10 Cheapest Places To Buy A Flat In England And Wales Revealed

Bexley was found to be the most affordable London borough, with mortgage payments on homes equating to about 27.76% of monthly wages.

The research isn’t completely foolproof as it did make the assumption that someone would have a 15% deposit to put down – hard to save if you live in an area with sky-high rental costs. 

The calculations of potential mortgage payments are also theoretical – in reality, lenders must carry out strong checks to make sure people’s mortgages are affordable and that they are not borrowing more than they will comfortably be able to pay back. In other words, you (probably) won’t be offered a mortgage in Chelsea if you earn the average wage. We can all dream. 

The top 10 cheapest areas for single buyers, according to Zoopla (and the percentage of wages your mortgage could take up): 

1. Sunderland, 9.19%

2. North Tyneside, 10.67%

3. Wakefield, 11.53%

4. Blackpool, 11.54%

5. Wirral, 11.65%

6. Kirklees, 11.91%

7. East Riding of Yorkshire, 12.11%

8. Bradford, 12.72%

=9. Derby, 13.02%

=9. Kingston upon Hull, 13.02%

The top 10 most expensive areas for single buyers (and the percentage of wages your mortgage could take up): 

1. Hertsmere, 35.07%

2. Brighton and Hove, 34.37%

3. Watford, 33.61%

4. Spelthorne, Surrey, 33.52%

5. Oxford, 32.25%

6. Cambridge, 32.06%

7. Slough, 31.74%

8. Mole Valley,Surrey, 31.23%

9. Epsom and Ewell, Surrey, 30.76%

10. Windsor and Maidenhead, Berkshire, 30.59%