17 towns and cities have many houses for £100,000 or less

Some 17major towns and cities currently have more than 200 family houses for sale at £100,000 or less, approximately three times the average UK salary, online estate agents Housesimple has found.

The top 10 best value towns and cities for families are located in three regions: the North West, North East and Yorkshire.

Sam Mitchell, chief executive ofHousesimple, said: “Even with the challenges and uncertainty surrounding Brexit, we are seeing healthy levels of interest from buyers in northern regions, keen to take advantage of attractively priced properties, affordable mortgage rates and stable local economies.

“Buying the family home is the biggest purchase most of us will ever make. The struggles families have faced buying a house in theSouth have been well documented. Compared to the south, there is substantial value to be found in property markets in regions such as theNorthWest and Yorkshire.

“Although £100,000 is at the lower end of the market, there are also plenty of substantial family houses at prices around £300,000 to £400,000, that would probably be £1m plus in and around London, and unaffordable to the majority of families there.”

Liverpool has 628 houses for sale, with three bedrooms or more, listed at £100,000 or under. All these properties are within a five-mile radius of the city centre. There are 449family homes in and around Rotherham for sale for £100,000 or less.

Not surprisingly, there isn’t a single town or city in theSouth of England that features in the top 40 best value locations for families. Exeteroffers best value in theSouth, but there are still just 23homes on the market at £100,000 or below, within five miles of the city centre.

There are 18 towns and cities that currently have no family houses for sale for £100,000 or less, within a five-mile radius of the centre:of these, 17are in theSouth, including London, Bath, Brighton, Bristol and Cambridge, and the other is Aberdeen in Scotland.