The KA24 postcode in Scotland is the most affordable pocket of the national property market, new data has shown, with an average property price of £55,583 ($75,469).
Research by estate agency Keller Williams UK looked at average house prices in postcodes around the country and found that KA24, located to the south west of Glasgow in Dalry, had the nation’s lowest average house price.
The Upper Ingleston postcode of PA15 ranks as the second most affordable in Britain and Scotland, with an average house price of £56,652.
CEO of Keller Williams UK, Ben Taylor, said that “as a nation, we’re obsessed with property and this obsession often focusses on the most expensive areas. As a result, some might struggle to believe that there are parts of the UK market where the average property price sits below £60,000.”
The third most affordable in Britain and most affordable in England is the BD1 postcode in Bradford, with an average house price of £59,593.
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England’s other most affordable property pockets include the TS1 postcode in Middlesbrough (£62,975), the DL4 postcode north of Darlington (£67,085), the SR1 postcode in Sunderland (£69,108) and the DN31 postcode in Grimbsy (£75,510).
The most affordable postcode in Wales is NP24 with an average house price of £81,925, closely followed by the CF43 postcode (£83,599).
At the bottom of the list is London where the cheapest postcode is home to “an eye-watering average property price” of £296,115, the report said.
Taylor also noted that the most affordable postcodes by region highlights “the huge disparity between property prices in areas such as London and the South East when compared to the likes of the North East and Yorkshire. To think there is a gap of over £200,000 between the cheapest area of Yorkshire and its London counterpart is quite frankly crazy.”
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