Cumberland is home to two of the UK’s ten cheapest postcodes, a new study has revealed.
Millom and Cleator Moor have ranked among the most affordable areas for homebuyers.
Research by property experts Sell House Fast reveals that the LA18 postcode, centred on Millom, offers the third-lowest price per square metre (m2) in the UK at £1,398, while Cleator Moor’s CA25 postcode comes in sixth at £1,539 per m2.
Jack Malnick, managing director and founder of Sell House Fast, said: “This report highlights just how dramatically property value can vary across the UK when you look beyond headline prices and focus on price per square metre.
“In many northern areas, buyers are able to secure significantly more living space for the same budget, largely because property prices remain much lower than in southern regions or prime London postcodes.
“At the other end of the spectrum, locations such as Westminster command extremely high prices per square metre due to strong demand, limited supply, and their proximity to major economic and cultural hubs.
“For homeowners, these findings offer useful context when assessing their own property’s value and the type of buyer it may attract.
“In areas where budgets stretch further, buyers often prioritise space and practicality, while in more expensive markets, location tends to outweigh size.
“Understanding how your local market compares nationally can help sellers position their property more effectively and set realistic expectations around pricing and demand.
“If you’re aiming to maximise the value of your home, presentation and staging can make a significant difference.
“Simple improvements such as decluttering, enhancing natural light, and clearly showcasing usable living space can boost perceived value.”
The research uses Government data to compare how much space buyers can afford based on average property prices.
North East Lincolnshire (DN32) was found to be the most affordable area in the UK with an average price per m2 of just £1,275.
In third place, Millom offers buyers an average property price of £136,306 and a typical floor area of 97.81m2.
This means a £100,000 budget would buy approximately 71.5m2 of space.
Cleator Moor, in sixth place, has an average property price of £158,386, with homes averaging 106.77m2 in size.
The rest of the top 10 is dominated by areas in the North East and Wales, including parts of Sunderland (£1,531 per m2), Redcar and Cleveland (£1,575 per m2), and County Durham (£1,589 per m2).
By contrast, property values in southern England can be dramatically higher.