Blackburn has been named one of the best places in the UK for first-time buyers, according to a recent report by the Halifax.
The shortlist of locations, which considered the average first-time buyer purchase price, followed by the percentage difference between that and the average price in the wider location, highlights the growing appeal and affordability of property in Blackburn. When compiling its list, the bank also took into account survey data about first-time buyers’ priorities, including links to major cities, access to good schools, proximity to green spaces and local regeneration.
Here we look at some of the reasons Blackburn is a prime location for aspiring homeowners.
Affordability and Accessibility
One of the reasons why Blackburn has emerged as a hotspot for first-time buyers is its affordability. Compared to other major cities in the UK, property prices in Blackburn are significantly lower, making it more accessible for those on a tight budget. Additionally, Blackburn is conveniently located, with convenient transport links, making it easy for residents to access job opportunities, schools, and amenities.
Investment Potential
Investing in property in Blackburn also carries significant potential. The town has experienced significant growth and development in recent years, with ongoing regeneration projects enhancing the local infrastructure and attracting new businesses and investments.
Great Schools and Education
Blackburn offers a wide range of excellent schools, making it an ideal choice for families looking to settle down. The town is home to reputable primary and secondary schools, as well as colleges and nearby universities within easy reach, providing opportunities for further education. This commitment to education is another reason why Blackburn is an attractive option for first-time buyers, as it offers a supportive and nurturing environment for young homebuyers.
The news comes as Chorley and Lancaster have been identified among UK’s most affordable places to live. Research which compared data on house prices, average salaries, insolvency rates, ranked Chorley in 7th place while Lancaster is ranked in 9th place.
Contact a Chartered Surveyor in Lancashire
Blackburn offers an ideal environment for first-time buyers, making it the perfect choice for those seeking homeownership within a welcoming and inclusive community.
When purchasing any property, it is recommended to instruct a Chartered Surveyor to conduct a survey. Lea Hough offers a range of surveys that are suitable for first time buyers. To obtain a quote, please get in touch.
