Yopa analysed current market listings, looking at the number of homes currently listed for sale across Britain with an asking price of £100,00 or less and what this equates to as a proportion of all market listings.
The research shows that there are currently some 494,081 homes listed for sale across Great Britain. Just 5% of these boast an asking price of £100,000 or below.
When breaking Britain down by nation, Scotland is home to the most £100,000 or fewer homes, with 17% of all homes currently listed for sale coming in at or below this price threshold versus 6% in Wales and just 5% in England.
However, further analysis by Yopa of the current market landscape across Britain’s major cities has revealed that there is hope for English homebuyers who are in search of an affordable home.
In fact, Bradford tops the table of all British major cities, where no less than 16% of all homes currently listed on the market have an asking price of £100,000 or below.
Liverpool ranks second with 14%, whilst Glasgow comes in third at 13%.
Newcastle is the only other city where this proportion of market stock hits double figures, with 11% of all homes listed for sale at £100,000 or below.
In contrast, this proportion of market stock accounts for just 0.6% of all homes listed for sale across London and just 0.8% in Edinburgh.
CEO of Yopa, Verona Frankish, commented: “Such has been the rate of house price inflation in recent years that, in some areas of the market, the £100,000 home has become all but extinct. However, whilst their availability may have dwindled they can still be found, even in major cities where house prices tend to be higher.
"Of course, they are likely to be smaller than most, or in need of renovation, but for homebuyers who are struggling to get that first foot on the ladder in order to build bricks and mortar equity, they could be just the ticket.”
