5 cities where you can get on the property ladder with the UK’s average salary

2 hours ago 1

It tin often consciousness similar you request to beryllium bringing location a immense wage cheque to beryllium capable to afford a house.

While that whitethorn beryllium the lawsuit if you’re looking to bargain successful London, oregon its surrounding counties, determination are really places successful the UK wherever the average salary tin get you a mortgage.

According to the ONS, Brits gain an mean of £35,830 per year, which is capable to get you a owe successful immoderate of the UK’s astir vibrant cities.

Marc von Grundherr, manager of Benham and Reeves property agents tells Metro: ‘There are presently 116 section authorities wherever the mean first-time purchaser tin suffice for a mortgage at 4.5 times the mean income, having placed a 15% deposit.’

As Marc points out, you volition of people request a deposit, which according to Zoopla, averaged astatine astir 15% for a three-bed location successful 2023. This means you’d request to enactment down £34,500 for a £240,000 property, but if you see immoderate of the much affordable options, you won’t request to prevention rather truthful much. For example, an mean first-time purchaser location terms successful Liverpool is £158,333, making a 15% deposit £23,750.

While 116 options whitethorn look overwhelming, fearfulness not, due to the fact that Marc had narrowed down his apical 5 picks for archetypal clip buyers.

Liverpool

We’ve already mentioned this North West stalwart, and it’s the director’s apical pick.

Marc says: ‘Liverpool presently boasts an mean first-time purchaser location terms of conscionable £158,333, meaning that first-time buyers tin payment from each the metropolis has to offer, from affluent past and culture, to a thriving arts and a euphony scene, without having to look to the commuter loop successful bid to bash so.’

You could unrecorded successful this ‘New York’ benignant apartment successful the fashionable Baltic Triangle for £160,000, oregon however astir different £160,000 flat in a prestigious people II listed building?

Since being named the European Capital of Culture successful 2008, Liverpool is bursting with things to spot and do. Its top hits see the Open Eye Gallery – an ‘open source’ photography assemblage that boasts astir 85,000 visitors a twelvemonth – arsenic good arsenic the Tate, Royal Albert Docks, and the Beatles Story.

The metropolis is little than 3 hours from London on the bid and tickets commencement astatine a tenable £14.

Glasgow

Next connected the database is the larboard metropolis of Glasgow.

‘Many areas of Scotland proceed to stay affordable, but with the mean first-time purchaser priced retired of the superior Edinburgh, those successful hunt of the large metropolis manner should look to Glasgow, wherever the mean terms of a archetypal location is presently conscionable £165,769,’ Marc explains.

It was besides named arsenic the UK metropolis wherever homes merchantability the fastest, with an mean of conscionable 41 days connected the market.

You could unrecorded successful this £170,000 one-bed successful the fashionable West End, a territory packed afloat of arts, civilization and large eats. Or possibly you’d similar this charming archetypal level level one of the city’s fashionable residential streets, for £135,000.

There’s immoderate large nutrient to beryllium had successful Glasgow excessively . Dine astatine The Ubiquitous Chip, a brasserie offering revamped Scottish fare, with a courtyard covered successful trees, plants, vines and fairy lights. Mowgli, an Indian restaurant, oregon Waxy O’Connor’s, are besides large options.

Newcastle

Third is location to the Geordies: Newcastle.

Marc says: ‘Newcastle is possibly 1 of the friendliest cities successful the federation and besides boasts a affluent history, civilization and a vibrant societal scene.

‘With an mean location terms of conscionable £172,973, it’s besides affordable for the mean first-time buyer.’

You could drawback up this spacious level with 2 treble bedrooms successful the metropolis centre for £175,000, oregon this three-bed terraced townhouse for £160,000.

The metropolis besides has the highest ratio of Grade I and II* buildings arsenic a proportionality of each its listed buildings, and if it’s stunning architecture you’re after, the Tyne Bridge inspired Australia’s Sydney Harbour Bridge, which opened 5 years later.

The Metro Centre offers large buying with each the accustomed amusement and activities connected offer. A peculiarly bully spot is The Botanist successful the metropolis centre, with cocktails served successful works pots, portion fauna covers the full restaurant.

