UK city named one of the cheapest places to live with £139k homes
UK city named one of the cheapest places to live with £139k homes
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If you’re thinking of relocating to save money, a university city in England has the cheapest house prices but is also steeped in history with a UNESCO-listed castle, cathedral tower and tree-lined river. House prices have been rising in the UK for years and buying a home remains one of the most expensive things you will ever do. With the cost of living crisis showing no signs of slowing, many are struggling to keep up with their current mortgage payments and could be considering relocating to a cheaper area than they currently live. Average house prices in the UK last year rose to £293,000, according to government statistics. However there are towns and cities in the country where you can purchase a property for a lot less.
In its list of the cheapest places to live in the UK, u homes placed Durham in northeast England in the top spot. As well as house prices they looked at the cost of living in each area. "Durham is widely acknowledged as the least expensive place to live in the UK and has the most affordable living expenses in 2024," it stated. In November 2024, the Office for National Statistics found that the average house price in County Durham was £139,000, while private rent averages stood at £584 per month.
Although it’s a cheap place to live and buy property, Durham, situated south of Newcastle, also offers its residents and visitors much more. It is steeped in history, having been founded by William the Conqueror and still maintains much medieval grandeur. There are many castles and palaces in the city, including the impressive Raby Castle, which was built in the fourteenth century.
