What you can get for… under £200,000 in the North West
Affordable Shared Ownership homes in the North West
If you want an area that has the lifestyle charms of London living at a much lower price, look no further than the North West. With popular areas like Manchester and Merseyside, the North West is an area that excels when it comes to the arts, historic attractions, and areas of natural beauty. But while living in the North West is notably cheaper than in the capital city, prices have nearly tripled here in the last 20 years!
Whether you want to be immersed in the musical culture of Liverpool, or the rich history of Manchester, buying a home in the North West will usually cost you a pretty penny. However, there are more affordable options for people seeking to get on the property ladder here. If you need a helping hand, join us as we explore some of the best homes under £200,000 in the North West, available through Shared Ownership.
How much did homes used to go for in the North West?
While current first time buyers face a little bit of an uphill battle to buy their first home, previous generations didn’t have to go through half as much trouble. Back in 1999, the average house price in the North West was just £50,000. That means you’d need as little as a 10% deposit of £5,000 to get your home-buying dreams underway!
Since the humble years of 1999, the average cost of a home in the North West has ballooned, reflecting the area’s growing popularity as a cultural hub in the UK. Now you can expect to pay anywhere upwards of £200,000 to get on the property ladder – a considerable challenge for most first time buyers. Find out the average cost to buy a home from region by region:
Chester – £296,000
Salford – £190,000
Liverpool – £188,000
Manchester City Centre – £430,000
Manchester Victoria Park – £233,000
Manchester Openshaw – £225,000
Preston – £206,000
Warrington – £264,000
How to find an affordable home in the North West?
With rising house prices over the past two decades, buying a new home in the North West has become a bit complicated for first time buyers. But that doesn’t mean you have to give up on your dream home just yet. At Share to Buy, you can discover a variety of affordable homeownership schemes in this culturally rich part of the UK. Discover a pick of the best below:
£97,500 (share percentage 50%) – Two bedroom apartment in Chester
Looking for an affordable home in lush surroundings? This Shared Ownership apartment at Kings Moat Garden Village should fit the bill with the tranquil River Dee, majestic architecture and Chester racecourse located nearby.
These apartments from Sage Homes are about as affordable as it gets for first time buyers. This is because they are available through Shared Ownership, a house scheme which enables you to buy a smaller share of your home, while you rent the remainder. As an added bonus, you’ll get to enjoy stunning travel links, with Wrexham and Liverpool just a short drive away.
£95,250 (share percentage 50%) – Three bedroom house in Liverpool
Saving up enough money for a family home can be a bit of a pain, but Shared Ownership can help lighten the burden on your shoulders. Just take this stunning three bedroom home at Whitefield Brook. Complete with two double bedrooms and plenty of highly rated primary and secondary schools nearby, this home from Your Housing Group is the perfect environment to raise a young family of your own.
But Whitefield Brook isn’t just family-friendly – there’s plenty of features for adventure-seeking adults to take advantage of. Kirkby Shopping Centre is the perfect spot to indulge in some retail therapy, while Liverpool One – a huge shopping centre complete with restaurants and great stores – is just six miles away. With Kirkby train station less than a mile away, it’s the perfect platform to explore the city centre or get around for work.
£55,475 (share percentage 35%) – One bedroom apartment in Manchester
Eager to land an apartment of your own, but don’t quite have the funds yet? This one bedroom apartment at Furness Quay in Salford Quays, available from Latimer by Clarion Housing Group, could be the answer to your prayers. Available through Shared Ownership, you can enjoy a speedy move-in process with as little as a deposit from £2,774. For that price, you’ll enjoy a spacious open-plan kitchen, a communal roof terrace, and sumptuous views of the Quays.
But those aren’t the only charms of Furness Quay. Live here and you’ll get to enjoy great travel links that get you to Manchester city at a moment’s notice, or even further around the UK. There’s also a selection of entertainment options on your doorstep, whether you want to rummage through The Maker’s Market at the Lowry Outlet, or catch a play at the Lowry Theatre.
£66,500 (share percentage 35%) – Two bedroom house in Preston
When it comes to buying your first home, it’s nice to know that you have somewhere to take a break and lose yourself in nature. In that regard, The Meadows couldn’t be better placed (or named). These two bedroom houses in Preston are closely located to some of the best green spaces in the area, giving you plenty of scope to unwind in the countryside.
Available through Shared Ownership, The Meadows is available through LWC Sales & Lettings Limited, and gives you an affordable route to one of the most tranquil parts of Preston. But that doesn’t mean you won’t have the option to switch up the pace now and then. With plenty of great transport connections, you can get out exploring the wonders of Preston City Centre whenever you please.
Are you on the lookout for an affordable home in the North West?
Whether you want an affordable apartment in areas like Liverpool or Manchester, you can find your dream home today at Share to Buy.
Information correct at time of publishing on 13/01/2024.