House prices in the UK are continuing to soar, which means that finding a home at a reasonable price can prove quite difficult in today's climate. The average house price in the UK is now at an all-time high of £360,000 after prices climbed for the third consecutive month with an increase of more than £19,000.
Despite property prices rising, fortunately there are some parts of Greater Manchester where houses are much more affordable. On the lower end of the region's property market, you can often find bargain homes for much less than the UK's average house price.
Across five out of the region's 10 boroughs, there are some areas where the standard price of property is below £150,000, according to the latest data from the HM Land Registry. These parts of the region could be considered ideal locations for first-time buyers or someone looking to buy a cheap doer-upper home and increase its value.
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Here are the current cheapest areas to live in Greater Manchester:
Bolton
In the borough of Bolton, you can expect to find a cheap home in Farnworth. The average house price in the town is currently £143,857.
A quick glance on Rightmove shows that there are a few properties available for even less than the average house price, including this two-bed terraced home on the market for £120,000 and a three-bed semi-detached home listed for £140,000.
Manchester
Amongst all of the areas in Manchester, there are just two with house prices lower than £150,000. On the fringes of the city centre, Collyhurst is one of the most densely populated areas in Manchester with the standard price of a property around £130,000.
The cheapest area to live in the Manchester borough is Harpurhey, where you can expect to buy a home for just £122,125.
Oldham
You can find a reasonable priced home in Hollinwood, which is the cheapest area to live in Oldham according to the latest house price data. Here the cost of a home is £145,592 on average.
Rochdale
House prices are cheap in Castleton, part of Rochdale's borough, with an average price of £146,505. Currently on the market is this two-bed terraced home which demonstrates just how affordable the area is, priced at £125,000.
Wigan
Wigan is the cheapest borough to buy a home, with three areas with house prices below £150,000. The cheapest to live across the whole of Greater Manchester is Platt Bridge, where the average house price stands at just £112,320. This is closely followed by Ince, where prices are around £115,242, and Pemberton with a standard property costs £121,543.
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