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Top 10 most affordable places to buy a house.

Top 10 most affordable places to buy a house

1. Copeland, Cumbria
Average house price: £114,011
12-month change: +3%
Average annual wage: £37,492
House price to wage ratio: 3 (ie, house price is three times average salary.)
What’s for sale: two-bedroom terraced house in Whitehaven, a town in Copeland, for £99,950.


2. Blaenau Gwent, south Wales
Average house price: £79,715
12-month change: +10%
Average annual wage: £19,968
House price to wage ratio: 4
What’s for sale: two-bedroom flat in Ebbw Vale, the largest town in Blaenau Gwent, for £79,680.


3. Burnley, Lancashire
Average house price: £75,455
12-month change: +3%
Average annual wage: £18,824
House price to wage ratio: 4
What’s for sale: two-bedroom terraced house for £77,000.


4. North Lanarkshire
Average house price: £97,875
12-month change: +2%
Average annual wage: £21,684
House price to wage ratio: 5
What’s for sale: two-bedroom terraced house in Shotts, a small town in North Lanarkshire, for £99,950.


5. County Durham
Average house price: £96,883
12-month change: -3%
Average annual wage: £21,008
House price to wage ratio: 5
What’s for sale: three-bedroom terraced house in Durham for £100,000.

6. East Ayrshire
Average house price: £91,839
12-month change: +5%
Average annual wage: £19,916
House price to wage ratio: 5
What’s for sale: two-bedroom semi-detached bungalow in Kilmarnock, a town in East Ayrshire, for £100,000.


7. Pendle, Lancashire
Average house price: £92,663
12-month change: +3%
Average annual wage: £19,708
House price to wage ratio: 5
What’s for sale: three-bedroom terraced house in Colne, a town in Pendle, for £98,000.

8. Merthyr Tydfil, Wales
Average house price: £94,907
12-month change: +1%
Annual wage: £19,968
House price to wage ratio: 5
What’s for sale: three-bedroom terraced house for £86,950.


9. Neath Port Talbot
Average house price: £102,046
12-month change: +2%
Annual wage: £21,268
House price to wage ratio: 5
What’s for sale: three-bedroom terraced house in Neath, a town in Neath Port Talbot, for £109,995.


10. Stoke-on-Trent, Staffordshire
Average house price: £102,877
12-month change: +7%
Average annual wage: £21,008
House price to wage ratio: 5
What’s for sale: two-bedroom semi-detached house for £100,000.

Information provided by Zoopla – https://www.zoopla.co.uk/discover/featured-homes/top-10-most-affordable-places-to-live/#uzByy2RdCfV665gg.97

 

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