Cumbrian village among the top 6 cheapest postcodes in UK

With constant inflation rises, the opportunity for first-time buyers to get an affordable and reasonable mortgage offer is challenging.

This leaves people either not moving out at all or paying to rent a place instead.

Responding to this ongoing change, Online Marketing Surgery and Cardinal Steels have created their House Postcode Report, which ranks postcodes in Britain based on their average house price.

Hello & hope everyone’s enjoying weekend. 😃

It’s been changeable here but unperturbed earlier we drove the across the county - accompanied by Maria Callas & Puccini arias - to St Bees, on the coast !

It’s a small, friendly town, close to Egremont, but not much going on. 👉 pic.twitter.com/Ws17eRf5k8

— Mr Pål Christiansen (@TheNorskaPaul) September 9, 2023

Where is the cheapest postcode to live in Cumbria?

In 6th place, Moor Row in Egremont was named.

Moor Row (CA24) - Cumbria - £98,083

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The top 5 cheapest postcodes in the UK:

1. Middlehaven (TS2) - North Yorkshire - £49,833
2. Bradford City Centre (BA1) - West Yorkshire - £64,960
3. Middlesborough Town Centre (TS1) - North Yorkshire - £68,837
4. Brambles Farm (TS3) - North Yorkshire - £83,838
5. Shildon (DL4) - County Durham - £86,993

They used property price data from the HM Land Registry, working out the average house prices for all postcodes in Britain from January 2023 to January 2024.

The area with the highest average house prices is Hannover Square and the W1S postcode at a huge £5,662,000.

Outside of London, the highest area for house prices is Cobham and the KT11 postcode in Surrey with a price of £1,395,369.