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The Cheapest Property in the UK

Getting onto the property ladder these days can be really tough. Buying a property, whether you want to let, renovate or just need a place to live can seem like an impossible dream, especially on a single income. In spite of the potential drawbacks of these areas, prices have risen during 2005, as people are forced to look at properties outside of the expensive cities.

  1. The cheapest area of the UK is the City of Kingston Upon Hull in East Yorkshire. Prices are an average of £79,500. Growth may possibly be hindered in the short term by its recent coronation as the UK’s worst place to live by Channel 4’s Kirstie Allsop and Phil Spencer. It is mainly notable for its fishing industry and its many sports teams.
  2. Next most affordable is Blaenau Gwent in South Wales, with prices averaging £86,500. Its main towns are Abertillery, Brynmawr, Ebbw Vale and Tredegar. It has many examples of its industrial heritage and some beautiful countryside.
  3. Merthyr Tydfil’s average house price is just under £92, 000. Situated in Mid Glamorgan, Wales this former mining area has high levels of unemployment; however its claim to fame is that during an armed uprising in Merthyr, workers rallied under a red flag which was later adopted as the worldwide symbol of workers revolution.
  4. Stoke on Trent’s properties cost an average of just over £92,000. Still the centre of the UK pottery industry, this town is also famous as the birth place of Robbie Williams.
  5. At just under £97,500, Hartlepool comes next in out top 10. Located near Durham, this shipbuilding town is best know for it’s inhabitants having allegedly hung a monkey, believing it to be a Frenchman.
  6. North East Lincolnshire’s average house price is just over £97,500. Its main town is Grimsby, and its economy like that of Hull is based around the fishing industry.
  7. Blackburn with Darwen in Lancashire has an average house price of £100,800. It was formerly at the hub of the UK’s textile industry. However who would not want to live in the town whose potholes are commemorated in The Beatle’s ‘A Day in the Life’?
  8. Rhondda Cynon Taff is another former mining region in Mid Glamorgan South Wales, with average house prices in the region of £102,000. Sadly, like Merthyr Tydfil it is also blighted with high levels of unemployment.
  9. With prices of around the £103,000, Middlesbrough in North Yorkshire is an industrial town which is undergoing some regeneration. It also has a Premiership football team of course, and is close to some of Yorkshire’s beautiful countryside.
  10. The most expensive of our top 10 cheap property spots is North Belfast, County Antrim, Northern Ireland with an average property price of around £106,000. The higher average is due in part to some more expensive areas around Belfast Castle and Cavehill. There are high levels of unemployment, people on low incomes and much evidence of sectarianism.

House prices and rankings are based on the figures Q3 2005 published by The Land Registry .

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