The UK areas near pricey postcodes where you can save money on a home

Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleA new study by Lloyds Bank indicates that properties in postcodes adjacent to more expensive areas are, on average, 28 per cent cheaper. The analysis compared higher-value postcodes across the UK with their less costly immediate neighbours, revealing significant potential savings for homebuyers. In some regions, the price difference is substantially wider; for instance, homes in Blyth (NE24) in the North East are 47 per cent cheaper than in neighbouring Whitley Bay (NE26). London buyers could save approximately 30 per cent (£232,419) by opting for NW2 (Cricklewood, Dollis Hill) over the more expensive NW3 (Hampstead, Belsize Park). Amanda Bryden, head of mortgages at Lloyds, advises that looking just beyond sought-after postcodes can provide more affordable options while retaining access to jobs, transport, and amenities, particularly benefiting first-time buyers. In fullStudy shows the pricey postcodes to look near if you want to save money on a homeMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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