Check out Housing Prices in your area – from BBC news
Just experimented with my postcode, my parents postcode and a few of my friends postcodes
Housing Average Cost —
Cheltenham – £235,899
South Somerset £206,900
Bury St Edmunds – £201,524
Derby – £140,559
That is quite an astonishing difference!
Cheltenham has seen a 1% drop in house prices in the last year, as it is still one of the most desirable places to live. Derby has seen 8.5%, and Bury St Edmunds an 11.9% drop. DCG, Bury is the place to get a bargain if you want to move and have the money, but for cheap, try Derby. For some reason Derby is dirt cheap with houses costing what might buy you a garage in Cheltenham!
Bristol is the place not to own a house though – house prices have fallen -16.1% in the last year.
Mind you I just thought I’d try something else. Just move 8 miles up the road to Gloucester from Cheltenham – the average property is £146,612 – almost as cheap as Derby, and that 8 miles represents ninety thousand pounds saving – whereas houses in Cheltenham are almost the same price as a year ago (and I assume student tenancies and housing demand hold that steady as much as anything) in Gloucester there has been a 15% drop in the last twelve months. So really, at twelve thousands pounds saved a mile, head west young man, to Gloucester!