28 May 2025
The salary required to be able to buy a home per area
Buying a house is a big deal, and where you are planning to buy will make a difference financially.
Of course, London is one of the priciest areas to buy a property. You’ll be required to earn £86,513 for a flat compared to £14,426 for the equivalent property in Burnley, or £205,405 for a detached home versus £42,996 for the same property in Middlesborough which is quite a contrast.
According to the Office for National Statistics (ONS), the average UK wage is £37,430, and the type of property makes a big difference in the price, for example; a detached house compared to a flat is going to be more expensive.
Most affordable areas in the UK*
Research from GoCompare shows the salaries you need to purchase a house and the average price in different areas across the UK. Below are the top five affordable areas:
| Salary Required | Flat | Terraced | Semi | Detached |
| Burnley | £14,426 | £18,940 | £27,214 | £42,262 |
| Middlesborough | £15,751 | £20,458 | £28,549 | £42,996 |
| Blackpool | £15,859 | £22,923 | £29,065 | £43,702 |
| Sunderland | £17,097 | £22,964 | £29,366 | £48,800 |
| Stoke-on-Trent | £18,268 | £23,160 | £30,560 | £51,243 |
| Average Price | Flat | Terraced | Semi | Detached |
| Burnley | £72,150 | £95,196 | £136,780 | £212,414 |
| Middlesborough | £79,166 | £102,825 | £143,492 | £216,101 |
| Blackpool | £79,708 | £115,213 | £146,084 | £219,652 |
| Sunderland | £85,933 | £115,420 | £147,597 | £245,274 |
| Stoke-on-Trent | £91,816 | £116,405 | £153,596 | £257,553 |
Most expensive areas in the UK*
These are the salaries you need to purchase a house, and the average price in different areas across the UK. Below are the top five most expensive areas:
| Salary Required | Flat | Terraced | Semi | Detached |
| London | £86,513 | £113,764 | £135,326 | £205,405 |
| Cambridge | £66,650 | £100,023 | £119,439 | £193,519 |
| Oxford | £61,982 | £94,256 | £117,701 | £189,489 |
| Brighton | £58,464 | £93,227 | £104,011 | £157,673 |
| Edinburgh | £52,136 | £73,962 | £91,976 | £145,882 |
| Average Price | Flat | Terraced | Semi | Detached |
| London | £435,818 | £571,783 | £680,157 | £1,032,371 |
| Cambridge | £334,988 | £502,721 | £600,304 | £972,634 |
| Oxford | £311,527 | £473,734 | £591,569 | £952,380 |
| Brighton | £293,845 | £468,564 | £522,764 | £792,472 |
| Edinburgh | £262,037 | £371,735 | £462,275 | £733,211 |
Remember, wherever you are looking to buy, the team at Mortgage Required are experts at finding the best product available. Give them a call on 01628 507477 or email team@mortgagerequired.com.
*House prices were taken from HM Land Registry UK House Price Index: June 2024. Repayments were calculated based on a 90% mortgage with 5.5% interest rate over 25 years.
Recent posts
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
Average savings by age in the UK
Yesterday
Many people are quite private when it comes to what is in their bank account. In this short blog, we look into what Brits have saved by age group.
Research from buy-to-let lender, Landbay, shows that UK landlords are looking at raising rents ahead of the Renters' Rights Bill which is due to come into force this year.
Data shows landlords could miss out on green mortgages due to expired energy performance certificates.
Pros and Cons of Equity Release
20 May 2025
Equity release is a type of mortgage that allows homeowners 55 and over to access money from their property's equity without having to leave their home. This is done by securing a loan against the house which is usually repaid by selling the property when the borrower passes away or has to move into long-term care.
Your House Viewing Checklist
19 May 2025
It’s important to ask questions about the property you are interested in before taking that step to make an offer. A little probing can make all the difference between buying your dream house or something that requires a lot of work.
Half of over 60s predicted to benefit from accessing housing wealth through Equity Release
16 May 2025
There are millions of homeowners over the age of 60 who are likely to release money from their homes to pay for their lifestyle during retirement giving those who are 'asset rich but cash poor' a way to live out their retirement the way they wish.
The average age of a first-time buyer in the UK is two years older than 10 years ago. This is understandable with managing the cost-of-living and challenges within the economy such as high interest rates making it difficult to get onto the property ladder.
More information
Trusted by
