But there are parts of the North West where you can buy a house for less than half that amount.
Despite the low prices, starting at just £124,000, there is plenty to recommend those places too, including ‘stunning’ scenery, great culture, good transport links and excellent job opportunities.
Below are the 9 cheapest places to buy a house in the North West, according to Zoopla, listed in reverse order.
Which of these places would you choose to live in, if you had to choose one, and why? Let us know in the comments section.
5. Barrow-in-Furness - £144,000
The average house price in Barrow-in-Furness, Cumbria, is £144,000, according to Zoopla, which is the 5th cheapest in the North West. People say they like it for the stunning countryside on your doorstep and the 'great' live music scene, among other things. | Google Photo: Google
6. Pendle - £144,000
The average house price in Pendle is £144,000, according to Zoopla, which is the 4th cheapest in the North West. Prices there have risen by 3.2% in the last year. Zoopla says the area boasts a rich textile heritage and easy access to the 'beautiful' countryside, with the towns of Nelson, Colne and Barnoldswick all having grown in recent years. | Google Photo: Google
7. Hyndburn, Lancashire - £130,000
The average house price in Hydburn, Lancashire, is £130,000, according to Zoopla, which is the 3rd cheapest in the North West. House prices there have risen by 3.1% in the last year but Zoopla says it remains good value. Accrington, with its beautiful Victorian market hall and 'bustling' town centre, is particularly popular with first-time buyers and families. | Google Photo: Google
8. Burnley - £125,000
The average house price in Burnley, Lancashire, is £125,000, following a 3% annual rise, according to Zoopla, making it the 2nd cheapest place in the North West. Zoopla says it has good transport links, plenty to do in the city centre and easy access to the 'stunning' Pennine countryside. | Getty Images Photo: Christopher Furlong