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[BUSINESS] · United Kingdom · 17 sources

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Lloyds study shows up to 47% house‑price savings by buying in neighbouring postcodes

Lloyds postcode price gap house price savings UK housing market first‑time buyers

Lloyds Bank analysed mortgage‑approval data for UK home sales completed in 2025 and compared the most expensive postcode in each region with the cheapest adjoining postcode. Across the country, homes in the neighbouring postcodes were on average 28 % cheaper, with some gaps far wider. The biggest saving was in the North East: the NE26 postcode covering Whitley Bay had an average price of £304,022 while neighbouring NE24 (Blyth) averaged £162,075 – a difference of £141,947, or 47 %. In London, the premium NW3 postcode (Hampstead and Belsize Park) averaged £778,767 versus neighbouring NW2 (Cricklewood and Dollis Hill) at £546,348, saving £232,419 (about 30 %). Scotland’s EH3 (central Edinburgh) averaged £374,650 compared with EH11 (Gorgie and Stenhouse) at £299,315, a £75,335 (20 %) reduction. Wales showed a similar gap: CF64 (Penarth, Dinas Powys, Sully) averaged £342,753 versus CF63 (Barry) at £260,234, a saving of £82,519 (around 24 %). Amanda Bryden, head of mortgages at Lloyds, said the research “highlights how much value can sit right next door” and that a modest shift in location could help first‑time buyers get on the property ladder while staying close to jobs, transport links and amenities.

Entities

Amanda Bryden · Blyth · Edinburgh (EH3) · Lloyds Bank · London (NW3) · London (NW3/NW2) · Whitley Bay · Whitley Bay (NE26)

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Single-Family Starts Decline in June - Residential Design [residentialdesignmagazine.com]
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Housing Reform; What It Means for Buyers, Sellers and Landlords - Mackenzie Smith Estate Agents [www.mackenziesmith.co.uk]
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'Hidden gem' villages where house buyers can save £50,000 [www.birminghammail.co.uk]
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Save up to 47% on your home by doing the postcode switch - what MORTGAGE [www.whatmortgage.co.uk]
2 months ago
Why Affordable Housing Keeps Wigan Attractive to Buyers - New Valley News [www.newvalleynews.co.uk]
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Buyers save 47% living next to elite postcodes, says Lloyds [thenegotiator.co.uk]
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The London postcode where buyers can save £232k by moving next door [www.mylondon.news]
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New home sales edge higher - Rose Law Group Reporter [roselawgroupreporter.com]
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The postcode trick that could save buyers thousands - Property Industry Eye [propertyindustryeye.com]
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Home buyers could save more than £80,000 by looking beyond one of Wales' priciest postcodes [nation.cymru]
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Homebuyers can save up to 47% by moving to neighbouring postcodes, Lloyds finds [theintermediary.co.uk]
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Study shows the pricey postcodes to look near if you want to save money on a home [ca.news.yahoo.com]
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Britain's postcode price gap – could you save by buying next door? [moneyweek.com]
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The North East postcode where buying 'next door' could save you almost £142,000 [www.chroniclelive.co.uk]
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Swap stylish areas for untrendy ones to save 47% on house prices [www.dailymail.com]
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Study indicates how much home buyers could save by picking less pricey postcodes [www.standard.co.uk]
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Study shows the pricey postcodes to look near if you want to save money on a home [www.independent.co.uk]
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