The Hidden Truth About Property Prices A recent study by Lloyds Bank has revealed a surprising fact about property prices in the UK: homes in neighboring postcodes can be significantly cheaper than those in sought after areas.
In some cases, the price disparity is staggering. For example, in North East England, the average house price in NE26 (Whitley Bay) was £304,022, while in NE24 (Blyth), it was £162,075 – a 47% difference.
The study compared higher value postcodes with their neighboring areas and found significant price disparities.