Halifax publishes value for money property index

| July 10, 2007 | 0 Comments

The Halifax has drawn up a list of towns across the UK that offer good value for money for first-time buyers and those considering relocation.

The bank has studied property prices in 549 post towns and ranked them according to the Halifax Quality of Life Index.

For example, Chesham in Buckinghamshire came high in the survey as it was ranked 6th best place to live in the Quality of Life Survey and the average price of a flat is £150,000.

Sleaford in Lincolnshire, which was ranked 129th best place to live by the Halifax survey, gives the best value in semi-detached homes with the average price below £150,000.

The best value in terraced houses is to be found in Stowmarket in Suffolk, where the average price is £133,221.

The most affordable places to live are in Scotland: in Belshill the average price for a flat is just under £65,000 and in Lochgelly a terraced property will cost around £70,000 on average.

Of the towns surveyed, 67% had an average price for a flat below £150,000 and househunters seeking property in this price range should look to the North of England and East Midlands where the average price applied to all the towns surveyed.

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