Vintage
House prices map shows how much you need to earn to buy in UK cities
Financial services and comparison company Gocompare has shared the salary required to buy a property across the UK. The comparison site used a sample of a third of the income you take home. For example, if the average price of an apartment is £150,000, your monthly re-mortgage repayments would be £750 (based on a 90 percent mortgage with a 4.5 percent interest rate example over 25 years). Housing costs of £750 per month mean you’ll need a minimum of £2,300 per month after tax to keep costs under a third of your take-home pay.
To achieve this, your after-tax annual salary must be at least £28,000 to be able to afford that £150,000 flat.
The after-tax annual take-home figure does not take into account other financial commitments, such as student loans.
House prices used are from HM Land Registry UK House Price Index: February 2022.
Below, Gocompare has outlined the most affordable and most affordable cities to buy a house and the salary you need to buy an apartment, a terraced property, a semi-detached house and a family house in these areas.
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least affordable
London
Not surprisingly, London tops out as the most expensive place to buy a property in the UK.
To buy a property in the capital, buyers will have to earn the most.
Salary required to buy…
Flat – £82,038
Terrace – £102,621
Semi-detached – £123,009
Detached – £194,327
Brighton
Brighton, sometimes known as “London by the Sea”, is a seaside resort located just 80 miles south of London.
The city, which has become a popular place to shop during the pandemic, is known for its exotic architecture, modern culture and boutique shops in The Lanes.
Salary required to buy…
Apartment – £61,237
Terrace – £85,807
Semi-detached – £96,277
Detached – £149,420
Cambridge
The picturesque city of Cambridge is known for its prestigious university, boating on the River Cam, and museums.
Tudor houses, Mathematical Bridge; Designed and built in 1749; and the 17th-century Wren Library.
Salary required to buy…
Flat – £57,682
Terrace – £92,648
Semi-detached – £108,157
Detached – £184,756
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Oxford
Like Cambridge, Oxford revolves around its incredible university, founded in the 12th century.
Oxford is known as the “City of Dreaming Towers” and has been the home of royalty, scholars and other well-established people for over 800 years.
Salary required to buy…
Apartment – £55,674
Terrace – £86,212
Semi-detached – £110,125
Detached – £178,405
Bristol
Bristol sits on either side of the River Avon and is a cultural hub known for its lively restaurants, shops and party scene.
Salary required to buy…
Apartment – £47,714
Terrace – £64,145
Semi-detached – £76,758
Detached – £119,068
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most affordable
Burnley
Burley is located in Lancashire, just 32 km north of Manchester and 32 km east of Preston.
Surrounded by charming countryside, the town offers a great quality of life, especially for those who love outdoor activities such as hiking, canoeing, cycling, sailing and golf.
Salary required to buy…
Flat – £13,434
Terrace – £17,326
Semi-detached – £25,073
Detached – £39,387
Preston
Preston in Lancashire has a rich history and is conveniently located near four major motorways and a major central railway station.
The city has a vibrant shopping centre, picturesque parks and Preston Markets, a one-stop destination for fresh local food.
Salary required to buy…
Flat – £14,841
Terrace – £20,956
Semi-detached – £29,978
Detached – £50,367
Ortakoy
Middlesbrough is a town on the south bank of the River Tees in North Yorkshire and is near the North York Moors national park.
The industrial city is actually one of the driest parts of the country, as it is protected by both the Lake District and the Pennines.
Salary required to buy…
Apartment – £15,020
Terrace – £18,965
Semi-detached – £26,207
Detached – £45,613
black pool
This Lancashire seaside resort is famous for Blackpool Pleasure Beach, an old-fashioned amusement park with vintage wooden roller coasters.
The landmark Blackpool Tower features a circus, a glass viewing platform and the Tower Ballroom.
Salary required to buy…
Flat – £15,916
Terrace – £21,666
Semi-detached – £28,489
Detached – £42,194
mansfield
Mansfield is Nottinghamshire’s largest market town and is located right on the edge of charming countryside.
The town is located near Sherwood Forest, perfect for long walks. On the outskirts of Mansfield is the East Midlands Designer Outlet, with 65 design brands and many restaurants under one roof.
Salary required to buy…
Flat – £16,280
Terrace – £21,917
Semi-detached – £28,101
Detached – £43,870
