First-time Buyers: Cheapest Terraced Houses

Looking to buy your first house in the UK, and wondering where to buy? Prices of course vary massively as you move around the country, with properties in some postcode areas costing markedly more than similar properties in other locations around the UK.

Based on sales data from February to August 2019 (Land Registry data), we've looked at the cheapest and most expensive places where you can buy a terraced house in the UK, based on postcode areas where there have been more than 20 sales of terraced houses during that period.

The results are very interesting, and show just how much property prices vary across the country. The cheapest and most cost-effective place to buy a terraced house in the UK during this time period turns out to be Wigan, where there were 326 sales of terraced houses during the period with an average sale price of £135.952.

As you move down the table, you see the prices getting more and more expensive. Around the middle of the table in value terms you find postcode areas such as Norwich, Coventry, Warrington, York and Worcester.

As things get more and more expensive, you find postcode areas such as Redhill, Cambridge, Guildford and Brighton. As you might expect, all the most expensive places are in London, or in the surrounding area. Most expensive of all is West London, where there were 625 sales of terraced houses with an average sales price of an eye-watering £1,719,632. That's of course way beyound the budget of virtually all house buyers, nevermind first-time buyers. To put that figure into perspective, for the same price as that one terraced house in West London it would be possible to have your own property empire in Wigan by buying 12 terraced houses there with cash left over!

Rank	Postcode Area	Sales in period	Average Sale Value
1	Wigan	326	£135,952
2	Doncaster	667	£137,284
3	Oldham	724	£140,810
4	Wakefield	803	£142,907
5	Preston	676	£143,050
6	Hull	896	£145,273
7	Blackburn	724	£145,465
8	Sunderland	278	£147,939
9	Llandudno	711	£148,216
10	Telford	312	£149,055
11	Swansea	912	£149,179
12	Stoke-on-Trent	840	£149,361
13	Cleveland	448	£150,602
14	Newport	1043	£151,132
15	Bolton	700	£151,583
16	Wolverhampton	520	£151,945
17	Huddersfield	612	£152,830
18	Durham	359	£153,958
19	Carlisle	450	£154,209
20	Blackpool	355	£154,404
21	Lincoln	559	£154,558
22	Halifax	404	£158,102
23	Nottingham	1805	£158,555
24	Dudley	668	£158,627
25	Derby	1257	£158,835
26	Bradford	972	£159,553
27	Liverpool	1138	£159,661
28	Walsall	721	£159,937
29	Darlington	442	£162,267
30	Chester	976	£162,890
31	Llandrindod Wells	63	£164,277
32	Sheffield	1708	£168,472
33	Shrewsbury	574	£168,981
34	Crewe	512	£169,936
35	Leicester	1957	£173,908
36	Lancaster	783	£174,118
37	Galashiels	32	£175,430
38	Manchester	2406	£176,265
39	Hereford	302	£179,116
40	Newcastle upon Tyne	1997	£179,904
41	Cardiff	2252	£181,289
42	Birmingham	4076	£181,366
43	Plymouth	1660	£183,451
44	Peterborough	1665	£184,493
45	Leeds	1686	£185,967
46	Stockport	1683	£188,389
47	Northampton	1801	£188,410
48	Taunton	847	£190,455
49	Norwich	1726	£197,459
50	Coventry	2199	£197,482
51	Warrington	932	£197,709
52	York	1266	£203,338
53	Worcester	534	£203,411
54	Torquay	838	£213,119
55	Ipswich	1264	£214,770
56	Swindon	1204	£216,194
57	Exeter	1561	£218,004
58	Truro	838	£220,046
59	Colchester	805	£227,523
60	Dorchester	575	£234,419
61	Portsmouth	2187	£234,667
62	Rochester	1894	£239,366
63	Gloucester	1410	£239,753
64	Salisbury	463	£243,914
65	Canterbury	1214	£245,620
66	Luton	718	£246,294
67	Harrogate	351	£247,154
68	Milton Keynes	1120	£252,656
69	Southampton	1278	£276,131
70	Southend-on-Sea	947	£276,253
71	Bournemouth	623	£276,914
72	Bristol	2578	£281,924
73	Bath	1104	£284,540
74	Tunbridge Wells	1287	£297,967
75	Chelmsford	1375	£308,841
76	Stevenage	1034	£312,417
77	Reading	1778	£314,768
78	Dartford	1140	£316,101
79	Oxford	1080	£324,540
80	Romford	1413	£325,856
81	Redhill	1041	£332,240
82	Cambridge	848	£332,600
83	Hemel Hempstead	953	£333,294
84	Guildford	1067	£339,220
85	Brighton	1620	£353,856
86	Croydon	738	£376,583
87	Enfield	644	£404,621
88	Watford	494	£408,289
89	Southall	472	£408,875
90	Slough	515	£411,734
91	Bromley	632	£418,201
92	Sutton	492	£425,100
93	Ilford	663	£444,305
94	St Albans	514	£451,196
95	Harrow	478	£476,981
96	Kingston upon Thames	797	£485,748
97	East London	1314	£558,392
98	South East London	1626	£581,469
99	Twickenham	780	£591,387
100	North London	1077	£768,462
101	North West London	391	£1,172,658
102	South West London	1544	£1,188,304
103	West London	625	£1,719,632