Property prices: Cheapest areas to buy homes within commutable distance to London

Property can come at a hefty price and many will need to save up for several years in order to get onto the property ladder. However, there are some parts of the UK where buyers can get more for their money while still being in a commutable distance to London. Where is the cheapest place to purchase a home?

The average house price was found to be just £177,741.

For rentals, a two bed home is around the £770 per month mark which is much more affordable than London.

Transport links are direct into Kings Cross and can take as little as 53 minutes, even though there is an 80 mile journey.

Of course this will come at a price as the further you go out of London, the more you end up paying for travel.

Research shows that on average, a 10 minute increase in commute time reduces the average house price by £21,000.

London’s cheapest commuter towns:

. Peterborough, Cambridgeshire (£177,741 average house price)
. Purfleet, Essex (£197,130 average house price)
. Wellingborough, Northamptonshire (£202,931 average house price)
. Rugby, Warwickshire (£218,782 average house price)
. Chatham, Kent (£222,757 average house price)
. Bletchley, Buckinghamshire (£224,197 average house price)
. Luton, Bedfordshire (£229,033 average house price)
. Pitsea, Essex (£237,763 average house price)
. Northampton, Northamptonshire (£238,605 average house price)
. Colchester, Essex (£242,752 average house price)

source: express.co.uk