Shildon in County Durham has been identified as the most affordable town in Britain for families, according to research by property portal Zoopla. The town boasts an average house price of £82,000. Zoopla's affordability ranking is based on 300 popular towns for families looking to buy three-bed homes, ranked by affordability.
36, and a typical monthly mortgage payment would be £325. The first three areas in the affordability ranking are all in the North East of England, with seven of the top 10 most affordable towns located in that region. Homes in Shildon are three times cheaper than the most affordable towns in South East England.
The housing market is entering one of its busiest periods, with the most homes for sale in many years and at a time when buyers are becoming increasingly focused on value for money.
85. 68. ' He added, 'What stands out is the scale of the affordability gap across the UK.
What stands out is the scale of the affordability gap across the UK. In parts of the North East, families can buy a home for much less than the cost of buying in the most affordable towns in southern England.
While there are affordable options in every region, buyers often face a trade-off between lower house prices and their proximity to major employment centres. Many of the most affordable towns in southern England are coastal meaning better affordability may come at the cost of more expensive travel which may not work for everyone.