Bedfordshire house prices: Where house prices are cheapest for first time buyers in Bedfordshire
House prices, particularly for first time buyers seem to constantly be on the rise, with it becoming seemingly more and more difficult to buy your own place, particularly for first time buyers.
Bedfordshire can be a particularly expensive place for house buyers, with the average house price costing £398,520 over the last year. Overall, sold prices in Bedfordshire over the last year were six per cent up on the previous year.
The majority of sales in Bedfordshire during the last year were semi-detached properties, selling for an average price of £390,272. Terraced properties sold for an average of £325,689, with detached properties fetching £625,745.
Across Bedfordshire, Luton has the cheapest average house prices, with Bedford second cheapest and Central Bedfordshire the most expensive. The average house price in Luton is £275,900, making it the best choice of the three local authorities for first time buyers.
The average house price across Bedford and Central Bedfordshire is more than £300,000. Bedford’s average is £311,000, whilst in Central Bedfordshire it is £362,600.
Buying a home for the first time can be a stressful and challenging time, with house prices so expensive. There is help on offer to those in England looking to buy for the first time.
You may be able buy a home for 30 per cent to 50 per cent less than its market value with the Government’s First Homes scheme. Eligible homes can be a new home built by a developer or a home you buy from someone else who originally bought it as part of the scheme.
You can look for new homes in your area that are advertised by developers as part of the First Homes scheme. The homes cannot cost more than £250,000 in England, after the discount has been applied.