The town has very low average house prices (Image: Getty)
Data has revealed that a UK seaside town is amongst the cheapest places to in the UK.
Hartlepool in is on a limestone peninsula that ensured its fishing harbour was sheltered.
It enjoyed funding from the prince-bishops of the nearby city of , which granted its charter in 1201.
In the , Hartlepool became a port for the Durham coalfield, and exported coal and importing pit props.
In 1847, the West Hartlepool dock was added, and a new town was built next to it. The settlement grew quickly thanks to iron and steel, shipbuilding.
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Houses in Hartlepool are amongst the cheapest in the country (Image: Getty)
Nowadays, those industries have declined, and Hartlepool’s port is occupied in the most part with servicing North Sea petroleum fields.
The town also has a chemical industry.
states that a three-bedroom terraced house in Sheriff Street was sold in March for £22,500. It is not known whether it was sold as part of an auction.
Multiple terraced housing have also gone for £25,000.
Excluding auctions, there are currently three-bedroom houses up for sale for under £50,000 in Carlton Street, Dent Street and Borrowdale Street.
The Office for National Statistics says that the town is the third cheapest place in which to buy a home.
The average price tag for a property is £133,000.
The only places cheaper in September were Burnley (£113,000) and Hyndburn (£129,000).
But the cost of homes in these areas are on the up. The annual percentage increases were 3.5 per cent and 2.5 per cent respectively.
In Hartlepool, meanwhile, there was a 0.4 per cent decrease.
Hartlepool is on the north east coast of England (Image: Getty)
Country Durham as a whole is not much more expensive (£134,000).
The area saw a 4 per cent increase in prices.
Rightmove sees things slightly differently. The company says on its website: “House prices in Hartlepool have an overall average of £146,018 over the last year.
“The majority of properties sold in Hartlepool during the last year were terraced properties, selling for an average price of £89,851. Semi-detached properties sold for an average of £150,964, with detached properties fetching £259,128.
“Overall, the historical sold prices in Hartlepool over the last year were 6 per cent down on the previous year and 3 per cent down on the 2021 peak of £150,913.”