Choosing somewhere for the next stage of your life should be one of the easiest parts of your retirement. But with ever-more crowded cities and expensive homes, it can be hard to pick the right place to settle down.
A new home for your retirement can hinge on all sorts of factors – where you grew up, where your family are, or simply just the local environment. But if you’re looking to keep your retirement interesting with plenty of options to occupy your time, some areas pack more in. Sports clubs, gaming societies, green spaces, and more can help to give you ideas.
If you’re trying to find somewhere to suit your tastes, these are the most cost-effective, entertainment-filled locations in the UK:
Plymouth is a quiet, southwestern town on England’s coast; a picturesque spot to spend your retirement. With 40 nearby parks, affordable homes (only £130,000 for a retirement home), and proximity to the sea, it has a lot to offer anyone.
Despite a comparative lack of bingo halls, Southampton makes up for it with a dense setting of cinemas and pubs throughout major cities in the UK. And local housing is only £208,160 on average – making it one of the cheaper options for retirement.
The average Nottingham retirement home costs only £159,950, and with 8 golf courses locally it’s one of the best places to go if you’re likely to want to spend your time on the green.
Cardiff benefits from affordable homes, with the average property price only £212,508. But with a steady mix of golf courses, cinemas, and parks, there’s plenty to get you out of the house.
Historic and scenic Derby has the most affordable retirement homes in major cities across the UK, with the median price only £72,475 – offering a great place to live if you want to explore the Peak District over your golden years.
Keeping it relaxed
On the other hand, some places don’t suit retirement quite so well. If you want to save on expensive housing and time without much to do, you should consider avoiding:
London – While many will have worked in London at some point during their lives, the capital is far from the best place to retire. With the highest-priced homes in the country, it’s not a cheap investment.
Milton Keynes – Despite being relatively affordable, Milton Keynes doesn’t actually have as much to offer as you might think, and per square foot has fewer attractions than most other towns and cities in the UK.
Doncaster – Like Milton Keynes, Doncaster’s main disadvantage is its lack of much to do compared with other places in the research.
All of this comes from research conducted by pension experts Profile Pensions.
Michelle Gribbin, Profile Pensions’ Chief Financial Officer, said: “Retirement is a chance to really take care of yourself after years of work, and enjoy your family, pension, and life.
“We’ve created this study so existing pensioners and those coming up to pension age can choose somewhere to live that really suits their needs and their tastes – whether that’s places to go with friends and family like the cinema or a café, or somewhere to find some peace and quiet, like the golf course.
“Whatever you’re looking for in retirement, make sure you’re picking the right place for you when you look for a new home.”