Greenock has come first in a list of the 15 most affordable places in the UK to buy a first home, beating places like Birkenhead near Liverpool and Bootle in the county of Tyne and Wear.

The list, which was compiled from research by Pink Storage, analysed property data, average household incomes, and the deposit needed to get on the property ladder to find the country's most affordable locations.

They used data from the property website, Rightmove, payscale for salaries, and ONS Data.

The storage company found 15 locations that they determined to be the most affordable in the UK.

5 Scottish towns appeared on the list, with Greenock being ranked the most affordable in the entire country.

Greenock ranked the most affordable UK town for first-time buyers

Greenock came first, with the average deposit needed to buy a first home being around £10,288 compared to Derry in Northern Ireland which was found to have a deposit of £11,650.

The average house price in the Inverclyde town was found to be £102,882 while the average household income is £50,000, meaning that a 10% deposit would take 2 years to save for.

Greenock Telegraph: PA - Greenock tops list of most affordable towns and citiesPA - Greenock tops list of most affordable towns and cities (Image: RADAR)

Other Scottish locations among the most affordable for first-time buyers

Four other locations across Scotland were ranked among the most affordable.

Coatbridge, North Lanarkshire

Coatbridge in North Lanarkshire was found to be Scotland and UK's second and fourth most affordable location.

The average deposit needed was found to be around £13,311.

Kilmarnock, East Ayrshire

The large town of Kilmarnock is the ninth most affordable in the UK and the third in Scotland with an average deposit of around £13,958.

Paisley, Renfrewshire

Paisley, which is Scotland's largest town outside of Glasgow, Edinburgh, Dundee, and Aberdeen, ranked tenth in the UK and fourth in Scotland.

The average deposit was found to be around £13,968.

Glenrothes, Fife

Glenrothes in Central Fife is ranked 11th and 5th in the UK and Scotland with an average deposit of around £13,985.

The full list of the most affordable towns and cities for first-time buyers in the UK

Here are the 15 most affordable towns and cities for first-time buyers in the UK according to research by Pink Storage:

  1. Greenock (£10,288)
  2. Londonderry (£11,650)
  3. Bootle (£12,125)
  4. Coatbridge (£13,311)
  5. Birkenhead (£13,329)
  6. Burnley (£13,344)
  7. Jarrow (£13,543)
  8. Kingston upon Hull (£13,786)
  9. Kilmarnock (£13,958)
  10. Paisley (£13,968)
  11. Glenrothes (13,985)
  12. Grimsby (13,998)
  13. Blyth (£14,151)
  14. Leicester (£14,197)
  15. Hartlepool (£14,202)

To find out more about Pink Storage, please visit the Pink Storage website.