House prices have gone through the roof in these hotspots – but buyers can still bag a bargain by looking at their cheaper next-door neighbours

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After years of significant housing price increases, some areas are now unaffordable.

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But fear not, there’s a glut of new locations alongside old favorites coming into their own.

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Here are the top five.

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Outlook: Demand for property in coastal Exmouth, Devon, with its two-mile sandy beach (pictured), is on the rise.

Worthing instead of Brighton

The average price of a house in Worthing is around £385,000, a full 75 less than the £460,000 in Brighton. This is good for hybrid workers who work in the office several days a week – it’s 90 minutes to London by train or 20 minutes to Brighton.

Karen Standing, director of the Hamptons real estate agency, moved from Brighton to Worthing without regret. “Worthing is no longer a retiree town like it used to be, but a lively and lively seaside place,” she says.

“A huge increase in independent restaurants, al fresco dining along the waterfront and beachside cafes.

A rare five-story Georgian townhouse on Worthing’s waterfront will set you back £1.5m, but domestically you can get a six-bedroom semi-Edwardian family home for less than £800,000 – a far cry from Brighton’s prices.

Banbury instead of Oxford

The difference in the price of the house is obvious. Banbury averages just £357,000 versus £554,000 at Oxford, but there are other benefits.

Oxford is imposing controversial new traffic restrictions on residents, while Banbury has a fast rail link to London’s Marylebone in 65 minutes.

A new out-of-town shopping center, Gateway Banbury, has opened off the M40, while the city’s existing Castle Quay shopping center has been upgraded to include a popular arts centre. Waitrose also opened a supermarket in Banbury.

James Shaw, director of purchasing agency Prime Purchase, says: ‘Moving forward, you’re getting better value for money and a more affordable family home, and I wouldn’t be surprised if we don’t see upward pressure on prices as a result.’

Ely instead of Cambridge

With its impressive medieval cathedral, cluster of parks, well-known schools and many annual fairs and festivals, Ely, officially one of the smallest towns in the UK, is not the second best city after Cambridge.

But it certainly offers better value for money homes at an average of £321,000 compared to £493,000 for Cambridge.

“Buyers often come from London or Cambridge, the two most expensive cities in the UK,” says Edward Russell of real estate agency Jackson Stops.

High-speed trains to the capital take about 70 minutes, and new homes are being built: the biggest project is Orchards Green, a 200-acre site north of the city that will have 1,200 homes.

Ely’s family image is enhanced by the contemporary Ely Leisure Village.

Exmouth instead of Exeter

The university city of Exeter may have an academic and athletic pedigree, but the city lacks a beautiful coastline.

That’s why Exmouth, with its two-mile sandy beach and 200-berth marina, is so popular as a family-friendly alternative just 35 minutes by train from Exeter.

Prices are similar to Exeter (Zoopla lists both as homes for sale for an average of £377,000 last year), but Exmouth has a rapidly growing reputation for watersports.

A three-bedroom semi-detached house in Exmouth starts at £280,000, while a two-bedroom flat in the harbor costs £325,000.

Inland, a detached house with a garden is worth up to £550,000, and exceptional properties with panoramic sea views are worth £1 million.

“Demand has increased due to Exmouth’s high attractiveness to a wide range of buyers, and also because houses are cheaper than other popular places nearby, such as Budleigh Salterton and Sidmouth,” says Nick Cunningham of Stacks Property Search.

Salford instead of Manchester

Ten years ago you could buy a house in Salford for less than £100,000, but then the area was put on the map when the BBC built its MediaCity giant, and now ITV and a number of other creative giants have joined in.

Not surprisingly, its median property price (£217,000 according to Zoopla) is not far behind the Manchester-wide norm of £241,000.

This new community is dominated by modern apartments, many of which are rented to professional tenants.

Investment specialists forecast the location of future price increases thanks to the council’s local plan to create 40,000 new jobs and increase the local population by 11% by 2037.

On the market… new favorites

West Sussex: This Grade II listed cottage has three bedrooms.  The property is located in Worthing, West Sussex and has a garage gym and a lovely garden.  Savills, 01798 345980. £950,000.

West Sussex: This Grade II listed cottage has three bedrooms. The property is located in Worthing, West Sussex and has a garage gym and a lovely garden. Savills, 01798 345980. £950,000.

Devon: This three-story contemporary home is located in Exmouth.  There are 1450 square feet of space including four bedrooms, three bathrooms, a garage and off road parking.  Bradley, 01395 222300. £650,000.

Devon: This three-story contemporary home is located in Exmouth. There are 1450 square feet of space including four bedrooms, three bathrooms, a garage and off road parking. Bradley, 01395 222300. £650,000.

Oxfordshire: This five-bedroom Banbury home has open-plan living spaces, some with floor-to-ceiling windows.  The garden has a raised deck and a home office extension.  Strutt and Parker, 01295 641123. £650,000.

Oxfordshire: This five-bedroom Banbury home has open-plan living spaces, some with floor-to-ceiling windows. The garden has a raised deck and a home office extension. Strutt and Parker, 01295 641123. £650,000.

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