The top 5 cheapest places to live in the North East
Thinking of moving to the North East but on a tight budget? We reveal the five cheapest places to buy property in this region.
If you’re looking for affordable properties near historic attractions and amazing landscapes, it might be worth considering the North East, which includes cities like Newcastle and Durham.
The average property in this region costs £193,566, down 3% over the last year.
The North East has among the lowest regional prices compared to the rest of the UK – you can even buy a property in one area for under £100,000.
Rightmove has revealed the cheapest places to live in the North East, based on data as of April 2024.
Where are the cheapest areas to buy in the North East?
County Durham is among the cheapest places in this region, appearing twice on this list.
| Area | Average asking price |
|---|---|
| Shildon | £97,606 |
| Eston | £113,165 |
| Ferryhill | £117,471 |
| Bensham | £121,101 |
| Walker | £121,174 |
Shildon
Shildon is a town in County Durham with an average asking price of £97,606. It is over an hour from Newcastle by public transport.
The area should benefit from a £20 million investment to transform its Locomotion tourist attraction and reopen the UK’s oldest surviving unaltered suspension bridge, Whorlton Bridge.
Eston
The next cheapest area in the North East is the industrial town Eston in Cleveland, which has an average asking price of £113,165.
Eston is around a 10-minute drive from North Ormesby and is near Flatts Lane Woodland Country Park, which features woodlands and trails to explore.
Ferryhill
Ferryhill is a town in County Durham with an average asking price of £117,471.
It is near scenic countryside and historical attractions such as Raby Castle in Durham, a 30-minute drive away.
Bensham
Bensham is a suburban area in Gateshead with an average asking price of £121,101.
It is near Gateshead town centre, and the award-winning Saltwell Park, as well as leisure and entertainment facilities.
Bensham is also only a half hour from Newcastle by public transport.
Walker
Walker is a suburb in Newcastle with an average asking price of £121,174.
It is near Walker Park, has good transport links and is less than half an hour from Newcastle's cultural and entertainment hubs.
It is also around an hour away from Durham by public transport.
There’s a lot to consider when buying a home, and it’s a stressful process.
It’s worth having a good idea of what you want from your new property both now and in the future, as well as talking to a mortgage broker who can help you find the best deal.
See also:
The most expensive places to live in the North East
The cheapest places to live in the North West
The cheapest places to live in Scotland
The cheapest places to live in Yorkshire
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