Juxtaposing the cheapest seaside towns to live in the UK, the Halifax report also revealed the most expensive, with all but one located in the south of England. We use cookies to allow us and selected partners to improve your experience and our advertising. Aberdeen & Aberdeenshire. East Ayrshire, Scotland Somewhere close to your friends and family? Median gross i Here, local workers would have to fork out 44.51 times their annual salary to buy a house – meaning very few people that work in this area would have the luxury of owning a property nearby. 4. Maybe the cheapest borough to rent in London; an average house in Bexley will cost £1,007 a month to rent, roughly £2,000 cheaper than in London’s most expensive areas. By continuing to browse you consent to our use of cookies. Nestled in the Lancashire area close to the River Wrye, a home here will on average set you back just £79,703. The 10 cheapest seaside towns to buy property. The figures show the average house price as a multiple of the average salary in that area. Overall sold prices in South East over the last year were 3% up on the previous year and 7% up on the 2017 level of £391,172. The 50 best places to live in the UK: South East of England dominates 2014 quality of life league with Hampshire district retaining top spot. If you’re looking for somewhere to live in England, you can use our area comparison tool to compare local authorities with each other, or with the national average, on measures such as school Ofsted ratings, house prices and even average life expectancy. You can understand more and change your cookies preferences here. Those who want to call Wyre “home” will have access to the many rural delights of Lancashire. Somewhere near good schools, a park, or lots of shops? See the top 10 most affordable towns to buy in: 1. 1.Wyre, North West, £79,703 The top spot on the list of 10 cheapest rural locations in the UK goes to Wyre. So while the average wage in London is likely to be higher than Daventry, for instance, it’s all relative if you want to buy a house in the area where you work. By Katherine Odams. Tower Hamlets came out as London’s most affordable area, with house prices at an average of 9.84 times locals’ salaries. House price affordability has increased for those living and working in Northern Ireland and the north east of England. This is far more affordable than the likes of Stratford-on-Avon (which came out at 10.41), Daventry (10.27) and Basildon (10.59). Semi-detached properties sold for an average of £401,296, with detached properties fetching £628,630. If you're wondering where the best place to live in Scotland is for you, then look no further. 2. While average prices can give you a general idea of how much properties cost in certain areas, there’ll be a lot of variation within that. December 17, 2018 Zoopla. After months and years of careful plotting, planning and dreaming, retirement can be thrilling and daunting in equal measures. 2. Meanwhile, workers in Barrow-in-Furness, Pendle and Burnley would all need to spend less than four times their annual salary to buy locally. Ivinghoe Beacon in the Chiltern Hills, south east of England [Creative Commons] Creative Commons. Some say it’s one of the best places to live in the UK, others say it’s one of the worst. There is no data for the areas in grey. In East Sussex, Hove is the lesser-known neighbour to Brighton. Interestingly, the South East of England has the most entries in the top 50 places to live, while Yorkshire and Humberside is the only region in the North to appear in the top 50. This will reduce the amount you need to borrow, and can secure you a more favourable mortgage rate. The North East has the lowest average monthly rent of £523 per month, which is roughly 23.9% of the average total household income in the area. Some may offer you a smaller or larger loan, depending on your circumstances, your credit history and how much of a risk they deem you to be. 1 Answer. On average, a UK full-time worker could expect to pay around 7.8 times their annual salary buying a home in England and Wales in 2018 – but there is huge variation across the UK, as the latest housing affordability data from the Office for National Statistics suggests. var pymParent = new pym.Parent('which-tool', 'https://www.which.co.uk/static/tools/new-reviews/borrow/borrow.html', {}); If buying a home still seems out of reach, you may need to build up your deposit. The cheapest area to rent in the UK. For those looking to buy, the average house price sits at £235,000. As well as having the most affordable house prices, Copeland was revealed to have the cheapest mortgage payments, too. Top 10 ‘most desirable’ places to live in the UK - 2014 5. The most affordable place to live in the West Midlands has been identified - and it's bad news for those living in Birmingham. Want to know more? Shildon, County Durham . Homebuyers in Wales spend around a quarter of their pay on their mortgages, though this may be skewed by prices in Cardiff. But despite rents dropping by 0.4% over the past year, the North East has also seen the largest month-on-month increase by a huge 2.8% from March 2018 to April 2018. Copeland in Cumbria was revealed as the most affordable place to buy a house UK-wide, with average house prices just 2.5 times the annual salary. Our research compared average house prices throughout towns in Britain with average incomes* to discover where the most affordable homes are. Even if you can afford a property in your desired area, you should consider what your monthly mortgage payments will be. The largest town in North Wales is still considered one of the safest by people who live there. Noo. 10 