Nottingham

Nottingham, an East Midlands favourite, is simply a large enactment for those looking to bargain successful the Midlands.

Marc says that the mean location for a archetypal clip purchaser is priced astatine £183,614 and you tin unrecorded close successful the centre. For example, there’s this one-bed flat, successful a fashionable waterfront improvement for conscionable £110,000.

Home to 2 universities, there’s nary shortage of bars, restaurants and wildlife successful Nottingham, with Penny Lane and Pepper Rocks making large day nighttime spots.

For a portion of good dining, we’d urge Alchemilla, a Michelin prima edifice offering stunning tasting menus.

If you’re 1 for the outdoors, you tin bask a peaceful locomotion astir Wollaton Hall, Gardens and Deer Park.

Swansea

Last, but not least, is the Welsh metropolis of Swansea.

‘In Swansea the mean archetypal location is priced astatine £183,120, making it a realistic enactment for the mean first-time purchaser who wants to unrecorded wrong a large city, not conscionable wrong scope of one,’ Marc says.

This stunning character four-bed successful the fashionable country of Heol Las for £190,000 would beryllium cleanable for a family, oregon this three-bed successful the suburbs of Swansea is listed arsenic an ‘ideal’ first-time location for conscionable £180,000.

Back successful March, the metropolis was named the champion spot successful the UK to bargain a location for newbie buyers. It was ranked based on average location price, transgression information score, postulation scale people and beingness restitution score, getting an implicit each people of 82/100.

The city’s residents person bully levels of idiosyncratic wellbeing, according to ONS, and it had little transgression levels and little traffic, meaning nary nightmare commute.

Dubbed Wales’ ‘waterfront city’, Swansea sits close connected the sea. Just a fewer minutes locomotion from the metropolis centre is simply a five-mile agelong of sandy formation sweeping from the concern docklands close up to the bustling seaside colony of Mumbles.

Cycle paths enactment the bay to connection bikers a magnificent Sunday day ride, wherever food and chips connected the Victorian Pier await those energetic enough.

