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UK Housing News

New build data shows the 10 cheapest towns to buy a home

The average price of a new build home in England stands at £407,662.14, the most recent data has revealed. 
 

By scraping Land Registry data, the architectural visualisation experts at Modunite have identified the local authorities offering the cheapest new-build homes in England.

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Modunite

Key findings: 

  • Hyndburn offers the cheapest new-build homes, with the average home selling for £136,636

  • New-build homes in the North East remain the cheapest, selling for an average of £256,826.33

  • Stoke-on-Trent is the cheapest place to buy a new-build home outside of the North of England, at an average of £222,495

  • Hammersmith and Fulham have seen the largest drop in new-build home prices Y-o-Y (-11.9%), however they are still almost double the price of the countries average (£733,023) 

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Hyndburn has the cheapest new-build homes in England 

Modunite can reveal that Hyndburn currently has the cheapest new-build homes in England, with the average home selling for £136,636 according to land registry data. This is almost three times less than the country's average of £407,662.14. Despite being the cheapest in England, new-build homes in Hyndburn have seen a 14.1% increase Y-o-Y. 

Burnley ranks second, with the average price of a new-build standing at £158,664 according to land registry data, 2.5 times less than the country’s average. Despite new-build homes increasing by 5.1% Y-o-Y, this percentage increase is the lowest increase among all new-build homes in the North West region. 

Stockton-on-Tees has the third cheapest new-build homes, standing at an average of £190,477, two times less than the country’s average. Despite being the third-cheapest local authority, the average price for a new-build home in Hyndburn has in fact increased by 3.7% Y-o-Y. 

New build homes in the North East remain the cheapest 

When comparing by region, purchasing a new-build home in the North East remains as the cheapest option, with the average price standing at £256,826.33 - 1.6 times less than the country’s average of £407,662.14.

Yorkshire and the Humber is the second cheapest region, where the price for a new-build home stands at £287,760.31, according to land registry data. 

London remains the most expensive region, with the average price of a new-build home costing over half a million pounds (£593,162.91).

Stoke-on-Trent is the cheapest place to buy a new-build outside of the North.

If you’re looking to purchase a new-build outside of the North, Stoke-on-Trent is currently offering the cheapest homes. The average price of a new-build in Stoke-on-Trent stands at £222,495, almost half the price of England’s average of £407,662.14.

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