With the average UK home now reaching a daunting £291,030, according to the latest figures from Halifax, many prospective homeowners are left wondering if their dream of property ownership is just that—a dream. However, there’s good news for those looking to buy in Greater Manchester this year. An exclusive analysis by the Manchester Evening News, utilising the latest Land Registry data, shines a light on the top 10 most affordable areas in Greater Manchester, making the dream of home ownership a bit more attainable.

Greater Manchester’s Affordable Areas

For those with their hearts set on Greater Manchester, certain postcodes are proving to be a silver lining amidst the cloud of high property prices. The analysis ranks areas by the lowest average house price, offering a beacon of hope with prices kicking off from a surprisingly low £144,710. What’s more, some areas have even seen a decrease in prices compared to last year.

The Top 10 Cheapest Postcodes

1. OL8 – Bardsley, Oldham: Leading the pack is Bardsley, where the average home costs just £144,710, marking a 4.7% decrease from the previous year.
2. M38 – Little Hulton, Salford: A close second, homes here average £155,760, with a slight 0.8% decrease in the last year.
3. OL1 – Chadderton and Higginshaw, Oldham: Offering great value, the average price stands at £159,390, after a 10% drop from last year.
4. BL4 – Farnworth and Kearsley, Bolton: Here, the average home is priced at £166,630, down by 2.7% over the last year.
5. WN2 – Wigan Area: Covering parts of Wigan, the average price is £166,480, a 2.6% decrease from the previous year.
6. WN7 – Wigan Area: Another Wigan postcode with an average price of £167,970, showing a 4.9% fall in the last 12 months.
7. BL3 – Little Lever, Bolton: Homes average £168,590, interestingly up by 1.3% from last year.
8. M18 – Abbey Hey and Gorton: These areas offer homes at an average of £170,150, with a 1% increase over the last year.
9. M46 – Atherton, Wigan: The average home price is £173,200, after an 8.5% decline from the previous year.
10. WN3 – Ince and Winstanley, Wigan: Rounding off the list, homes average £173,270, marking a 7.4% decrease.