Following our recent work with The Sunday Times and Habito, looking at the Best Places to Live 2019, we've joined forces again this week to contribute our data to a further feature, this time looking at the best places to purchase a property for first-time buyers in the UK.
At the heart of this work is our homemover data comprising average starter home exchange prices, not to be confused with initial property asking prices. For the purpose of this piece of work, we have defined a starter home as a one to three bedroom terraced or semi-detached property. Another serious consideration for the first-time buyer list are areas set to do well from above average house price growth over the next five years. Further factors helping to populate the first-time buyer best places to buy line-up include: travel connections - both work and leisure proximity related, broadband speed and air quality.
Each consideration is with the need to appeal to a broad mix of buyers in mind; there is no one-size fits all classification of what it means to be a first-time buyer in 2019 and the numbers for average starter home prices reflect this.
Leading the way at the top of the list is Reading. This Berkshire town is one of Britain's biggest and set to expand further with development in full-swing including a spacious new boardwalk for dining and shopping as well as a rise of new-build homes. Reading has an average starter home price of £325,000.
The full run-down of the best first-time buyer locations includes:
- Reading. Average starter home price: £325,000
- Birmingham: Bearwood. Average starter home price: £259,950
- Bristol: Easton. Average starter home price: £289,995
- Eastbourne, East Sussex. Average starter home price: £260,000
- Edinburgh: Leith. Average starter home price: £250,000
- Leeds: Holbeck Moor. Average starter home price: £76,000
- Liverpool: Toxteth. Average starter home price: £89,950
- London: Barking. Average starter home price: £325,000
- London: Leyton. Average starter home price: £480,000
- Monton: Greater Manchester. Average starter home price: £250,000
- Newcastle: Heaton. Average starter home price: £199,950
- Peterborough. Average starter home price: £175,000
- Southend-on-Sea, Essex. Average starter home price: £290,000
- Swansea. Average starter home price: £117,995
Read the article in full: Reading named the best place for first-time buyers in the UK 2019. Or re-cap on The Sunday Times Best Places to Live 2019.
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