Property Insider

Cheap property can be an excellent opportunity for property investors. Cheap property can mean lower outlay (and lower stamp duty!), lower mortgage interest costs and to some extent less risk.

To guide you towards those cheap property investment opportunities here are the 15  cheapest property locations in England and Wales according to Land Registry data as at March 2016.

Key movers and shakers this month are Blaenau Gwent and Merthyr Tydfil in Wales, where annual price rises met the England & Wales national average of 7.1%, while Hull and Stoke both recorded notable annual price rises, suggesting the markets could be on the move there. Meanwhile both Hartlepool and Sunderland recorded notable annual price falls, equalling or exceeding the highest property price falls nationwide.

Barnsley
Current average property price in Barnsley: £88,029
Annual price change: 1.2% ↑

Blackburn with Darwen
Current average property price in Blackburn with Darwen: £70,333
Annual price change: -0.2% ↓

Blackpool
Current average property price in Blackpool: £77,569
Annual price change: -1.1% ↓

Blaenau Gwent
Current average property price in Blaenau Gwent: £65,659
Annual price change: 7% ↑

Durham
Current average property price in Durham: £78,540
Annual price change: 2.6% ↑

Hartlepool
Current average property price in Hartlepool: £70,998
Annual price change: -3.8% ↓

Hull
Current average property price in Hull: £71,567
Annual price change: 3.9% ↑

Merthyr Tydfil
Current average property price in Merthyr Tydfil: £69,959
Annual price change: 7.8% ↑

Middlesbrough
Current average property price in Middlesbrough: £76,387
Annual price change: -0.2% ↓

Neath Port Talbot
Current average property price in Neath Port Talbot: £88,598
Annual price change: -1.1% ↓

North East Lincolnshire
Current average property price in North East Lincolnshire: £83,586
Annual price change: -0.2% ↓

Oldham
Current average property price in Oldham: £84,191
Annual price change: 2.5% ↑

Rhondda Cynon Taff
Current average property price in Rhondda Cynon Taff: £77,797
Annual price change: 0.1% ↓

Stoke on Trent
Current average property price in Stoke on Trent: £73,475
Annual price change: 3.9% ↑

Sunderland
Current average property price in Sunderland: £83,718
Annual price change: -3.2% ↓

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 March 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