New research has revealed that a number of areas across East Lancashire are some of the cheapest places to buy a house.
Burnley, Pendle, Hyndburn and Blackburn with Darwen all feature in the top ten list, with Blackpool nabbing a spot too.
The research, conducted by PlumbNation, analysed the figures on average property prices compared to the average size of a home in each area around the country.
The following list rates the cheapest areas per square metre by rank, local authority, average house price, median floor space (sq m) and average cost per square metre.
1 Blaenau Gwent, £121,739, 96, £1,268
2 Burnley £112,394, 88, £1,277
3 Hyndburn £122,510, 95, £1,290
4 Pendle £118,671, 91, £1,304
5 County Durham £124,667, 94, £1,326
6 Blackpool £127,286, 90, £1,414
7 North East Lincolnshire £139,504, 97, £1,438
8 Merthyr Tydfil £138,102, 96, £1,439
9 Blackburn with Darwen £135,650, 94, £1,443
10 Copeland £139,946, 96, £1,458
The Welsh borough of Blaenau Gwent ranked first as the least expensive local authority for homebuyers, with a square metre of property costing just £1,268 on average.
The least expensive English authority is Burnley, which is actually the cheapest place in the country when it comes to average house prices in general, at £112,394.
Combined with an average property size of 88 square metres, this equals a cost per square foot of just £1,277, which is over 20 times lower than some parts of central London.
Two of Burnley’s neighbouring areas, Hyndburn and Pendle, ranked third and fourth with a marginal difference between the average cost per square metre.
The median floor space in Hyndburn is 95 square metres, each with an average cost of £1,290.
The average property price across the nation is £271,368, with an average cost of £2,936 per square metre.
All of the UK’s most expensive areas are located within London boroughs - with Kensington and Chelsea, Westminster and the City of London in the top three.
The most expensive non-London areas are all still located in the South - with Elmbridge, Mole Valley and Three Rivers (in Hertfordshire) ranking in the top three.
You can read the full research here: www.plumbnation.co.uk/blog/bang-for-your-buck/
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