These are the best areas for first-time buyers in the West Midlands region - here's what you can buy

North Warwickshire and Staffordshire Moorlands are the best areas in the West Midlands region for first-time home buyers to secure an affordable property.

According to real estate experts Savills, these two areas came top after it created a system to find the best places for first-time buyers to live.

It looked at the top half of the deprivation index for each region, which looks at education achievement and life expectancy, and ranking the areas by best transport links, including number of railway stations per 10,000 people, affordability and employment rate.

Read more:Birmingham suburb named a 'hidden gem' for first-time homeowners - why it's the best place to buy

It then took the average value of the lowest quarter of the least expensive homes, to find the first-time buyer hotspots.

The real estate agency’s analysis showed that in the West Midlands region North Warwickshire and the Staffordshire Moorlands were the best places for buyers, with the most affordable homes costing £165,250 and £148,750 respectively.

The county of Shropshire came in third place for first-time buyer hotspots in the region, where Savills says the most affordable homes cost £177,000, while Worcester was placed fourth, with the cheapest homes coming in at £175,000.

In fifth place is Lichfield, where the most affordable homes are about £200,000, adds Savills.

"Despite strong levels of activity and price growth across the housing markets since the start of the pandemic, the path to home ownership for first-time buyers has only become steeper,” said Frances Clacy, associate director residential research.

“Over the past 18 months, lenders have tended to favour less risky, lower loan-to-value lending, making it harder for new buyers to access the market for the first time without assistance.

“While we expect lending at a higher loan-to-value ratio to continue to be available, slowly rising interest rates will act as a brake on affordability, while rising costs of living, increased national insurance and the prospect of a lower threshold for student loan repayments will make saving for a deposit all the more challenging.”

This means typical first-time buyer hotspots are shifting, with more people looking at areas that are further afield.

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What's in North Warwickshire?

North Warwickshire covers an area from Corley in the south, up to Austrey in the north, Nuneaton in the east and Water Orton in the west. The main town in the area is Atherstone, famed for its annual Shrove Tuesday Ball Game, which sees hundreds of people heading to Long Street to play out this medieval tradition.

These are the best areas for first-time buyers in the West Midlands region - here's what you can buy

In 2020, North Warwickshire was named as one of the best places to live in after The Halifax Quality of Life ranked the area 43rd. The list examined 26 different factors that home buyers consider when choosing a place to live, including exam results, life expectancy, health and happiness scores, and average earnings.

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What’s on the market?

Bachelors Bench, Atherstone

This two-bedroom terraced house is on sale for £155,000.

Described as an “ideal starter home”, this Atherstone house is centrally heated and double glazed.

Set directly onto the pavement, it opens onto a hall and there is a sitting room with wood-effect laminate flooring, a sizable kitchen/diner with fitted units, breakfast bar and space for appliances.

Upstairs there are two double bedrooms and a bathroom with panelled bath, pedestal wash hand basin, WC and separate shower cubicle.

Outside there is a courtyard garden with timber deck, patio and border planting.

Head here for more details.

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What’s in Staffordshire Moorlands?

Home to some gorgeous beauty spots, including Rudyard Lake, Dovedale, Ilam and Churnet Valley, Staffordshire Moorlands stretches from the pretty village of Alton – close to Alton Towers – right up to Biddulph.

It’s home to Britain’s highest village, Flash, which is 463 metres above sea level, and Leek, Biddulph and Cheadle are its three main towns.

What’s on the market?

Novi Lane, Leek

In need of modernisation and renovation, this three-bedroom semi-detached house in Leek is on the market for offers over £150,000.

Set behind a garden, the house has a hallway off which is a living room. This leads to the separate dining room, a conservatory and kitchen. An inner hallway off the kitchen leads to a storage room, utility, WC, and a sitting room that has a door directly onto the driveway.

The first floor has two double bedrooms, each with fitted wardrobes, a single bedroom, family bathroom and separate WC.

There is a large back garden with patio and lawn.

Find out more here.

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