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What Areas Offer the Most Affordable Property in Stoke?

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<strong>What Areas Offer the Most Affordable Property in Stoke?</strong>
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Stoke-on-Trent, home to around a quarter of a million people and situated about halfway between Manchester and Birmingham, is an ideal location for those who want to live in a well-connected, up and coming city. There are some areas that are super affordable and great value for money, especially when you consider how much there is to enjoy in this thriving city. 

Living in Stoke 

Make no mistake, there’s plenty of culture – visitors can explore several museums and galleries dedicated to its famous pottery industry, including the Gladstone Pottery Museum and the Potteries Museum & Art Gallery, and Stoke is also home to a number of green spaces, including the Trentham Estate and the Peak District National Park, which is just a short drive away. There are also a variety of cultural and sporting events held in the city throughout the year, such as the Stoke-on-Trent Literary Festival and football matches at Stoke City FC to enjoy too. 

Low Cost of Living 

As a place to live, Stoke-on-Trent has a relatively low cost of living compared to other major cities in the UK, making it an attractive option for those looking to get more for their money. Stoke-On-Trent properties had an average price of £170,599 in the last year. Semi-detached houses were the most commonly sold properties at an average price of £173,149, while terraced houses sold for an average of £113,081 and detached houses sold for £297,453. The sold prices in Stoke-On-Trent were up by 4% from the previous year and 11% higher than the 2020 peak of £153,821. Cash house buyers operate in the local area too and appeal to people who may want to quickly move from one area to another. 

It also has a diverse population and a range of amenities, including shopping centres, restaurants, and nightlife, making it an ideal place for people of all ages and backgrounds.

Where to live 

Like any city, certain areas are more affordable than others. So if you are an investor or someone looking to move to the city for the first time having taken advantage of cash house buyers to get cash to invest in the city, why not take a look at these areas, all of which offer some of the most affordable property in Stoke. 

Burslem

Burslem is one of the six towns that make up the city and was historically known for its pottery industry. Burslem has several notable landmarks, including the Wedgwood Institute and the Burslem School of Art. The area also has a strong sense of community, with a range of local events and activities throughout the year. Properties here had an average price of £112,612 over the last year, with terraced houses the most commonly sold, with an average price of £91,157, while semi-detached sold for an average of £143,792, and detached fetched an average of £200,492. The sold prices in Burslem were up by 4% from the previous year and 11% higher than the 2020 peak of £101,437.

Fenton 

Another of the six towns that make up the city is Fenton, situated to the east of the city centre and home to the award-winning Victoria Park. The area is well-connected, with good transport links and easy access to the M6 motorway. In the last year, the average price of properties in Fenton was £109,437. Terraced properties were the most frequently sold properties, with an average price of £90,101, while semi-detached properties sold for an average of £138,173, and detached properties fetched an average of £147,200. The sold prices in Fenton increased by 8% from the previous year, so it is a well sought after area. 

Northwood, Hanley 

Northwood is residential area located in the heart of Hanley, with a mix of Victorian and Edwardian homes, as well as more modern properties. Notable attractions in Northwood is the Northwood Stadium, which serves as the home ground for the City of Stoke Athletics Club. The stadium has a long and storied history, having hosted numerous high-profile events and competitions over the years. The average price of properties in Northwood  over the last year was £130,000, with sold prices in the area increasing by 105% from the previous year and up 30% from the 2016 peak of £100,000.

Tunstall

The most northern and fourth largest town in the Potteries, Tunstall is situated in the northwest of the city borough and is surrounded by old tile and brick making sites, some of which have been in existence since the Middle Ages. The town is positioned on a ridge of land between Fowlea Brook to the west and Scotia Brook to the east, with its north and west boundaries forming the limit of the city. The average price of properties in Tunstall was £129,965 over the past year with most sales being terraced properties, which had an average price of £90,581. Semi-detached properties had an average sale price of £139,806, while detached properties fetched an average of £260,268. The sold prices in Tunstall increased by 12% compared to the previous year and 19% higher than the peak in 2020 of £108,987.

Where to live & save money in Stoke-on-Trent

If you’re considering investing in property in Stoke-on-Trent or are looking to move to the city for the first time, Burslem, Fenton, Northwood, Hanley, and Tunstall are all great options to consider. Each area has its own unique character, attractions, and amenities, and all offer affordable property prices compared to other areas in the city.

Ultimately, the decision on where to invest or live in Stoke-on-Trent will depend on your budget, lifestyle, and goals, but with so many great options to choose from, you’re sure to find the perfect place to call home.

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