If you’ve been thinking about moving and want to know where you could get the most bang for your buck, you’ve come to the right place.
We’ve had a look at some of the UK’s most budget-friendly cities and towns, to give you an overview of the costs and attractions of each area.
Before we dive into some of the best towns and cities to move to, here’s a brief national overview of average property and rental prices. If you’re looking at buying a property, average asking prices currently are £355,177 while average UK rent is £1,279 per calendar month (pcm).*^ But there are significant variations around the UK, so let’s take a look.
The UK’s cheapest region in which to live is the North East. Rightmove reports that current average asking prices are £178,574 while HomeLet recorded average rents in the region being £665 pcm.*^
Average UK rental price
|
Average rental cost in the North East |
£1,279 pcm |
£665 pcm |
Average UK asking price
|
Average property price in the North East |
£355,177 |
£178,574 |
Now let's take a closer look at the property and rental figures in some of the UK's budget friendly areas.
Burnley
In the charming old mill town of Burnley, the average asking price for a property ranges between £113,947 and £133,177, while average rents sit at £652 pcm.*^ This contrasts with the North West region's average asking price of £248,770 and average rent of £1,014 pcm.*^
Burnley's natural beauty and historical architecture make it a desirable location. The town offers a variety of properties, from terraced cottages to Victorian residences. With a thriving cultural scene, a strong community spirit, and a direct rail link between Burnley and Manchester, it’s a great location for renters, first-time buyers, commuters, and investors alike.