Erewash in Derbyshire has the lowest median price for newly built housing out of all local authorities in England and Wales, analysis from One Sure Insurance shows.
New builds in the borough, which includes towns like Ilkeston and Long Eaton, average at just £122,750.
Stoke-on-Trent in Staffordshire came in second with a median new housing price of £126,858.
It is the largest settlement in Staffordshire and was formed from a federation of six towns: Stoke-upon-Trent, Hanley, Burslem, Tunstall, Longton and Fenton.
Wirral in Merseyside came third with a median new housing price of £135,000. Wirral is England’s westernmost metropolitan borough, faced by the city of Liverpool to the northeast over the River Mersey.
Cardiff, Wales ranked fourth with a median new housing price of £155,548; while Liverpool, Merseyside came fifth with a median new housing price of £170,950.
A spokesperson for One Sure Insurance, said: “This study provides valuable insight into the range of prices for newly built housing within local authorities across England and Wales. While it does not show us what the highest and lowest prices are, these median price points offer a perspective on the potential average cost for new housing.
“It is notable that both Wirral and Liverpool both rank in the top five positions, along with other large settlements like Stoke-on-Trent and Cardiff. This is likely due to the increase of affordable new housing in boroughs that have the most demand for them from their growing population, whilst Erewash’s low pricing comes from its rural positioning.
“There are also many boroughs in the list that lack of data for most types of housing. This might mean they either only have recorded pricing data for newly built flats and maisonette houses, or they were the only housing types available in those areas last year, which may be indicative of the current housing market.”