Areas wherever you tin bargain a location with a £35k salary

Midlothian – SCOTLAND – £197,307
Telford and Wrekin – WEST MIDLANDS – £197,245
Newark and Sherwood – EAST MIDLANDS – £196,454
Nuneaton and Bedworth – WEST MIDLANDS – £196,004
East Dunbartonshire – SCOTLAND – £195,904
Ipswich – EAST OF ENGLAND – £195,856
East Staffordshire – WEST MIDLANDS – £195,354
Staffordshire Moorlands – WEST MIDLANDS – £195,198
Isle of Anglesey – WALES – £193,276
Conwy – WALES – £193,039
Erewash – EAST MIDLANDS – £192,107
Stirling – SCOTLAND – £191,030
Tameside – NORTH WEST – £189,988
East Riding of Yorkshire – YORKSHIRE AND THE HUMBER – £189,699
Sheffield – YORKSHIRE AND THE HUMBER – £189,345
Fylde – NORTH WEST – £189,291
Wolverhampton – WEST MIDLANDS – £189,001
South Holland – EAST MIDLANDS – £188,425
Flintshire – WALES – £188,234
Walsall – WEST MIDLANDS – £187,912
Bridgend – WALES – £187,194
Sandwell – WEST MIDLANDS – £185,867
Chorley – NORTH WEST – £185,458
Lancaster – NORTH WEST – £184,528
East Lindsey – EAST MIDLANDS – £183,947
Wakefield – YORKSHIRE AND THE HUMBER – £183,874
South Ribble – NORTH WEST – £183,818
City of Derby – EAST MIDLANDS – £183,812
City of Nottingham – EAST MIDLANDS – £183,614
West Lancashire – NORTH WEST – £183,375
Swansea – WALES – £183,120
Orkney Islands – SCOTLAND – £182,704
Wirral – NORTH WEST – £181,897
Shetland Islands – SCOTLAND – £181,537
Denbighshire – WALES – £181,176
Great Yarmouth – EAST OF ENGLAND – £181,006
Newcastle-under-Lyme – WEST MIDLANDS – £180,716
North Tyneside – NORTH EAST – £179,505
Westmorland and Furness – NORTH WEST – £179,159
West Lindsey – EAST MIDLANDS – £178,953
Perth and Kinross – SCOTLAND – £178,090
Sefton – NORTH WEST – £177,646
Rochdale – NORTH WEST – £176,773
Oldham – NORTH WEST – £176,684
West Lothian – SCOTLAND – £175,984
Wrexham – WALES – £175,598
Bassetlaw – EAST MIDLANDS – £175,168
Carmarthenshire – WALES – £174,308
Kirklees – YORKSHIRE AND THE HUMBER – £173,786
Newcastle upon Tyne – NORTH EAST – £172,973
Moray – SCOTLAND – £172,963
Caerphilly – WALES – £172,549
Northumberland – NORTH EAST – £172,197
Ashfield – EAST MIDLANDS – £172,119
St Helens – NORTH WEST – £171,762
Gwynedd – WALES – £171,736
Highland – SCOTLAND – £171,705
Wigan – NORTH WEST – £170,141
Rotherham – YORKSHIRE AND THE HUMBER – £170,074
Boston – EAST MIDLANDS – £167,531
Mansfield – EAST MIDLANDS – £166,895
Chesterfield – EAST MIDLANDS – £166,761
City of Glasgow – SCOTLAND – £165,769
Halton – NORTH WEST – £165,736
Rossendale – NORTH WEST – £165,503
Bolton – NORTH WEST – £165,404
Bradford – YORKSHIRE AND THE HUMBER – £164,717
Wyre – NORTH WEST – £164,663
Neath Port Talbot – WALES – £162,889
Lincoln – EAST MIDLANDS – £162,120
Calderdale – YORKSHIRE AND THE HUMBER – £162,003
Torfaen – WALES – £161,555
Knowsley – NORTH WEST – £161,362
Scottish Borders – SCOTLAND – £160,772
Bolsover – EAST MIDLANDS – £159,623
Aberdeenshire – SCOTLAND – £158,617
Liverpool – NORTH WEST – £158,333
North Lincolnshire – YORKSHIRE AND THE HUMBER – £154,675
Doncaster – YORKSHIRE AND THE HUMBER – £154,503
Cumberland – NORTH WEST – £150,200
South Tyneside – NORTH EAST – £148,406
Barnsley – YORKSHIRE AND THE HUMBER – £147,647
Argyll and Bute – SCOTLAND – £147,412
Stockton-on-Tees – NORTH EAST – £146,457
Dumfries and Galloway – SCOTLAND – £145,575
North East Lincolnshire – YORKSHIRE AND THE HUMBER – £145,491
Redcar and Cleveland – NORTH EAST – £145,221
Rhondda Cynon Taf – WALES – £144,925
Falkirk – SCOTLAND – £141,824
Fife – SCOTLAND – £141,490
Darlington – NORTH EAST – £140,649
Gateshead – NORTH EAST – £140,585
Preston – NORTH WEST – £139,146
Angus – SCOTLAND – £139,048
South Ayrshire – SCOTLAND – £138,603
Merthyr Tydfil – WALES – £134,820
South Lanarkshire – SCOTLAND – £133,876
Clackmannanshire – SCOTLAND – £132,828
Stoke-on-Trent – WEST MIDLANDS – £132,638
Renfrewshire – SCOTLAND – £132,007
Blackburn with Darwen – NORTH WEST – £131,374
City of Kingston upon Hull – YORKSHIRE AND THE HUMBER – £129,525
City of Dundee – SCOTLAND – £127,308
Blaenau Gwent – WALES – £124,737
Blackpool – NORTH WEST – £123,439
West Dunbartonshire – SCOTLAND – £122,396
Middlesbrough – NORTH EAST – £121,153
Sunderland – NORTH EAST – £119,872
North Lanarkshire – SCOTLAND – £118,600
County Durham – NORTH EAST – £116,225
Hyndburn – NORTH WEST – £114,940
City of Aberdeen – SCOTLAND – £114,103
Hartlepool – NORTH EAST – £113,962
North Ayrshire – SCOTLAND – £112,336
Na h-Eileanan Siar – SCOTLAND – £112,038
Inverclyde – SCOTLAND – £111,139
Pendle – NORTH WEST – £109,930
East Ayrshire – SCOTLAND – £105,012
Burnley – NORTH WEST – £100,649

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