An overview of a new housing development (Image: Getty ) A recent study has highlighted the UK towns and cities where newly built homes are most affordable, with prices starting as low as £122,750. Erewash, Derbyshire, tops the list, offering the lowest median price for new builds among all local authorities in England and Wales . The borough has the lowest median price for newly built homes at £122,750.
Largely rural, Erewash includes towns like Ilkeston and Long Eaton, as well as smaller villages . Stoke-on-Trent, Staffordshire, ranks second with a median new housing price of £126,858. Known for its federation of six towns —Stoke-upon-Trent, Hanley, Burslem, Tunstall, Longton, and Fenton—this area is the largest settlement in Staffordshire.
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Located across the River Mersey from Liverpool , Wirral is England's westernmost metropolitan borough. Don't miss..
. Biggest house price falls in the UK in July as price drops month-on-month High rise buildings, flats built in Stoke on Trent (Image: Getty ) Cardiff, the capital city of Wales , ranks fourth with a median new housing price of £155,548. Cardiff is a significant commercial center and a member of the Eurocities network of major European cities.
In fifth place, Liverpool has a median new housing price of £170,950. This major city is part of the Liverpool City Region and is the one of the largest settlements in the north west of England. Other local authorities in the top ten include South Tyneside, Swansea, Derby, Dudley, and Cumberland.
These areas also offer relatively low median prices for new builds. Don't miss..
. Fury in beautiful UK island where young people are driven out by pensioners UK's 'worst' city 'riddled with crime' where houses sell for as little as £70k Two incredible cities 6,000 miles apart that are both the world's richest Trending On the opposite end of the spectrum, Westminster, London , has the highest median new housing price at £1,809,875. This area is primarily composed of high-rise flats and is located in the heart of the city .
“It is notable that both Wirral and Liverpool both rank in the top five positions, along with other large settlements like Stoke-on-Trent and Cardiff", a spokesperson for One Sure Insurance said. "This is likely due to the increase of affordable new housing in boroughs that have the most demand for them from their growing population, whilst Erewash’s low pricing comes from its rural positioning. “There are also many boroughs in the list that lack of data for most types of housing .
This might mean they either only have recorded pricing data for newly built flats and maisonette houses, or they were the only housing types available in those areas last year, which may be indicative of the current housing market.” SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding.
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