There’s often a perception that new-build homes are more expensive than resale properties.
But our latest data shows there are many parts of the country where new builds are cheaper than resale homes.
It’s good news for the two-thirds of buyers who either want a new build or would consider buying new.
And that’s without even thinking about all the other money-saving benefits of new-builds, from buying schemes and special incentives to energy efficiency and long-term warranties.
So let’s dive in. Here’s where to find the best value for a sparkling new-build home across the UK.
The top 10 locations with the best value new-build homes
| Local authority area | Region price of a 3-bed new-build home | Median price of a 3-bed new-build home | Median price of a 3-bed resale home | Price difference (£) | Price difference (%) |
|---|---|---|---|---|---|
| Winchester | South East | £431,500 | £550,000 | -£118,500 | -22% |
| New Forest | South East | £440,000 | £485,000 | -£45,000 | -9% |
| Coventry | West Midlands | £206,300 | £242,500 | -£36,200 | -15% |
| Chichester | South East | £400,000 | £435,000 | -£35,000 | -8% |
| East Lindsey | East Midlands | £224,000 | £250,000 | -£26,000 | -10% |
| Derbyshire Dales | East Midlands | £300,000 | £325,000 | -£25,000 | -8% |
| South Hams | South West | £350,000 | £375,000 | -£25,000 | -7% |
| Canterbury | South East | £375,000 | £400,000 | -£25,000 | -6% |
| Worthing | South East | £425,000 | £450,000 | -£25,000 | -6% |
| South Oxfordshire | South East | £450,000 | £475,000 | -£25,000 | -5% |
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South East
If you want to buy a home in the pricey South East, it might be worth turning your eye to a new-build home. The region has the most areas where new-builds offer better value than resale homes.
In Winchester, Hampshire, 3-bed new builds cost £431,500 on average - a huge £118,500 less than the same sized resale property.
See more of Boorley Park by Bovis Homes, Hampshire. Prices from £435,000
A 3-bed new build in the New Forest costs £45,000 less than a resale property, while they’re £35,000 cheaper in Chichester, £25,000 cheaper in Worthing and £2,500 cheaper in Adur.
You can also find value for money in Kent, with 3-bed new builds costing £26,000 less in Canterbury and £3,500 less in Folkestone and Hythe.
See more of Barratt Homes at The Woodlands, Canterbury. Prices from £354,995
South Oxfordshire also makes the list with new-build homes offering a £25,000 saving, with several developments in the largest town Didcot and the rolling Chiltern Hills.
Search 300 developments in the South East on Zoopla.
South West
The South West is excellent value for money for new-build homes, being cheaper on average than resale homes in seven local areas.
If you’ve got your heart set on the quintessential Cotswolds, a 3-bed new build costs £20,000 less on average than the same sized resale property in both Stroud and Cheltenham.
See more of Great Oldbury by Linden Homes, near Stroud. Prices from £175,000 (Shared Ownership)
For those looking to be close to the region’s biggest city of Bristol, consider North Somerset or Sedgemoor where you can save £8,500 and £6,000 respectively by choosing a new build.
See more of The Sandcastles 2 by Persimmon Homes, near Weston-Super-Mare. Prices from £280,000
In Devon, 3-bed new builds cost £25,000 less on average than 3-bed resale homes in South Hams and £10,000 less in the laid-back surf region of North Devon.
Search more than 200 new-build developments in the South West
East Midlands
If you’re looking to buy a house in the East Midlands, have a look in Lincolnshire. The average new-build home is £26,000 cheaper than a resale property in East Lindsey - where you’ll find seaside town Skegness - and £10,000 cheaper in South Holland, which features Spalding and Crowland.
See more of Merlin's Point by Avant Homes Central, Lincolnshire. Prices from £219,995
3-bed new-build homes represent great value around the beautiful Peak District too, with savings of £25,000 versus older properties in the Derbyshire Dales, £11,500 in High Peak, £5,700 in Mansfield and £5,000 in North East Derbyshire.
Search more than 150 new-build developments in the East Midlands
West Midlands
Coventry leads the way for the best value new-build homes in the West Midlands. New homes with three bedrooms are a huge £36,200 cheaper than the same sized older properties right now, which represents a 15% average discount.
See more of Exhall Meadow by Keepmoat Homes, near Coventry. Prices from £244,500
3-bed new builds in Wyre Forest and Wychavon both offer a £2,500 discount versus a resale home - the same as the cost of stamp duty if you’re buying a £300,000 house. These two areas are known for their affluent market towns and lovely countryside, making them a popular choice for professionals and families alike.
Search 200 new-build developments in the West Midlands
North West
The most affordable location for new-builds in the North West is Fylde, the chilled out Lancashire borough that borders Blackpool. 3-bed new homes are £2,500 cheaper than their resale counterparts, costing £241,500 on average, and most developments are within commuting distance of both Preston and Blackburn.
