November 2014, to an average of £120,000 for the year to November 2015.  

Second and third were Conwy's 'LL27' in North Wales and Bradford's 'BD1', just east of the city's University. Average property prices in these postcode areas increased by 37% and 36% respectively. In Conwy's 'LL27', the average property price rose from £135,000 between 2011 and 2014, to £185,000, and in Bradford's 'BD1' they rose from £42,000 to £57,000. Despite the significant increase in average property prices in these areas, they remain under the national average.

Even in the capital where prices are higher, Bexley's 'DA18' had affordable homes with potential to increase in value. The average property price in DA18 was £191,500, up by 32% in the last year.


David Blake at Which? Mortgage Advisers said: “For a first-time buyer or a buy-to-let investor, these up and coming areas can provide an affordable alternative to buying in an already established area. You could see your property grow in value quickly, but it's important to remember that property markets can change, and there is never a cast-iron guarantee that values will continue to rise.

A mortgage is a significant financial commitment that needs to be considered carefully. Seeking independent mortgage advice early on is vital in order to know what options are open to you.”

Which? Mortgage Advisers provides the following tell-tale signs that an area may be 'on the up':

    If an area is next to currently thriving town
    If a local authority plans to regenerate the town centre
    If there are plans to improve transport links
    If new trendy shops, restaurants, cafes and nightlife start to appear
    If you see skips and scaffolding -an indication of increased prosperity and improved housing stock
    New build properties appearing - often increasing the value of surrounding properties too
    New schools being built or current ones climbing Ofsted rankings - often property values in the surrounding catchment area increase too
    New estates agents appearing - a sign of a growing property market

Join our mailing list:

Leave a comment



Our Next Event

Specialist Lending Roadshow June 2017

Specialist Lending Roadshow June 2017

Crewe - 20/06/2017

Northampton - 21/06/2017

Chingford - 22/06/2017

Brighton - 23/06/2017

Register now

Latest Comments

Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

view article
Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

view article
Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

view article
paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

view article
CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

view article
warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

view article
Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

view article
Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

view article
MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

view article
bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

view article
Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

view article
jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

view article

Related stories

More articles from Property

Specialist Lending Roadshow June 2017

20th-23rd June

4 days
7 specialists
4 locations
Free to attend

Click here to register now