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These are the most popular postcodes in the UK for young professionals

17th June 2016

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The south coastal town of Hove is the top hotspot for young professionals buying homes across England and Wales for the second year running, a report has found.

(Clive Gee/PA)
Hove emerged top of the list for property purchases by young professionals (Clive Gee/PA)

Manchester, Reading and numerous areas of London were also among the most desirable places for professionals aged between 25 and 44 years old to buy a property, according to Lloyds Bank.

(Martin Stephens/PA)
Brighton’s cosmopolitan feel makes it a popular choice (Martin Stephens/PA)

The BN1 postcode in Brighton was also on the list of hotspots. Brighton and Hove have particular attractions for the young and ambitious, with a diverse population as well as the availability of independent shops, bars, restaurants, music venues and commuter links to London, the report said.

Lloyds Bank mortgage director Mike Songer said: “Our research shows that aspiring young urbanites choose to settle in areas which give them the best of both worlds – attractive suburbs offering good amenities and quality of life, which are within easy reach of a larger city centre – and in many cases they are prepared to pay a premium to live there.”

an aerial view of London (Chris Ison/PA)
London postcodes make up the majority of the top 20 desirable postcodes (Chris Ison/PA)

Songer continued: “With a third of London’s population in the 25 to 44 age group it is not surprising many of the most popular areas with this group are in the capital.”

The research also found young professionals face paying a premium to live in their desired area – paying £88,000 more typically for a home in the postal district hotspots than a property in the wider town or city where they are located.

a monopoly house sits on pound coins (Joe Giddens/PA)
Living in a desirable area doesn’t come cheap (Joe Giddens/PA)

But among the exceptions is BN3 – the most popular postal district in the survey, where the average house price is £33,972 lower than in the whole of Hove.

Top 20 desirable postcodes for young professionals and their average house prices are:

1. BN3, Hove, South East: £352,718

2. SW18, Wandsworth, London: £716,217

3. SW19, Wimbledon, London: £669,425

4. SW11, Battersea, London: £861,665

5. SW16, Streatham, London: £434,237

6. SW6, Fulham, London: £1,088,131

7. BN1, Brighton, South East: £358,821

8. SW15, Putney, London: £740,165

9. NW3, Hampstead, London: £1,318,492

10. NW6, Kilburn: London: £877,211

11. SW17, Tooting, London: £624,052

12. W4, Chiswick, London: £866,492

13. W5, Ealing, London: £594,980

14. W2, Paddington, London: £1,220,198

15. SW2, Brixton, London: £543,207

16. SW4, Clapham, London: £828,243

17. SW12, Balham, London: £783,176

18. M20, Didsbury, Manchester: £266,105

19. N1, Islington, London: £1,007,815

20. RG1, Reading, South East: £261,927

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