Towns are revealed where home buyers can save up to £50,000 buying a property

Prospective homeowners could pouch an mean redeeming of astir £50,000 by opting for a location successful 1 of the country's caller towns alternatively of the wide market, according to caller analysis.

Halifax reports that your emblematic property price successful a caller municipality stands astatine £300,656, versus the UK mean of £346,995. Over the past 30 years, the mean terms of a caller town-located property has risen by 441%, somewhat lagging down the mean for the UK, wherever prices are up by 454%.

Topping this illustration is Crawley successful West Sussex, which has spot a 543% emergence successful spot prices from £63,712 successful 1994 to £409,836 today. Not acold down is Craigavon successful Northern Ireland, with a 524% leap from £31,189 up to £194,560. Hemel Hempstead, lauded for its "magic roundabout" and coveted commuting links to London which has witnessed a 520% climb, with expanding mean location values rising from £70,502 to £436,986.

Overall, the probe suggests that those hunting for houses successful caller towns are apt to bargain properties astatine prices good beneath those of the wider area. The astir melodramatic determination terms disparity tin beryllium seen successful Peterlee, County Durham, wherever homes are priced astatine £127,853 - that's 41% cheaper than the North East's mean of £218,228.

Following suit is Peterborough successful Cambridgeshire, wherever houses commercialized astatine 27% little connected mean compared with the wider East of England – a quality betwixt £292,103 and £402,248. A large propulsion for caller towns followed the Second World War, driven by the request to rebuild and supply lodging for those displaced by bombing and demolition programmes.

Halifax's survey includes developments nether the New Towns Act 1946 and aboriginal laws. Amanda Bryden, caput of Halifax Mortgages, commented: "New towns person played an important relation implicit the years successful helping to supply additional, affordable lodging options crossed the UK."

“With the Government’s ambitious program to physique a caller procreation of caller towns, our probe shows that portion they connection homeowners the imaginable to payment from important terms growth, they besides contiguous charismatic opportunities for first-time buyers. It’s captious that a caller towns argumentation prioritises affordability and sustainability.

“Placing societal and affordable lodging options, energy-efficient buildings, greenish spaces, and accessible nationalist transport astatine their halfway would springiness a wide awesome to some investors and developers that these vibrant communities volition not lone code the existent lodging shortage, but besides lend to a much sustainable future.”

This probe is based connected information from the Halifax’s ain lodging statistic database. The prices utilized were averages for the 12 months to August successful a fixed year.

– Here are the apical 10 caller towns for location terms maturation implicit the past 30 years, according to Halifax, with the mean location terms successful 1994, the mean successful 2024 and the percent increase:

1. Crawley, South East, £63,712, £409,836, 543%

2. Craigavon, Northern Ireland, £31,189, £194,560, 524%

3. Hemel Hempstead, South East, £70,502, £436,986, 520%

4. Northampton, East Midlands, £55,518, £337,421, 508%

5. Milton Keynes, South East, £69,464, £419,005, 503%

6. Corby, East Midlands, £46,465, £275,709, 493%

7. Basildon, South East, £56,024, £327,314, 484%

8. Stevenage, South East, £63,639, £364,132, 472%

9. Antrim, Northern Ireland, £39,482, £223,110, 465%

10. Peterborough, East of England, £51,838, £292,103, 463%

– And present are the apical 10 caller towns with the biggest discount to determination spot terms successful 2024, according to Halifax, with the determination mean location terms followed by the caller municipality mean location terms and the emblematic percent “discount” for radical buying successful a caller town:

1. Peterlee, North East, £218,228, £127,853, 41%

2. Peterborough, East of England, £402,248, £292,103, 27%

3. Skelmersdale, North West, £264,362, £193,095, 27%

4. Irvine, Scotland, £243,707, £178,322, 27%

5. Basildon, South East, £444,096, £327,314, 26%

6. Washington, North East, £218,228, £165,157, 24%

7. Runcorn, North West, £264,362, £203,658, 23%

8. Harlow, South East, £444,096, £345,248, 22%

9. Glenrothes, Scotland, £243,707, £194,691, 20%

10. Cumbernauld, Scotland, £243,707, £198,184, 19%

– And present are the apical 10 caller towns for the slightest expensive, first-time buyer, spot terms successful 2024, according to Halifax, with the mean terms of a first-time purchaser location and the emblematic percent discount compared with the wider region:

1. Peterlee, North East, £108,256, 39%

2. Washington, North East, £119,625, 32%

3. Skelmersdale, North West, £146,527, 35%

4. Irvine, Scotland, £153,641, 22%

5. Cumbernauld, Scotland, £153,680, 22%

6. Glenrothes, Scotland, £167,563, 15%

7. Newton Aycliffe, North East, £167,965, 5%

8. Runcorn, North West, £172,483, 23%

9. East Kilbride, Scotland, £181,782, 8%

10. Derry/Londonderry, Northern Ireland, £183,670, 1%