The Royal Bank of Scotland First-time buyers Property Index identifies the factors which help determine both the current desirability of an area and its potential to offer a return on investment.
The index revealed that Lindley (HD3) on the outskirts of Huddersfield, is the top property hotspot for the coming year and is the ideal place for todays first-time buyers to invest.
Lindley (HD3), which is currently the focus of some interesting new-build projects, offers relatively low average property prices at £138,886; compared to a national average of £193,489.
Other locations that came out on top include West Lothian; Cardiff, Darlingtonand even Bethnal Green in London.
Find out how much you can borrow
For first-time house hunters hoping to seek out the latest bargains, the most crucial aspects in determining future return on investment are a low house price to high income ratio alongside healthy regeneration plans.
The main factors determining the current attractiveness of an area are the number of planned or recent new-builds together with the quality of transport links to neighboring towns, cities and major commuter routes.
Karen Snodgrass, head of mortgages for The Royal Bank of Scotland, said: This years FTB Property Index highlights the many opportunities available to those first-time buyers willing to beat a path for others to follow. Whilst we recognise that making your first step up onto the property ladder is never easy; we hope that the Index will provide a practical and inspiring resource.
