Most affordable market town to live in the East Midlands
Chesterfield has been identified as the most affordable market town to live in the East Midlands according to a survey by Lloyds Bank.
The town has been ranked the second most affordable market town in England for first-time buyers and fifth across all buyers.
In Chesterfield, first-time buyers paid on average £198,054 for their home, while the average for all house purchases was £248,658. The survey tracks the cost of houses in 116 market towns in England using house price data from the Halifax.
Andrew Asaam, Homes Director, Lloyds said, “It’s no wonder market towns have stood the test of time with home-buyers, whether people are stepping onto the first rung of the housing ladder, or are making a move to their next home. These charming locations are filled with historic landmarks and architecture, quaint charm and community spirit, offering a calmer pace of life, often within the reaches of bigger towns and cities.”
Recently named one of the happiest places to live by The Guardian, the historic Derbyshire market town is drawing attention for all the right reasons.
Chesterfield has also been recognised as one of the greenest towns in the UK, with over 95% of homes having access to private or nearby outdoor space, including Queens Park, Holmebrook Valley Park, and the Chesterfield Canal. Thanks to its excellent schools, strong community spirit, and access to nature, it consistently ranks among the best places to raise a family.
Stacey Davies-Bowler, Managing Director of Pinewood Property Estates, sees the town’s regeneration as a model for sustainable, community-led growth.
“I’ve already seen a shift in the types of properties people require. Buyers and renters want more than just a home; they want neighbourhoods that offer lifestyle, connectivity, and value. With renewed investment, we can expect smarter housing developments that blend design, sustainability, and affordability.”
More new homes are on the way, including a new £78 million scheme by Honey Homes, and regeneration projects like the Staveley Corridor, Chesterfield Waterside, and Spire Neighbourhood.
Ryan Wilkes, Destination Chesterfield Board Member, said: “We’re very pleased to see Chesterfield gaining further recognition as a great place to live. “If you’re looking to live in an area which blends a strong heritage with strong local amenities within easy reach, Chesterfield is a place that you’ll be proud to call home.”
Find out more about living in Chesterfield at: https://www.chesterfield.co.uk/about-chesterfield/living/
