Aberdeen, the “Granite City,” is a fantastic location for first-time homebuyers, offering diverse neighborhoods with homes that cater to varying budgets and lifestyles. Whether you’re seeking affordability, proximity to the city center, or a suburban feel, Aberdeen has something for everyone. Here’s a detailed look at the top neighborhoods for first-time buyers and the average property prices.
1. Mastrick, Northfield, and Middlefield (AB16)
Average Price: £139,987
Deposit Required: £18,898
Estimated Household Income: £30,272
The AB16 postcode offers the most affordable homes in Aberdeen. These neighborhoods are ideal for buyers seeking budget-friendly options without sacrificing access to amenities.
2. Old Aberdeen, Woodside, and Tillydrone (AB24)
Average Price: £146,512
Deposit Required: £19,779
Estimated Household Income: £31,683
These historic and vibrant neighborhoods combine affordability with charm. AB24 is perfect for those who value cultural landmarks and community spirit.
3. Kittybrewster, Foresterhill, and Rosemount (AB25)
Average Price: £152,672
Deposit Required: £20,611
Estimated Household Income: £33,015
For those who want to stay close to the city center, the AB25 area offers an excellent balance of convenience and affordability. It’s popular with young professionals and families alike.
4. Peterculter and Upper Anguston (AB14)
Average Price: £157,946
Deposit Required: £21,323
Estimated Household Income: £34,156
Looking for a quieter, suburban lifestyle? AB14 is an excellent choice, providing peaceful surroundings just a short drive from the city.
5. Ferryhill and Torry (AB11)
Average Price: £171,554
Deposit Required: £23,160
Estimated Household Income: £37,099
These areas combine urban living with affordability, making them attractive to those seeking modern amenities and a vibrant atmosphere.
Aberdeen Housing Market: Current Overview
As of November 2024, the average price paid by first-time buyers in Aberdeen was £115,000, showing a modest increase from £112,000 in November 2023. This steady growth indicates a stabilizing market, providing great opportunities for new buyers to invest in property.
Tips for First-Time Buyers in Aberdeen
- Research Mortgage Options: Ensure you understand the deposit and income requirements for your chosen area.
- Explore Neighborhoods: Visit different areas to find the one that best suits your lifestyle.
- Stay Updated on Market Trends: Monitor property prices and market changes to make an informed decision.
Conclusion
Aberdeen offers a wide range of options for first-time homebuyers. From the affordable neighborhoods of Mastrick and Northfield to the suburban charm of Peterculter, there’s a perfect fit for everyone. Start your journey today and find your dream home in this dynamic city!
