cheapest postcodes

Revealed: the UK’s cheapest postcodes per property size

On the hunt for an affordable property? Check out the cheapest postcodes across the UK.

Personal finance website Bankrate has come up with a tool that allows those seeking a new home to find the spot where they get the most bang for their buck.

Their Space To Swing A Cat calculator analyses the average cost of a property based on price per square foot.

Most space for your budget

Home seekers put in their budget for a new home along with the postcode they’re browsing for property in.

The calculator then reveals which postcodes give you the most space to live in for the least amount of money.

According to Bankrate, the TS2 postcode that covers Middlesbrough in the north-east of England will give buyers the cheapest square footage at £43,71 per square foot.

Wales’ cheapest postcode is CF43, which is Ferndale at Rhondda Cynon Taf where £62.94 buys you a square foot of property.

London is most expensive

In Scotland, the cheapest square footage of property can be found on the west coast at Tighnabruaich in Argyll (PA21) for the sum of £64.78.

Head over the Irish Sea to Northern Ireland and BT82 where Strabane’s £95.33 is the cheapest for property by square foot.

As London has the most expensive property in the UK, it’s no surprise that the capital also has the most expensive floorspace, too, in the borough of Westminster (W1K). Expect to fork out an eye-watering £2479.74 per sq ft in Mayfair. That’s about the size of a garden shed.

Top 10 cheapest postcodes

Here are the top 10 cheapest UK postcodes for property per sq ft:

  1. TS2 Middlesbrough, £44 per sq ft
  2. CF43 Ferndale, £63 per sq ft
  3. PA21 Tighnabruaich, £65 per sq ft
  4. NP24 New Tredegar, £68 per sq ft
  5. DG4 Sanquhar, £69 per sq ft
  6. HS3 Isle of Harris, £69 per sq ft
  7. KA16 Newmilns, £70 per sq ft
  8. KW3 Lybster, £70 per sq ft
  9. TS1 Middlesbrough, £73 per sq ft
  10. SR1 Sunderland, £74 per sq ft