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.
9. Gorton South
In Gorton South the average house price in the year up to September 2022 was also £165,000. Photo: Google Maps Photo: Google Maps
10. Moston West
The 10th cheapest neighbourhood to buy a house in Manchester was Moston West, where you would have been looking at £167,250 on average to buy a house in the year up to September 2022. Photo: Google Maps Photo: Google Maps