Getting onto the property ladder has been a challenging prospect for many people in recent times, with rising interest rates making it even tougher.
That means that people looking to buy a home in a cost of living crisis will be scrutinising where the most affordable locations around them are. We’ve taken a look at official data to work out the 10 cheapest neighbourhoods across Manchester.
Average house prices vary dramatically across the different neighbourhoods of Manchester, according to new figures published by the Office for National Statistics (ONS).
The average price paid for a home in the cheapest neighbourhood, Harpurhey North, was less than half the amount an average property in the most expensive area, Chorlton South, would have set a buyer back. The figures are based on ONS analysis of HM Land Registry data on the prices paid for properties in the year up to September 2022.
So, here are the 10 areas of Manchester where potential buyers’ budgets will stretch furthest.
1. Harpurhey North
Harpurhey North was the cheapest neighbourhood in Manchester to buy a home in the 12 months up to September 2022, with an average sale price of £145,000. Photo: Google Maps Photo: Google Maps
2. Harpurhey South and Monsall
In Harpurhey South and Monsall the average price paid for a house in the year up to September 2022 was £153,250. Photo: Google Maps Photo: Google Maps
3. Belle Vue and West Gorton
Belle Vue and West Gorton was the third cheapest place to buy a house in Manchester, with an average sale price of £155,000. Photo: Google Maps Photo: Google Maps
4. Beswick, Eastlands and Openshaw Park
In the Beswick, Eastlands and Openshaw Park neighbourhood the average sale price for a house was £156,250. Photo: Google Maps Photo: Google Maps