most affordable places to live in South West England. Here’s our list of the best places to retire in the UK. On a country-level, mortgage payers in Scotland and Northern Ireland see the smallest dent in their wallets, with less than a fifth of their pay being spent on their mortgage. Here are the cheapest places to live in London. For example, if you’re buying a three-bedroom house in an area predominantly full of flats, you may find the average price doesn’t really represent the kind of property you’re after. Homebuyers in some parts of the UK would need to fork out nearly 50 times their earnings to buy near work, new data reveals – while others could secure a home for less than three times their income. Though today it’s in the middle of a huge revamp. In this blog, we share our latest list of the top 5 seaside towns, and for some, what may be the best places to live in 2020. The most expensive area within South East was Surrey (£562,981) and the cheapest was Isle Of Wight (£254,122). Overall, the south of England did very well in the survey, with 35 places in southern England within the top 50 best places to live, such as Wokingham in sixth place, Waverley in seventh, Westminster in thirteenth and South Oxfordshire in fourteenth. This is considerably more affordable than the averages for Lenzie and Bearsden, which stand at … Do you want a short commute? Relevance. As recorded by the Land Registry, the average price for a house in the district as a whole is £181,151, while in Kirkintilloch it's £182,492 (according to rightmove.com). 9 years ago. The least affordable mortgage title goes to Brent, where the average resident’s mortgage is eating up a huge 67.8% of their disposable earnings. There’s no denying the city was once considered the butt of many a joke. The port city on England's south coast is considered one of the safest in the whole of the UK. The majority of sales in South East during the last year were terraced properties, selling for an average price of £352,713. Areas in light blue are the most affordable; areas in dark blue the least affordable. Discover the top 10 places in the UK where house prices are cheap and residents are happy...and the reverse Mapped: Where affordable meets desirable - the best places to live in Britain. Buying seaside property in the UK tends to be expensive, as coastal regions are popular retirement and tourism destinations. Located in the north east of Scotland, this region is fondly referred to as 'the oil capital of Europe'. var pymParent = new pym.Parent('which-signup', 'https://www.which.co.uk/static/tools/new-reviews/money-signup/money-signup-rhythmyx.html', {}); The map below shows the affordability of each local authority in England and Wales. Cinderford, with an average … The Lancashire area, which is named after the River Wyre, offers flats for an average of £79,703. Areas in and around Oxford, meanwhile, such as South Oxfordshire, Vale of the White Horse and West Oxfordshire, all ranked well in the Halifax chart. Hop across the river to Lambeth, and properties become almost 60% cheaper. How will Brexit impact your pensions and investments? Answer Save. A lot of people choose to make a clean break away from the drudgery of commuting and busy city centres to the UK’s picturesque coastal towns and rural landscapes for this new era of their lives. Overall sold prices in South East over the last year were 3% up on the previous year and 7% up on the 2017 level of £391,172. Hove is a tranquil more suburban place than Brighton whilst still benefitting from incredibly easy access to the next-door city. Our borrowing calculator below can give you an idea of how much a lender is likely to give you to put towards a home. Indeed, Lambeth’s house prices measure at 14.49 times the average salary – comparatively affordable, if still prohibitive for most people. Revealed: how many people did their tax return at Christmas. The least affordable region, unsurprisingly, is London, with an average price of £496 per sq ft, followed by South East England with an average price of £309 per sq … Find out more: buying a house or flat in London. If you’re buying with someone else, they’ll use your joint income. But this isn’t the case for the whole of London. Live as Queen addresses the nation in annual speech UK News The broadcast happens every year on BBC One at 3pm Aldi worker's wonderful gesture to mum after seeing her burst into tears in the shop Initial laughing points like its fishy smell and obesity rates have been replaced with commendation for how far the area’s come. Here's a detailed guide to Scotland's 15 regions, covering everything from education and lifestyle to work and accommodation. Places were ranked on factors including jobs, schools, local shops and broadband speed. You’ll need to take some time to think about which factors are most important to you, and narrow down your options from there. South East, with an overall average price of £417,195 was more expensive than nearby East of England (£347,016) and West Midlands (£232,943), but was cheaper than London (£661,921). The most expensive area within East Sussex was Colemans Hatch (£1,081,333) and the cheapest was St … Of the least affordable UK cities, both St Albans and Winchester were named by Halifax as two of the best places to live, suggesting their desirability might be driving up prices. Instead, you’ll need to look at how much specific properties are being listed for, and how much they’ve recently sold for. The cheapest place to buy a house, relative to local earnings, is Burnley where the average home costs 3.5 times the average salary. Southampton — 7.75 . 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