Rural Living In England – Is It Affordability?
The cost of living is rising across the UK, and people need to consider their finances in every aspect of life. There is no getting away from the fact that house prices are rising.
If you are looking for an affordable home, while being close to nature, you need to know how affordable rural living is in England.
As you would expect from prestige & Village, this is an issue we stay in touch with.
Affordability is a growing issue in the housing market
Grainne Gilmore, Head of Research at Zoopla has spoken about affordability of houses, and it is inevitable that some people will look to rural houses.
Grainne said; “The cost-of-living crisis has meant that affordability has been pushed to the forefront of buyers’ minds this year, more than ever. Our affordability data helps buyers to make informed decisions about where their money may go further across Britain, especially those who may have hidden equity in their home. Once again, we are seeing that many of the most affordable areas for potential home buyers are across Scotland and the North of England which could be attractive to those still searching for the perfect post-pandemic family space.”
There are some fantastic rural settings which are affordable
At Prestige & Village, we operate across the country, and we know there are many fantastic options to consider.
If you are looking in the North East of the country, you will be surprised at the affordability of brilliant homes in some places. County Durham is known as one of the leading value for money destinations in the English housing market. It is possible to buy a terraced home for less than £100,000.
There is also a lot to see and do in the area. County Durham plays host to UNESCO World Heritage sites. You can enjoy sprawling greenery, but in places like Darlington, you also have a big town with employment opportunities on offer. Moving to a location such as County Durham enables you to enjoy affordable rural living without being completely out of touch with urban life.
Anyone looking at the North West of the country should consider locations such as Copeland in Cumbria or Wyre in Lancashire. For the average flat, you will pay close to £85,000 in Copeland and in Wyre, located on a famous river, you will pay less than £80,000 for a flay.
This is a brilliant option for those who want to enjoy a rural setting with a National Park and the Yorkshire Dales within easy reach. If you want more life, destinations like Blackpool and Lancaster are nearby, so you can enjoy the best of both worlds.
Contact Prestige & Village for all your property market needs in 2022
At Prestige & Village, we care about our community, and supporting others. We aim to provide you with as much help and assistance as we can. If you have any property or housing questions, please feel free to contact us today.Back to blog