Property Insider

Here are the 15  cheapest property locations for buyers and investors in England and Wales according to Land Registry data as at April 2016.

This month’s figures tend to continue the trend that the most expensive places to invest in property are getting more expensive, while in the ‘bargain basement’ locations prices remain about the same. Blaenau Gwent and Merthyr Tydfil have recorded large annual price rises for the second month in a row – with prices in Blaenau Gwent rising at three times the national average.

Oldham and Hull both experienced solid price rises – although price rises elsewhere mean Hull now becomes the cheapest place to buy or invest in the UK.

Barnsley has now exited the top 15 cheapest property locations for the first time in many months with the average property price there now topping £90,000.

Blackburn with Darwen
Current average property price in Blackburn with Darwen: £71,034
Annual price change: -0.1% ↓

Blackpool
Current average property price in Blackpool: £77,317
Annual price change: -1.5% ↓

Blaenau Gwent
Current average property price in Blaenau Gwent: £72,0819
Annual price change: 17% ↑

Durham
Current average property price in Durham: £77,555
Annual price change: -0.1% ↓

Hartlepool
Current average property price in Hartlepool: £78,146
Annual price change: -3.7% ↓

Hull
Current average property price in Hull: £70,914
Annual price change: 3.9% ↑

Merthyr Tydfil
Current average property price in Merthyr Tydfil: £74,693
Annual price change: 14.2% ↑

Middlesbrough
Current average property price in Middlesbrough: £77,024
Annual price change: 0.4% ↑

Neath Port Talbot
Current average property price in Neath Port Talbot: £84,425
Annual price change: 0.3% ↑

North East Lincolnshire
Current average property price in North East Lincolnshire: £83,947
Annual price change: 2.5%  ↑

Oldham
Current average property price in Oldham: £85,203
Annual price change: 5.2% ↑

Rhondda Cynon Taff
Current average property price in Rhondda Cynon Taff: £76,756
Annual price change: -2.4% ↓

Rochdale
Current average property price in Rochdale: £88,793
Annual price change: -1.8% ↓

Stoke on Trent
Current average property price in Stoke on Trent: £72,490
Annual price change: 1.8% ↑

Sunderland
Current average property price in Sunderland: £86,219
Annual price change: -0.6% ↓

Here’s an article which looks at why some of what seem to be the worst locations can actually offer the best opportunities for investors in April 2016.

But, although cheap property locations have a lot of advantages for property investors there can also be some drawbacks which you need to be aware of. For balance, take a look at this article: The pros and cons of investing in cheap property.