The latest research from online agency Yopa has revealed that whilst just 5% of all homes listed for sale across Britain come in at £100k or less, this climbs to as high as 16% in some major cities.

Yopa analysed current market listings for sale across Britain with an asking price of £100,00 or less and what this equates to as a proportion of all market listings.

The research shows that there are currently some 494,081 homes listed for sale across Great Britain. Just 5% of these boast an asking price of £100,000 or below.

Scotland has the most £100,000 or less homes, with 17% of all homes currently listed for sale coming in at or below this price threshold versus 6% in Wales and 5% in England.

But Bradford tops the table of all British major cities, where no less than 16% of all homes currently listed on the market have an asking price of £100,000 or below. Liverpool ranks second with 14%, whilst Glasgow comes in third at 13%.

Newcastle is the only other city where this proportion of market stock hits double figures, with 11% of all homes listed for sale at £100,000 or below.

In contrast, this proportion of market stock accounts for just 0.6% of all homes listed for sale across London and just 0.8% in Edinburgh.

A Yopa spokesperson says: “Such has been the rate of house price inflation in recent years that, in some areas of the market, the £100,000 home has become all but extinct. However, whilst their availability may have dwindled they can still be found, even in major cities where house prices tend to be higher.

“Of course, they are likely to be smaller than most, or in need of renovation, but for homebuyers who are struggling to get that first foot on the ladder in order to build bricks and mortar equity, they could be just the ticket.”