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

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ChristinaReedUK
ChristinaReedUK 20 Jun 2016

I don't understand why it's always a war between the two sides. Either, way the landlord is probably keeping a detailed inventory and will see the changes you've made. I just don't understand why there...

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NathanGreen
NathanGreen 16 Jun 2016

Seeing that the tenants are quite satisfied with their landlords and the properties is indeed great. I wonder, though, what is the situation in London alone? The tenants face sky-high rent levels in the...

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AndiMur
AndiMur 15 Jun 2016

TheGuardian published the same forecast. But on the other hand, professional brokers express different opinions. According totranio.com, an exit from the EU would not affect the demand/supply imbalance...

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Gary Holmes
Gary Holmes 14 Jun 2016

Having a professionally completed inventory at check-in and check-out is clearly (to me at least) of minor value. Tenants make un-authorised modifications and/or walk off with items that belong to the

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Violet Gibson
Violet Gibson 14 Jun 2016

Cautious people think buying off-plan is reckless, but over the past few years investors have literally made fortunes.Pre-release prices have obvious benefits for the developer, who gets instant finance...

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Kate Windleton
Kate Windleton 14 Jun 2016

An interesting research indeed. I guess that is in complete contrast with the United States where people often move from one coast to another. It will be interesting to hear the trends for people moving...

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NathanGreen
NathanGreen 14 Jun 2016

I think it all depends on the market conditions and how well your company is doing. You will agree that you can't demand more when you're killing yourself just to hang in there. Sometimes you need all

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ChristinaReedUK
ChristinaReedUK 13 Jun 2016

What does "detecting a bad vibe" mean actually. I've had certain vibes like these and yet have always found a reason , if there's any, why I don't like a certain property. The property maintenance might...

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keybanks estates
keybanks estates 08 Jun 2016

Great News for first time buyers, about time two!

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NathanGreen
NathanGreen 07 Jun 2016

I agree with #6 - you should maintain your garden according to the target buyer. One thing is universal, though - cleanliness and order. Having the yard clutter-free and clean will help people who do enjoy...

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NathanGreen
NathanGreen 06 Jun 2016

I will always say that London is overrated. Sure it is the capital, but it's too stuffed in there. It's more of a business city to me.

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Paul
Paul 25 May 2016

Estate agents are pathetic when it comes to fees. They have this 'I had to do it at 1% because that's what the others were quoting' mentality. We are the most expensive agents in our area, charging double...

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