Barkerend West & Little Germany, Bradford is crowned the cheapest place to buy a home in the UK (Image: Getty)
A new report reveals the area in the country where you can buy a home for as little as £20,000 with the average house costing just over £50k.
For people seeking to buy their first home, the and soaring inflation had made owning a house seem nothing more than a pipe dream.
However, for those willing to relocate to Bradford, the prospect of buying is a lot more attainable.
A report by Cardinal Steels and Online Marketing Surgery have revealed the top 10 cheapest places in the UK to live with Barkerend West & Little Germany, in Bradford, West Yorkshire coming out on top.
With a median house price of just over £50,000, properties are incredibly more affordable compared to other areas of the UK – the average figure across the entire nation stands at £293,000, with London being the highest at £526,000.
House prices start at as little as £20,000 (Image: Getty)
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On Rightmove, there are several properties listed for less than the average price in Barkerend West & Little Germany with one studio flat costing just £20,000.
Not only can buyers snap up a house for £241k cheaper than the average UK home, but the area holds huge architectural significance with buildings that are so beautiful it’s classed as a conservation area. The neoclassical style of the town also hints at an Italian influence with many buildings listed.
A conservation area is an “area of special architectural or historic interest the character or appearance of which is desirable to preserve or enhance” , says the Listed Buildings and Conservation Areas Act 1990.
Bradford is home to many listed buildings with the region being classed as a conservation area. (Image: Getty)
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However, Bradford isn’t the only area where individuals can purchase homes for a reasonable price.
Here are the top 10 cheapest areas to live according to the new report:
- Barkerend West & Little Germany, Bradford, £52,909
- Horden County Durham, £53,750
- North Ormesby & Brambles, Middlesbrough £60,500
- Ashington Hirst, Northumberland, £64,250
- Ayresome, Middlesbrough, £65,000
- Shildon, County Durham, £65,000
- Newton Aycliffe West, County Durham, £65,000
- Central Burnley & Daneshouse, Burnley, £65,000
- Stanley West & Annfield Plain, County Durham, £66,000
- New Clee, North East Lincolnshire, £66,500