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Britain’s most affordable places to buy a home revealed

House hunters battling both inflation and rapidly rising house prices may be more interested than usual in a list of Britain’s most affordable places to live.

The list, revealed by the property website Zoopla, looks at average local house prices compared to the combined income of an average two-earner household in the same location and is dominated by locations in Scotland and the North.

Top of the rankings – for the third year running – is the Durham town of Shildon, where the average house price is £71,000. The average household salary in Shildon, based on two earners, is £62,500, producing a price to earnings ratio is 1.14.

The list of the most affordable places to buy a property in 2022 has been produced by Zoopla

The list of the most affordable places to buy a property in 2022 has been produced by Zoopla

This stands in contrast to the average across Britain of double-earner households expecting to pay four times their combined salary to purchase a home in 2022.

The report highlighted how annual house price growth – as of January this year – is almost double that of annual wage growth.

Three other County Durham locations also feature in the top ten – Ferryhill, Peterlee and Trimdon Station – as buyers in these towns can expect to pay only up to 1.5 times the average two-earner household salary for a property.

Four towns in Scotland also feature, with all areas of historic Ayrshire including Stevenson, Cumnock, Girvan and – the only new entrant – Irvine making the top ten list thanks to equal steady house price and wage increases.  

Cumbria’s Cleator Moor, and Egremont are also in the top ten affordable towns in Britain. 

But Clydebank in Scotland had the lowest average house price of £115,700 and only a price to earnings ratio of 1.8 for potential buyers in the area, making a move to the outskirts of Glasgow relatively affordable. 

This three-bedroom house in the town of Shildon, County Durham, is for sale for £55,000 via Pattinson estate agents

This three-bedroom house in the town of Shildon, County Durham, is for sale for £55,000 via Pattinson estate agents

THE MOST AFFORDABLE PLACE TO BUY A PROPERTY IN BRITAIN
Postal town Local Authority Avg property value (rounded to nearest £100) Median household earnings estimate(annual, 2-earners, rounded to nearest £100) Price to earnings ratio Feb 2022 Price to earnings ratioFeb 2021 YoY % change in affordability
SHILDON County Durham £71,000 £62,500 1.14 1.08 -5.2%
CLEATOR MOOR Copeland District (B) £105,700 £85,700 1.23 1.08 -14.1%
FERRYHILL County Durham £80,400 £62,500 1.29 1.29 0.6%
STEVENSTON North Ayrshire £88,800 £68,000 1.31 1.32 1.1%
CUMNOCK East Ayrshire £89,400 £67,000 1.34 1.25 -7.2%
PETERLEE County Durham £84,200 £62,500 1.35 1.45 7.1%
EGREMONT Copeland District (B) £120,900 £85,700 1.41 1.26 -12.1%
TRIMDON STATION County Durham £91,500 £62,500 1.46 1.51 2.7%
GIRVAN South Ayrshire £105,000 £70,500 1.49 1.45 -2.5%
IRVINE North Ayrshire £102,100 £68,000 1.50 1.50 -0.4%
Source: Zoopla           
This two-bedroom terrace property in Girvan, South Ayrshire, is for sale for £84,000 via Bruach estate agents

This two-bedroom terrace property in Girvan, South Ayrshire, is for sale for £84,000 via Bruach estate agents

The Covid pandemic has seen a noteable shift in buyer demand to less urban areas, in what has been dubbed a ‘race for space’, but Zoopla said major cities are bouncing back. 

In London, the level of sales agreed so far this year is higher than in the first three months of 2021. And demand in Newcastle and Birmingham is up 7 per cent and 5 per cent respectively in early 2022.

Zoopla suggested that this shows the desire for city centre living has returned following several lockdowns. 

There are some pockets of affordability in Britain’s major cities. In London, Barking and Dagenham and Bexley remain in the top two spots for affordability, with Croydon in joint third place with Tower Hamlets.

In these boroughs, the average cost of a home is 5.5 times the annual salary for a two-earner household average salary.

Unsurprisingly, Kensington and Chelsea and the City of Westminster remain some of the most expensive London boroughs, where buyers can expect to pay more than ten times the average two-earners’ salary to purchase a home.

However, that is still a 7 per cent improvement on affordability in Kensington compared to last year thanks to wages growing faster than house prices in the borough.

This two-bedroom house in Irvine, North Ayrshire, is for sale for £125,000 via Slater Hogg & Howison estate agents

This two-bedroom house in Irvine, North Ayrshire, is for sale for £125,000 via Slater Hogg & Howison estate agents

Brierley Hill in Dudley is the most affordable Birmingham suburb where the house price to earnings ratio is 3.2 for an average house price of £194,200.

Wallsend tops the affordability list in Newcastle with the price to earnings ratio at 2.1 for a house price of £135,600, while Leigh in Greater Manchester is the most affordable there with an average price of £153,000 and price to earnings ratio of 2.5.

Grainne Gilmore, of Zoopla, said: ‘The cost of living crisis has meant that affordability has been pushed to the forefront of buyers’ minds this year, more than ever.

‘Once again, we are seeing that many of the most affordable areas for potential home buyers are across Scotland and the North of England which could be attractive to those still searching for the perfect post-pandemic family space.’

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Is DIY on your list this Bank Holiday weekend? Big Brother winner Craig Phillips gives his five tips for getting the job done

Here, Craig give his top tips for DIY jobs this Bank Holiday weekend…

1. Garden furniture

This time of the year when the weather is starting to change, a lot of people are looking to see what they can revamp in their gardens to bring them back to life.

