Top 15 Cheap Property Investment Locations England & Wales, May 2016 Report

Top 15 Cheap Property Investment Locations England & Wales, May 2016 Report

Analysis, Background, General

Here are the 15  cheapest property locations for buyers and investors in England and Wales according to the latest Land Registry data, based on sales up to the end of March.

Our thoughts. Last month proved to be very much a steady-as-you-go month in our lowest-priced-of-the-low cheap property league. Those towns which have seen slow price declines over the last few months continued to show slow price declines. Those towns which have seen slow price rises continued with, you guessed it, slow price rises.

Looking at price trends over the last few months prices in both Hull, Stoke on Trent and Oldham seem to be showing small, steady but sustainable rises which we think could bode well for investors there.

As in recent months the Welsh towns of Blaenau Gwent and Merthyr Tydfil continued to be top performers, with price rises more than double the national average. (Although possibly accounted for by modest transaction volumes.) While Neath Port Talbot prices dropped sharply, almost certainly as a result of concerns over the future of steelmaking in the town.

Coming up next month we’ll be interested to see if, and how, prices in the 15 cheapest England and Wales towns react to the rush by investors to beat the 3% rise in stamp duty.

Blackburn with Darwen
Current average property price in Blackburn with Darwen: £69,499
Annual price change: -1.7% ↓

Blackpool
Current average property price in Blackpool: £74,921
Annual price change: -2.3% ↓

Blaenau Gwent
Current average property price in Blaenau Gwent: £69,384
Annual price change: 13.5% ↑

Durham
Current average property price in Durham: £77,291
Annual price change: -0.9% ↓

Hartlepool
Current average property price in Hartlepool: £76,626
Annual price change: -1.9% ↓

Hull
Current average property price in Hull: £70,010
Annual price change: 1.29% ↑

Merthyr Tydfil
Current average property price in Merthyr Tydfil: £74,468
Annual price change: 15.9% ↑

Middlesbrough
Current average property price in Middlesbrough: £74,861
Annual price change: 1.3% ↑

Neath Port Talbot
Current average property price in Neath Port Talbot: £82,739
Annual price change: -4.3% ↓

North East Lincolnshire
Current average property price in North East Lincolnshire: £84,332
Annual price change: 0.4% ↑

Oldham
Current average property price in Oldham: £85,251
Annual price change: 4.6% ↑

Rhondda Cynon Taff
Current average property price in Rhondda Cynon Taff: £77,399
Annual price change: 1.9% ↑

Rochdale
Current average property price in Rochdale: £88,793
Annual price change: -1.8% ↓

Stoke on Trent
Current average property price in Stoke on Trent: £71,967
Annual price change: 2.5% ↑

Sunderland
Current average property price in Sunderland: £88,168
Annual price change: -0.2% ↓

If you’d like to look back at Property Insider’s most recent monthly cheap property league tables, to get a better picture of how prices are moving in the UK’s cheapest property price towns, you can find them here:

Top 15 Cheap Property Investment Locations England & Wales, February 2016

Top 15 Cheap Property Investment Locations England & Wales, March 2016

Top 15 Cheap Property Investment Locations England & Wales, April 2016

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