Greater Manchester vs London house prices: What you can buy for £50,000


Across the UK house prices fluctuate largely depending on where you live.

When looking at what properties you can buy for the same amount across the country – the north-side divide becomes all the more evident.

And while parts of Greater Manchester are now far from cheap, house prices in London are said to be up to seven times more expensive than homes in the north.

MyLondon recently revealed London’s ‘smallest’ flat is currently up for sale for £50k – but despite the cheap price for a life in the capital, it is really tiny.

READMORE: How much first-time buyers need to earn to buy a home in Greater Manchester

The studio flat in Clapton, Hackney is only 75 square foot, with simply just a single-bed, cupboard, shelves, microwave, space for a small fridge, fold-out table, a sink, no hobs though, and a separate toilet.

Inside the tiny flat

The price tag of this flat, which is set to go to auction, is just less than the average first-time buyer deposit in London which is currently £53,935, according to Halifax.

Here we compare what flats and apartments you can buy for £50,000 across Greater Manchester to see how much more, or less (if that’s possible), you can get for your money.

St Marys Hall Road, Crumpsall

£35,000

Inside the flat in Crumpsall

The cheapest flat currently on the market is in Crumpsall – and it’s listed for a bargain price of £35,000.

Although it’s set to go to auction, this ground floor apartment is much more spacious – and cheaper – than London’s £50k flat.

The one bed home has an entrance hallway that leads into a lounge diner, a separate kitchen, one bedroom and a bathroom.

Baguley Crescent, Middleton

£45,000


Also set to go to auction in Middleton with a starting price of £45,000 is this ground floor flat.

The apartment seems to be fairly spacious with a hallway, lounge, kitchen area, one bedroom and a bathroom.

Auction house Edward Mellor Ltd said: “With rents in this location being around £500 per month, it offers a potential yield when modernized of between 12 and 14% and is just approximately five miles north of Manchester city centre.”

Cooper Fold, Middleton

£45,000

Inside the ground-floor flat

This one-bed flat is up for sale for £45,000 in Middleton with a decent amount of space in comparison to the London flat.

The ground floor flat is made up of a hallway, kitchen, living room, bedroom and bathroom.

It is situated within easy reach of local schools, shops and supermarkets and is a short distance from the M60 and M62.

Boundary Street, Leigh

£50,000

The £50k flat in Leigh

Greater Manchester’s equivalent to the London flat priced at £50,000 has much more to offer.

This ground floor flat in Leigh has one bedroom and benefits from a communal garden and parking space.

On the listing it looks as though this flat has a kitchen living room, one bedroom and a bathroom.




www.manchestereveningnews.co.uk

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George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

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