Affordable hotspots lead first-time buyer price growth

Fishing boats in harbor in Bridlington

As affordability pressures continue to shape the housing market, some of Britain’s most affordable locations are recording the strongest growth in first-time buyer property prices, according to new analysis from Rightmove.

The property portal found that Bridlington in East Yorkshire and St Helens in Merseyside saw the largest annual increases in asking prices for typical first-time buyer homes, with both markets recording growth of 18% over the past year. Falkirk and Hartlepool also posted double-digit increases.

Despite the rises, all of the fastest-growing locations remain relatively affordable, with average asking prices below £170,000, highlighting continued demand for lower-priced homes.

Nationally, however, the average asking price for a typical first-time buyer property, defined as a home with up to two bedrooms, has fallen by 0.7% over the past year to £228,048.

The picture is more subdued in some higher-priced southern markets, where asking prices have declined as buyers become more price-sensitive and have a wider choice of properties available.

Rightmove’s analysis also found that St Albans remains the most expensive location for first-time buyers, with an average asking price of more than £400,000, while Middlesbrough remains the most affordable at just over £90,000.

Rightmove’s Colleen Babcock said: “Affordability continues to shape where first-time buyers are looking, and we’re seeing the strongest price growth in areas where homes remain within reach for more people. Lower-cost locations are still seeing strong interest, with competition for homes helping to hold prices up. In more expensive markets, tenants are taking a bit more time and thinking more carefully about what they can afford, which is keeping growth relatively flat.”

Top 10 first-time buyer hotspots (fastest price growth)

Area Region Average Price Average Price YOY
Bridlington, East Riding Of Yorkshire Yorkshire and The Humber £167,321 18%
St. Helens, Merseyside North West £133,106 18%
Falkirk, Stirlingshire Scotland £118,311 17%
Hartlepool North East £104,276 12%
Dewsbury, West Yorkshire Yorkshire and The Humber £130,133 12%
Greenock, Inverclyde Scotland £93,998 11%
Inverness, Inverness-Shire Scotland £167,009 11%
Great Yarmouth, Norfolk East of England £149,315 9%
Blackburn, Lancashire North West £116,735 9%
Airdrie, Lanarkshire Scotland £106,472 8%

 

Top 10 first-time buyer hotspots (lowest price growth)

Area Region Average Price Average Price YOY
Exeter, Devon South West £201,248 -20.5%
Derby, Derbyshire East Midlands £143,043 -10.2%
Goring-By-Sea, Worthing, West Sussex South East £263,906 -9.2%
Doncaster, South Yorkshire Yorkshire and The Humber £109,477 -8.4%
Torquay, Devon South West £172,835 -7.6%
Motherwell, Lanarkshire Scotland £108,458 -7.3%
Southampton, Hampshire South East £187,443 -7.1%
Parkstone, Poole, Dorset South West £248,963 -6.7%
Hove, East Sussex South East £326,783 -5.4%
Poole, Dorset South West £244,175 -5.1%

 

Most expensive first-time buyer hotspots (outside London)

Area Region Average Price Average Price YOY
St. Albans, Hertfordshire East of England £401,352 2%
Epsom, Surrey South East £374,376 0%
Oxford, Oxfordshire South East £367,503 5%
Clifton, Bristol South West £365,338 -1%
Cambridge, Cambridgeshire East of England £351,126 1%
Brentwood, Essex East of England £347,844 7%
Hertford, Hertfordshire East of England £336,690 1%
Bath, Somerset South West £335,552 -4%
Wokingham, Berkshire South East £332,806 -1%
Hove, East Sussex South East £326,783 -5%

 

Cheapest first-time buyer hotspots (outside London)

Area Region Average Price Average Price YOY
Middlesbrough, North Yorkshire North East £90,929 -1%
Grimsby, Lincolnshire Yorkshire and The Humber £92,031 2%
Kilmarnock, Ayrshire Scotland £92,380 4%
Greenock, Inverclyde Scotland £93,998 11%
Paisley, Renfrewshire Scotland £95,430 -2%
Irvine, Ayrshire Scotland £96,768 6%
Aberdeen, Aberdeenshire Scotland £97,002 2%
Stockton-On-Tees, Durham North East £97,680 -2%
Birkenhead, Wirral, Merseyside North West £100,179 2%
Burnley, Lancashire North West £100,734 0%

 

 

 

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