The 5 most affordable areas
The 5 most expensive areas
What's the average house price in England?
What's the average house price in Wales?
What's the average house price in Scotland?
What's the average house price in Northern Ireland?

The 5 most affordable areas, The 5 most expensive areas, What's the average house price in England?, What's the average house price in Wales?, What's the average house price in Scotland?, What's the average house price in Northern Ireland?

Buying your own home is a big step. But, depending on where you live in the UK, you might have it easier financially. We all know that London is by far the most expensive place to purchase a property. For example, if you want to own a home in the Kensington and Chelsea area, you’ll have to beg your boss to up your annual salary to £214,750 (Picture: Getty Images)

However, it’s not all doom and gloom. If you’re based outside of London, or you’re willing to up sticks and move to a cheaper part of the UK, it’s likely you’ll be able to snap up a pretty good deal. Property type will also play a big part: a flat vs a detached house will obviously decrease or increase the price (Picture: Getty Images)

How much you need to earn to buy a home where you live

House prices were taken from the UK House Price Index in June 2024. The monthly repayments were calculated based on a 90% mortgage with a 5.5% interest rate over 25 years. Average salaries were calculated assuming that monthly mortgage repayments take up one-third of take-home income (Picture: Getty Images)

The 5 most affordable areas

However, with the ONS revealing that semi-detached houses are the most popular type of dwelling for UK residents, we’ll focus on them for the rest of this article. The second most affordable location was Middlesbrough. In this North Yorkshire town, you’ll need an average salary of £28,549 to afford a £143,492 semi (Picture: Getty Images)

The 5 most expensive areas

Of course, London takes the top spot for each property type. You’ll need to earn £86,513 a year for a flat (costing £434,818 on average), £113,764 for a terraced house (£571,783 on average), £135,326 for a semi (£680,157 on average) and £205,405 for a detached house (£1,032,371 on average) (Picture: Getty Images)

When it comes to semis, Oxford gets the second place. Home to the prestigious university, the average house price here is £600,304, needing a salary of £119,439. Following just behind is Cambridge, the other major uni. Here, your wage should be £119,439 to afford a £591,569 property (Picture: Getty Images)