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.
5. Clayton Vale
A house, on average, was bought for £158,000 in Clayton Vale in the year ending September 2022. Photo: Google Maps Photo: Google Maps
6. Abbey Hey
In Abbey Hey the average price of a house in the 12 months up to September 2022 was £160,000. Photo: Google Maps Photo: Google Maps
7. Boothroyden and Higher Blackley
£160,000 was also the amount you would have needed, on average, to buy a house in the Boothroyden and Higher Blackley neighbourhood. Photo: Google Maps Photo: Google Maps
8. Strangeways
In Strangeways the average price paid for a house was £165,000. Photo: Google Maps Photo: Google Maps