The North East postcode where buying 'next door' could save you almost £142,000

New research conducted by Lloyds reveals that homebuyers in the North East can achieve significant savings by purchasing properties in neighbouring postcode areas. The report indicates that houses in certain adjacent postcodes cost an average of 28% less. In some specific instances, the price gap is even wider, allowing buyers to save up to 47% on their purchase. One particular example highlights that buying next door could potentially save a homebuyer almost £142,000 in total.