Taking that first step onto the property ladder can be challenging, especially if you’re not sure where to look. In our guide, we’ll help you to identify the property hotspots of the North West to set your sights on in 2018.
As a Manchester-based residential conveyancing solicitor, we have a wealth of experience in North West property hotspots and the very best places to purchase a new home. We’ve pulled together a few of favourite and affordable places to buy your first home in the North West, read on to find out more!
Houses in Burnley
Burnley came top of the list of most affordable places to buy property for first-time buyers. This market town sits on the edge of an area of outstanding natural beauty and has great transport links to Manchester, Preston and across the North West. In 2016, average property values in the area were around £118,000, making Burnley a great option for those looking to set a foot on the property ladder.
Houses in Salford
Salford is a vibrant and eclectic area. From the bustle of Manchester City Centre to the tranquility of the local countryside, everything you could ever need is less than a stone’s throw away.
Having undergone wide-scale regeneration following the development of Media City, Salford is proving itself to be one of the best areas for first-time buyers. Although the average house price was still an affordable £144,614 in 2016, property prices are increasing at a rate above the national average, so you’ll need to move quickly.
On the plus side, this value increase means that Salford is one of the best places to invest in property in the UK in 2018.
Houses in Liverpool
Liverpool is one of the great UK property hotspots of 2018, with a whopping 87% of properties being affordable to first-time buyers. Well regarded as one of the best places to live for first time buyers, Liverpool has great transport links, a thriving social scene, and a low cost of living. The city is home to incredible history, plenty of green spaces, and of course, The Beatles – what more could you want!
Houses in Copeland
This rural district in Cumbria is one of the best places to live for first time buyers who are looking for a countryside home. House prices in the area are on average just 2.9 times the local average income, making homes affordable and accessible for first-time buyers. Perfect for those looking to escape city life and embrace a quieter, rural way of living.
If you’re looking to become a first-time buyer in 2018, make sure to look at our simple guide to buying a property. If you’d like to find out more about how ET Law Limited can help you purchase your first property, contact us today.