The North East is one of the best places to live based on affordability(Image: (Image: Getty Images))

Britain's 'cheapest town' with homes for sale for just £5,000

The UK town has been named as one of the most affordable places to live in the country - and it's easy to see why

by · NottinghamshireLive

Shildon, a quaint town in the North East of England, has been named as the most affordable place to live in the UK. The median value of a home here is £69,650, while the average annual income for a couple is £65,438.

According to a study by Zoopla, eight out of the ten most affordable areas in England are located in the North East, with six of them being in County Durham. Shildon, which is just 13 miles from Durham, is an ideal location for city commuters seeking a quieter life after work.

The study also revealed that British couples can expect to pay nearly four times their combined salary to buy a home in 2023. This isn't the first time Shildon has topped the list of the most affordable places to live in the UK.

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It offers charming countryside, great value for homebuyers, and is well connected with major transport links. For first-time home buyers, Shildon is perfect as it offers space for outdoor activities and easy routes to major cities.

Shildon is just 25 minutes away from Durham(Image: Getty Images)

The area is popular among young families. At the time of writing, the cheapest property is on sale for £5,000, followed by another one priced at £10,000, reports the Express.

Shildon is just a 25-minute drive from Durham and boasts an interesting history, being home to the Locomotion Museum as the first station in England was built on the Stockton and Darlington Railway.

Durham, nearby, offers great transport links and a busy city(Image: Getty Images)

Hackworth Park, located in the heart of Shildon, is named after Timothy Hackworth, a renowned locomotive engineer. The park features a drinking fountain commemorating one of his engine designs and a statue in his honour.

If you're on the hunt for an affordable property in a welcoming neighbourhood, Shildon might just be your ideal location.