The Cambridgeshire town revealed as the cheapest to buy a house

A town in Cambridgeshire has been named the cheapest place in the East of England to buy a house. Zoopla has revealed the most affordable towns and cities in Britain to help those who plan to buy a home in the coming months.

To calculate which areas are the most affordable, Zoopla analysed house value-to-earnings ratios, based on a two-earner household on an average salary for the local area. Wisbech in Cambridgeshire is the most affordable town to buy in southern England with average property values of £209,800.

This is based on a £70,900 estimated annual household income (September 2024). The Cambridgeshire market town came second on the list of regions, after Gainsborough (East Midlands), which was the overall cheapest.

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Peterborough also made the East of England list, with an average house value of £229,300. Izabella Lubowiecka, Senior Property Researcher at Zoopla, said: “Affordability remains a concern for many homebuyers so it is positive to see that there are areas of the UK, such as Southern England, where the affordability of housing has improved.

“London remains the least affordable area for home buyers. Those in London looking to get more for their money may want to consider buying in one of the South East and East of England’s commuter belt, where there are many towns that are more affordable than London. The same is true in markets around many regional cities and we see buyers seeking value for money. ”