Inside England's cheapest city – where you can buy a house for just £40,000

31 July 2023 , 13:25

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Inside England's cheapest city – where you can buy a house for just £40,000

Prospective homebuyers can secure a dream home for as little as £40,000 if they move to Carlisle – commonly known as England's cheapest place to live.

The cathedral city, located in Cumbria, boasts breathtaking views of castles and medieval buildings such as the Guildhall Museum which dates back to the 14th century. Locals and authorities have praised the area for its choice of community clubs, range of shops, entertainment options, seaside scenery and travel links.

People looking to purchase a property can find homes on the market for well under the UK average, which was listed as £289,818 in January. While Carlisle is listed as £121,842 below.Some of the unbelievable offers at the moment include a two-bed end-of-terrace house nestled on Scaurbank Road for a mere £40,000. Meanwhile, prospective buyers can also find a two-bed flat on Rydal for £45,000.

Carlisle Cathedral is one of the city's most visited attractions (Getty Images/iStockphoto)

Homes in Carlisle had gone down in price at the beginning of the year, with the average detached house being £284,154 compared to £294,995 in December. Whilst flats have gone down to just £88,889 from £92,023 - according to the Land Registry. But with mortgage rates on the rise, this could change as two-year fixed mortgage deals now have an interest rate of 6.66 per cent.

There are a total of five beaches to take a stroll on including Southerness Beach and Rockcliffe Beach. While the city centre sits on three rivers and vast parkland, making it great for nature lovers. It also features an Art Deco theatre that has been open since 1939, as well as several restaurants providing different cuisines. Carlisle City Council commended the area for its "tempestuous history" and said it has "untapped potential."

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Carlisle has become a prime location for people wanting to get on the housing ladder (Getty Images)

A description on the website reads: "Located in the north-west of England, Carlisle is a vital service and the economic capital for much of Cumbria, south-west Scotland and parts of Northumberland, with a catchment of over 500,000 people, reports Express.

"Whilst Carlisle has a rich and tempestuous history dating back to the Romans and beyond, it is now embarking on a new journey. It has the assets and opportunity to put itself on the map as the capital of Cumbria and the city of the Lake District, with genuine untapped potential.

"Many of Carlisle’s strengths are closely linked to its location, its physical infrastructure and the quality of its urban and rural environments. It enjoys excellent north – south road connectivity via the M6 and is similarly advantaged by west to east road and rail links. With a principal train station on the West Coast Main Line, London is under three and a half hours by direct services to the south with Glasgow an hour to the north."

Monica Charsley