Are you an adviser? Go to Unbiased Pro

The top 5 cheapest places to live in the South West

2 mins read
by Lisa-Marie Voneshen
Last updated Friday, June 14, 2024

This article reveals the five cheapest places to buy property in the South West, which are significantly cheaper than the regional average. Discover more here.

If you want to live near the beach and unique attractions, the South West, which includes Bath, Bristol, Cornwall, Devon and Dorset, could be ideal.

Get mortgage advice
We’ll find a professional perfectly matched to your needs. Getting started is easy, fast and free.
Find a mortgage broker

The average property price in the South West was £338,053 over the last year. While this is a lot, there are some areas where you can buy a home for over 50% less.

But where are these bargain destinations? Rightmove has compiled a list of the five cheapest areas to buy a home in the South West, based on data from April 2024.

Where are the cheapest areas to buy in the South West?

Plymouth in Devon is the most affordable area in the South West as all the below places are located here.

AreaAverage asking price
Greenbank£160,104
Whitleigh£160,619
Keyham£166,707
St Budeaux£188,399
Weston Mill£194,125

Greenbank

Greenbank has the cheapest average asking price in the region at £160,104.

It’s only a 15-minute walk from Plymouth city centre, offering easy access to shops, restaurants, parks, and lakes. 

Whitleigh

In second place is Whitleigh, with a slightly higher average asking price of £160,619.

It’s further away from the city centre than Greenbank as it takes over half an hour to travel by public transport, but there are a few shops, eateries and pubs nearby.

Keyham

Keyham is a built-up area in Plymouth with an average asking price of £166,707.

It’s located near the River Tamar and is only a 20-minute journey from the city centre.

Get mortgage advice
We’ll find a professional perfectly matched to your needs. Getting started is easy, fast and free.
Find a mortgage broker

St Budeaux

St Budeaux is among the cheapest areas to live with an average asking price of £188,399.

It could benefit from a major £22 million regeneration programme at Barne Barton, which will transform Britain’s former largest naval estate into a mixed-tenure community.

Weston Mill

The most expensive area to buy a property on this list is Weston Mill, with an average asking price of £194,125.

It is near Ham Woods Nature Reserve and is only 20 minutes from Plymouth city centre.

Seek mortgage advice

Buying a house is a life-changing decision, and while price is a big factor, it shouldn’t be the only thing you consider.

It’s worth thinking about what you want from your property and the local area, as well as how it fits in with your desired lifestyle.

A mortgage broker can help to find the best deal for you.

Find your mortgage broker with Unbiased.

See also:

The most expensive places to live in the South West

The cheapest places to live in the South East

The cheapest places to live in London

The cheapest places to live in Yorkshire

The cheapest places to live in the West Midlands

The cheapest places to live in Wales

Get mortgage advice
We’ll find a professional perfectly matched to your needs. Getting started is easy, fast and free.
Find a mortgage broker
Author
Lisa-Marie Voneshen
Lisa-Marie Voneshen is a Senior Content Writer at Unbiased. She is an award-winning journalist with nearly a decade of experience writing and editing content across various areas, including personal finance and investing.