The Most Affordable
Over the last year, the average sold price across England and Wales was £288,494, but the TS2 postcode in Middlesbrough is the best option across England and Wales for property price potential with an average sold price of just £46,000 over the last year.
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Most Affordable Postcodes in England and Wales |
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Postcode |
Average Sold Price |
Area |
Region |
|
TS2 |
£46,000 |
MIDDLESBROUGH |
MI~DDLESBROUGH |
|
L44 |
£46,500 |
WIRRAL |
MERSEYSIDE |
|
CF43 |
£52,950 |
RHONDDA CYNON TAFF |
RHONDDA CYNON TAFF |
|
CF1 |
£57,500 |
CARDIFF |
CARDIFF |
|
DN31 |
£59,116 |
NORTH EAST LINCOLNSHIRE |
NORTH EAST LINCOLNSHIRE |
|
TS3 |
£59,885 |
MIDDLESBROUGH |
MIDDLESBROUGH |
|
TS1 |
£61,474 |
MIDDLESBROUGH |
MIDDLESBROUGH |
|
CF42 |
£68,507 |
RHONDDA CYNON TAFF |
RHONDDA CYNON TAFF |
|
L4 |
£70,454 |
LIVERPOOL |
MERSEYSIDE |
|
DL17 |
£70,763 |
COUNTY DURHAM |
COUNTY DURHAM |
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Date Source: Land Registry, Price Paid Data (Jan-Nov 2017) |
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That’s a deposit of only £4,600, and a drastic difference when compared to the cheapest postcode in the capital, DA18 in Bexley, where the average sold price was £225,882.
TS2 is closely followed by L44 in Wirral, Merseyside, where the average sold price is only marginally higher at £46,500.
CF43 in Rhondda Cynon Taff (£52,950), CF1 in Cardiff (£57,500), DN31 in North East Lincolnshire (£59,116) and TS3, again in Middlesbrough (£59,885), are all also home to an average sold price under £60k.The top 10 is completed by a third entry for Middlesbrough in TS1 (£61,474), CF42 in Rhondda Cynon Taff (£68,507), L4 in Liverpool (£70,454) and finally DL17 in County Durham (£70,763).
The Most Unaffordable
No surprise that London’s most prestigious boroughs dominate the most expensive postcodes with the top 26 located in the capital and W1S in Westminster top of the pile with an average sold price of £4.7m!
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Most Unaffordable London Postcodes |
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Postcode |
Average Sold Price |
Borough |
Region |
|
W1S |
£4,776,250 |
CITY OF WESTMINSTER |
GREATER LONDON |
|
SW1X |
£4,141,718 |
KENSINGTON AND CHELSEA |
GREATER LONDON |
|
W1B |
£4,033,891 |
CITY OF WESTMINSTER |
GREATER LONDON |
|
W1K |
£3,534,401 |
CITY OF WESTMINSTER |
GREATER LONDON |
|
SW1A |
£2,987,668 |
CITY OF WESTMINSTER |
GREATER LONDON |
|
SW7 |
£2,811,370 |
CITY OF WESTMINSTER |
GREATER LONDON |
|
W8 |
£2,787,175 |
KENSINGTON AND CHELSEA |
GREATER LONDON |
|
SW1Y |
£2,549,681 |
CITY OF WESTMINSTER |
GREATER LONDON |
|
WC2R |
£2,488,945 |
CITY OF WESTMINSTER |
GREATER LONDON |
|
SW3 |
£2,304,907 |
KENSINGTON AND CHELSEA |
GREATER LONDON |
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Date Source: Land Registry, Price Paid Data (Jan-Nov 2017) |
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Outside of London, it’s GU25 in Runnymede, Surrey, that has the largest average sold price over 2017 at £1,420,792. It’s joined by Surrey’s KT11 in Elmbridge at £1,042,104, and Buckinghamshire’s HP9 in South Bucks (£1,030,221) and HP8 in Chiltern (£1,023,737).
Surrey’s Elmbridge features again in the top 10 most expensive in fifth and 10th places (KT10 and KT13), Hertsmere’s WD7 is sixth at £927,022, followed by GU20 in Surrey Heath (£902,882), SL5 in Windsor and Maidenhead (£901,693) and finally SL9 in Chiltern, Buckinghamshire at £891,522.
Russell Quirk, founder and CEO of Emoov.co.uk, commented: “While we generally analyse the property market on a more general basis, breaking the data down by postcode shows how diverse a local market can be from one postcode to the next.
While this research highlights some very affordable options for first-time buyers, it also demonstrates the property price gulf between the north and south, with the vast majority of most affordable options located up north, while the south dominates the insanely overinflated areas of the nation.”
