With 2017 coming to a close and a fresh 2018 around the corner, we highlighted where home buyers can find the best valued property across the UK that also have the hottest annual New Year’s Eve parties.

We found the areas with the best end of year festivities and ranking them based on affordability for aspiring buyers who aren’t quite ready to settle down completely – at least where partying is concerned.

Allerdale: £222,667

Topping the list with the most affordable prices is Allerdale, which is also home to the most exciting tradition to ring in the New Year – a fire festival. Need I say more?

The locals of Allerdale parade through the streets carrying barrels of whisky and burning tar towards a bonfire chanting pagan cheers. Although home buyers can only enjoy this ceremony once a year, they can benefit from low house prices all year around, with an average price tag of £222,667.

Cardiff: £225,547

The capital of Wales follows closely behind with house prices averaging £225,547. The last day of the year is not complete without a trip to Winter Wonderland. Partygoers will be surrounding by bright lights, dancing to live music and getting a little early exercise in on the ice rink.

Lake District: £242,336

Going up to Northern England, the whole of the Lake District offers a cosy and relaxing alternative to a busy New Year’s Eve in an urban centre. With the average price sitting at £225,547, it is still well below England’s average of £291,514, and therefore is an affordable option for those looking for more of a country lifestyle.

Newquay: £255,762

Throw on your swankiest outfit and dancing shoes if a Cornish New Year’s Eve is on your radar for the Fancy Dress street party. Newquay’s property averages a very affordable £255,762. All the bars and restaurants are serving the party crowd roaming the streets before and after the fireworks show in the Central Square.

Edinburgh: £256,512

The Scottish capital is home to Hogmanay, one of the UK’s most prominent New Year’s Eve parties. Thousands of party-goers hit the streets for a three-day festival of live music from around the world. For such a big annual event, the house prices are still relatively affordable at £256,512, despite the Scottish average being £172,358.

Bristol: £303,360

Reaching above the £300k mark, Bristol can always offer a reliable party scene, regardless of the date. Therefore, the average house price at £303,360 is good value for people looking to lead social lifestyles.

London’s South Bank: £1,175,392

With by far the most expensive property values on this list, Zone 1’s South Bank offers an annual firework display with an appearance from London’s mayor. Despite the magical views of the capital’s most iconic structures lit up, property values are far from being affordable.

The last night of the year is often expensive and going to celebrate in another city can cost a lot because of accommodation, food and other expenses.

Therefore, getting on the ladder in an affordable area close to the best New Year’s Eve parties is a bonus for those still looking to attend the UK’s busiest end of year events.

Russell Quirk

Founder and CEO , Emoov.co.uk