Overview
- Lloyds used the mortgage-approval dataset that feeds its long-running house price index to compare higher-value postcodes with their cheapest bordering neighbours and found an average price gap of 28 percent.
- The largest single gap was in the North East, where NE26 (Whitley Bay) averaged £304,022 and neighbouring NE24 (Blyth) averaged £162,075, a £141,947 or 47 percent difference.
- Regional examples include a roughly 30 percent saving between NW3 (Hampstead/Belsize Park) and NW2 (Cricklewood/Dollis Hill) and a 36 percent gap between YO23 (York South Bank) and YO8 (Selby).
- Lloyds and its head of mortgages, Amanda Bryden, framed the research as practical guidance for buyers rather than formal valuations and warned that neighbouring postcodes can differ in housing stock, transport and services.
- Because the figures are averages of completed 2025 sales and exclude small prime central London areas, the data show recent transaction patterns rather than current asking prices and are unlikely to have triggered immediate market or policy responses.