According to the latest HM Land Registry data the average house price in England is £275,000, way above the budget of many first time buyers.
However, it's not all bad news, as there are plenty of affordable options in and around Preston for first time buyers or those looking for a project.
Here are 8 properties in and around Preston currently on the market for less than £60,000:
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5. Heaton Green, Kirkham
This two bed semi-detached house in Heaton Green, Dowbridge, Kirkham is on the market for £56,000. Full details: https://www.zoopla.co.uk/new-homes/details/56620675/
6. Dunbar Road, Ingol
This two bed terraced property in Dunbar Road in the city is on the market for £60,000. Full details: https://www.zoopla.co.uk/for-sale/details/59172794/
7. Poppy Field Way, Pilling
This two bed semi-detached house in Poppy Field Way in Pilling could be yours for £60,000. Full details: https://www.zoopla.co.uk/for-sale/details/58259173/
8. Golf View, Ingol
This one bed terraced house is on the market for £60,000 in Golf View, Ingol. Full details: https://www.zoopla.co.uk/for-sale/details/58156892/