First-time Buyers: Cheapest Flats and Apartments

If you are looking to buy your first flat or apartment, then congratulations! Whilst it is an exciting time, it can also be quite daunting getting together the money for a deposit and then going on to purchase your first home.

Depending where you live in the country, the amount of money that you'll require to buy your first flat or apartment will vary greatly. Where is the best value place in the UK to buy, in 2019?

Based on the Land Registry data from February to August 2019, we've taken a look at the average sale value for a flat or apartment in each postcode area of the UK, where there have been 20 or more sales over that period.

The data shows that Wigan is the most affordable postcode area of the UK in which to buy your first flat or apartment, with an average sale value per property of £125,350.

Birmingham comes in around the middle in value terms, with an average sale price of £185.002. Anyone who lives in the South East or in the London area in particular will require much deeper pockets: the most expensive area was Western Central London during this period of 2019: incredibly you'd need almost a million pounds to get a flat or apartment there, which would surely rule out the vast majority of first-time buyers!

Below is a table that shows all the data - if you live close to one of the cheaper areas and are currently somewhere more expensive, perhaps you'll even consider relocating in order to take that first step on the property ladder!

Rank	Postcode Area	Sales in period	Average Sale Value
1	Wigan	20	£125,350
2	Dudley	121	£134,521
3	Doncaster	61	£135,304
4	Telford	37	£138,384
5	Huddersfield	53	£140,311
6	Halifax	54	£141,997
7	Northampton	378	£142,011
8	Stoke-on-Trent	125	£145,950
9	Taunton	214	£146,276
10	Leicester	335	£149,523
11	Wakefield	48	£149,925
12	Crewe	100	£152,296
13	Peterborough	351	£152,388
14	Cleveland	57	£152,922
15	Sunderland	26	£153,206
16	Bolton	80	£156,322
17	Newcastle upon Tyne	686	£156,854
18	Oldham	64	£156,912
19	Preston	201	£156,943
20	Nottingham	401	£157,024
21	Blackburn	54	£157,091
22	Liverpool	755	£157,246
23	Wolverhampton	92	£157,886
24	Hereford	63	£160,585
25	Carlisle	68	£160,784
26	Darlington	50	£163,982
27	Sheffield	447	£164,291
28	Norwich	513	£166,721
29	Newport	102	£167,425
30	Derby	127	£167,747
31	Bradford	144	£168,044
32	Colchester	524	£168,556
33	Swindon	428	£168,967
34	Walsall	170	£169,770
35	Ipswich	349	£170,082
36	Cardiff	714	£170,531
37	Durham	28	£172,238
38	Leeds	841	£174,506
39	Luton	409	£175,302
40	Portsmouth	1146	£175,507
41	Swansea	134	£176,330
42	Plymouth	365	£176,632
43	Hull	118	£177,857
44	Shrewsbury	159	£180,107
45	York	435	£181,193
46	Manchester	2167	£181,367
47	Salisbury	191	£181,751
48	Coventry	618	£182,306
49	Canterbury	691	£184,014
50	Birmingham	1782	£185,002
51	Blackpool	135	£185,165
52	Stockport	453	£185,531
53	Chester	313	£186,451
54	Dorchester	303	£187,149
55	Lancaster	191	£187,630
56	Llandudno	155	£191,446
57	Lincoln	77	£193,019
58	Rochester	579	£193,235
59	Exeter	537	£195,040
60	Warrington	253	£196,593
61	Southampton	925	£197,117
62	Gloucester	589	£199,109
63	Southend-on-Sea	729	£200,491
64	Milton Keynes	514	£203,190
65	Worcester	210	£212,884
66	Torquay	441	£214,599
67	Dartford	647	£216,219
68	Stevenage	548	£220,046
69	Romford	739	£220,442
70	Tunbridge Wells	920	£225,431
71	Truro	317	£226,389
72	Harrogate	155	£231,640
73	Chelmsford	966	£232,360
74	Bristol	1710	£233,180
75	Redhill	939	£236,092
76	Bournemouth	1521	£236,198
77	Reading	1399	£239,227
78	Oxford	539	£241,184
79	Bath	408	£243,101
80	Brighton	1919	£252,199
81	Ilford	520	£252,882
82	Guildford	1027	£252,887
83	Hemel Hempstead	649	£253,247
84	Sutton	459	£275,147
85	Southall	523	£276,810
86	Croydon	764	£281,200
87	Cambridge	344	£282,641
88	Enfield	600	£289,040
89	St Albans	470	£302,795
90	Slough	708	£319,756
91	Watford	620	£320,936
92	Bromley	579	£328,629
93	Harrow	825	£353,532
94	Kingston upon Thames	1247	£355,318
95	Twickenham	946	£391,147
96	East London	3336	£454,500
97	South East London	3449	£493,502
98	North London	2349	£499,024
99	North West London	1676	£614,993
100	South West London	3427	£702,416
101	East Central London	239	£852,466
102	West London	1616	£966,331
103	Western Central London	102	£969,901