Pictured: Waterside Meadows by Wain Homes, Fylde Coast. Prices from £166,950
Search 130 new-build developments in the North West
North East
In the North East, turn to Redcar and Cleveland, the coastal district to the southeast of Middlesbrough. The average 3-bed new build here costs £225,000 - that’s £15,000 less than a similar older property.
See more of Cygnet Park by Avant Homes in North Tyneside. Prices from £229,995
North Tyneside is the next best value in the North East, with the average 3-bed new-build sitting 2% (£5,000) above a similar resale home. This popular district is well-known for its sandy beaches and easy access to Newcastle city centre.
Search 150 new-build developments in the North East
Scotland
In Scotland, Perth and Kinross is the place to look for the best value new-build homes - the beautiful district that’s home to stunning landscapes and rich history. A 3-bed new build costs £225,000 on average - £15,000 less than the average 3-bed resale home.
See more of Blairgowrie by Springfield Properties. Prices from £204,000
Search 175 new-build developments in Scotland
Yorkshire and the Humber
See more of Kingsbrook by Persimmon, near Northallerton. Prices from £202,950
You’ll find value for money in Hambleton if you’re on the hunt for a new-build home. The North Yorkshire district is known for its market towns, cobbled streets and hidden gems, with a 3-bed new build costing £5,000 less on average than a similar older property.
Search 160 new-build developments in Yorkshire and the Humber
Wales
In Wales, 3-bed new-build homes tend to be more expensive than their resale counterparts.
But it’s worth knowing that the best value new builds in Wales are located in Pembrokeshire, the outdoorsy paradise for hiking, surfing and camping. The average 3-bed new build costs £287,500, 5% more than a similar older home.
See more of Brunel Quarter by David Wilson Homes, in Chepstow, Monmouthshire. Prices from £466,000
Monmouthshire is worth a look too, with 3-bed new builds averaging £322,000 - also 5% more than same-sized resale properties. This district is growing in popularity for its location halfway between Bristol and Cardiff, as well as proximity to nearby beauty spots and the Welsh coast.
Search 45 new-build developments in Wales
The full list of places where new-build homes are cheaper than resale properties
| Local authority area | Region price of a 3-bed new-build home | Median price of a 3-bed new-build home | Median price of a 3-bed resale home | Price difference (£) | Price difference (%) |
|---|---|---|---|---|---|
| Winchester | South East | £431,500 | £550,000 | -£118,500 | -22% |
| New Forest | South East | £440,000 | £485,000 | -£45,000 | -9% |
| Coventry | West Midlands | £206,300 | £242,500 | -£36,200 | -15% |
| Chichester | South East | £400,000 | £435,000 | -£35,000 | -8% |
| East Lindsey | East Midlands | £224,000 | £250,000 | -£26,000 | -10% |
| Derbyshire Dales | East Midlands | £300,000 | £325,000 | -£25,000 | -8% |
| South Hams | South West | £350,000 | £375,000 | -£25,000 | -7% |
| Canterbury | South East | £375,000 | £400,000 | -£25,000 | -6% |
| Worthing | South East | £425,000 | £450,000 | -£25,000 | -6% |
| South Oxfordshire | South East | £450,000 | £475,000 | -£25,000 | -5% |
| Stroud | South West | £330,000 | £350,000 | -£20,000 | -6% |
| Cheltenham | South West | £360,000 | £380,000 | -£20,000 | -5% |
| Recar and Cleveland | North East | £158,000 | £175,000 | -£17,000 | -10% |
| Perth and Kinross | Scotland | £225,000 | £240,000 | -£15,000 | -6% |
| Forest of Dean | South West | £280,000 | £295,000 | -£15,000 | -5% |
| High Peak | East Midlands | £286,000 | £297,500 | -£11,500 | -4% |
| South Holland | East Midlands | £240,000 | £250,000 | -£10,000 | -4% |
| North Devon | South West | £290,000 | £300,000 | -£10,000 | -3% |
| North Somerset | South | £316,500 | £325,000 | -£8,500 | -3% |
| Eastbourne | South East | £357,500 | £365,000 | -£7,500 | -2% |
| Sedgemoor | South Wwest | £274,000 | £280,000 | -£6,000 | -2% |
| Mansfield | East Midlands | £194,300 | £200,000 | -£5,700 | -3% |
| North East Derbyshire | East Midlands | £240,000 | £245,000 | -£5,000 | -2% |
| Hambleton | Yorkshire and the Humber | £282,500 | £287,500 | -£5,000 | -2% |
| Rother | South East | £410,000 | £415,000 | -£5,000 | -1% |
| Folkestone and Hythe | South East | £346,500 | £350,000 | -£3,500 | -1% |
| Fylde | North West | £241,500 | £244,000 | -£2,500 | -1% |
| Wyre Forest | West Midlands | £257,500 | £260,000 | -£2,500 | -1% |
| Wychavon | West Midlands | £320,000 | £322,500 | -£2,500 | -1% |
| Adur | South East | £405,000 | £407,500 | -£2,500 | -1% |
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