East Ayrshire in Scotland has been named as the most affordable place for first-time buyers (FTBs), with an average price of £147,353, according to research from Lloyds.
The research looked at local areas across the UK, highlighting where people can get on the property ladder for less.
Blackpool, Merthyr Tydfil and Mid and East Antrim were also among the most affordable locations.
Data showed that the top 10 most affordable areas are mainly in Scotland and the North of England, with average prices for first homes under £160,000.
In all these areas, the monthly mortgage cost with the new product would be less than £1,000.
In England, Blackpool was the most affordable location for FTBs, with an average price of £150,780.
In Wales, Merthyr Tydfil topped the list at £156,498, while Mid and East Antrim was the most accessible in Northern Ireland at £175,308.
The average age of a FTB in the UK is now 32, but in some areas it is as low as 27.
Ribble Valley in the North West had the youngest average FTB age at 27, followed by South Staffordshire and Pendle.
Amanda Bryden, head of mortgages at Lloyds, said: “Our research shows there are still genuine pockets of value for first time buyers, particularly for those with an open mind who are willing to be flexible on location and property type.
“With ongoing cost of living pressures and wider economic uncertainty, it’s completely understandable that some people are feeling cautious.
“But there are opportunities out there, and for many buyers, that flexibility can make a real difference.”
Bryden added: “What matters most is finding a mortgage that works for your own budget and circumstances, not just today, but over the long term.
“Lower deposit options, such as our new £5k deposit mortgage, could help some people get on the ladder years earlier than they might expect.
“Speaking to a mortgage expert early can help. It gives you a clearer picture of what you can comfortably afford, and the confidence to make choices that feel right for you, whatever the wider market might be doing.”
Mary-Lou Press, president of NAEA Propertymark, said: “While affordability challenges remain a significant hurdle for many aspiring homeowners, this research highlights that there are still parts of the UK where first-time buyers can realistically take their first step onto the property ladder.
“Local market knowledge is more important than ever, as affordability can vary dramatically between regions and even neighbouring towns.
“Areas across Scotland, the North of England and Wales continue to offer comparatively accessible price points, particularly for buyers willing to broaden their search criteria or consider emerging locations with strong transport links and regeneration potential.”
Press added: “However, affordability is about more than headline house prices alone. Buyers must also consider mortgage repayments, energy efficiency, local employment opportunities, commuting costs and the long-term sustainability of homeownership.
“Low-deposit mortgage products may help unlock access for some households, but it remains vital that buyers fully understand the financial commitment involved and seek professional advice before proceeding.
“The fact that younger buyers are entering the market earlier in certain regions also reflects how local affordability and housing supply can directly influence opportunities for Gen Z.”
She said: “A healthy housing market relies on a sufficient mix of homes at different price points, alongside policies that support long-term supply and consumer confidence.
“Property professionals continue to play a crucial role in guiding first-time buyers through an increasingly complex market, helping consumers make informed decisions based on their personal circumstances and local market conditions.”