Throughout the winter the garden furniture has been exposed to all sorts, but it’s easy enough to give them a little makeover with some paint.

Craig give his top tips for DIY jobs this Bank Holiday weekend

Craig give his top tips for DIY jobs this Bank Holiday weekend

If anyone has metal or wooden garden furniture, it might have got a bit rusty or flaky, but you can remove this by jet washing it down and then bringing it indoors to let it dry out.

After it’s completely dry, think about adding any wood treatment on the bare wood to make things last that little bit longer.

Then I would consider using a natural mineral paint, that’s good for the environment and quite inexpensive. They have some great colours.

I really like a daffodil yellow to brighten up the garden. If you have metal furniture, it’s pretty much the same process, but you don’t need to add the wood treatment.

2. Loft space 

Converting your loft space doesn’t always have to be to gain an additional habitat room in your house, you may just need that vital extra storage space.

We find that most of us tend to hold on to too much stuff that we don’t often use or may never really use again.

My wife Laura is still holding onto her wedding dress seven years later which takes up so much space when hanging in our cupboards, she’s probably never going to wear it again however she’s got no plans to get rid of it.

Then you’ve got things like the Christmas tree and decorations, holiday suitcases, old family photo albums that you certainly don’t want to part with that need to be stored somewhere safe and dry – and the loft is the perfect place.

Installing raised loft boards means that you can upgrade the insulation in your loft

Installing raised loft boards means that you can upgrade the insulation in your loft

3. Energy improvements

Additional benefits of installing raised loft boards goes beyond just storage space, it allows you to upgrade your loft insulation to the correct regulations which is going to save on your energy consumption, which is better for the environment as well as savings on your utility bills, a win/win situation for us all.

It can also help when selling your home as an EPC certificate will be required, and having the correct level of loft insulation installed improves your EPC rating.

Having your loft space well insulated will benefit the bedrooms below from unwanted draughts and sound coming from the loft area.

We often have water tanks up there that can be noisy, or sounds coming in from outside.

People don’t often know that many loud sounds from outside can work their way into your home from the loft space. Often our house walls are two courses of brick or blocks thick and will stop air bound noise travelling through.

However, our roof structure may only be felt, batten and have tiles on the surface and have a single layer of plaster boards between the loft and the bedrooms.

This is where the additional loft insulation and raised floor boards will help to absorb and dampen sound traveling though into the bedrooms and hallways.

4. Draught proofing

Adding additional draught proofing around doors and windows frames also make your home more energy efficient and comfortable to be in.

These DIY tasks are very quick and easy to complete yourself and don’t cost much money.

The draught excluders can be fitted with minimal tools and are achieved in just hours.  

I always ask people to go home and place their hands around the inside of your door and window frames, letter boxes, cat or dog flaps to see if they can feel any cold draft entering into their house.

If you can feel the cold air coming in, then you’re also allowing hot air that’s generated from your heating system to escape.

Again, this is costly to both your bank balance and the environment.

5. Energy savings

Bleeding your radiators, changing, and upgrading the thermostat on each radiator and applying an insulated reflective foil to the rear of your radiators can all make great savings to your energy consumption.

Again, these kind of DIY tasks are achievable on a budget and can be done by with little experience.

If you’re attempting to change your own radiator thermostats yourself, it’s certainly worth watching online video demonstrations to follow the step-by-step stages to ensure you are doing correctly and safely.

With the ongoing energy crisis and cost of living increase in the UK, now more than ever, people are looking to save energy in every way possible.

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We need to replace our uPVC double-glazing – should we opt for grey?

Our double-glazing needs replacing in our three-bedroom semi-detached home due to its age. 

We’ve had two quotes for uPVC windows, and have been offered the option of grey anthracite.

On both quotes, grey comes out at around 15 per cent more expensive.

However, I’ve noticed in our local area that many people seem to have gone grey in recent years, rather than the typical white.

Going grey: A This is Money reader wants to know about the pros and cons of grey windows

Going grey: A This is Money reader wants to know about the pros and cons of grey windows 

I do wonder if there is any benefit to going grey, other than them not showing up dirt as much?

Would it add extra value to our home when we come to sell? Or is it simply just an aesthetic choice? 

Jane Denton replies: The ‘greyification’ of home interiors, cars and now windows has been hard to miss in the last few years. 

New-build homes with grey windows can be found springing up all over Britain. 

Plus, buyers purchasing homes which need a fair amount of work doing to them are, in ever growing numbers, opting for grey windows. Some people view grey as chic and contemporary. 

Send us your property question 

We’d love to hear from you if you have a property question and want to find out what the experts have to say on the matter. 

Whether you have neighbour woes, are looking to update or move home, or perhaps you can’t decide how to sort out an extension or make a room look bigger, we want to hear from you.

If you are a prospective first-time buyer or already on the housing ladder and have a property quandary, get in touch.

Email editor@thisismoney.co.uk

Please put PROPERTY in the subject line. 

As you suggest, your decision will boil down to personal choice and key factors like price, durability and aesthetics. 

While grey can hide dirt better than white, grey can sometimes look somewhat dull. 

Perhaps it’s also worth considering is grey is just a passing fad and will look dated in a decade or so – though that won’t bother you if you have moved house by that point.

Grey windows still aren’t the norm, meaning they are generally more expensive than white ones. 

The same goes, for example, for black or sage green windows. 

The exact costs involved will vary depending on the supplier used, the material you go for, the size of window required and whether the windows are double or triple glazed. 

Depending what you plump for, you could expect to pay around 10 to 20 per cent more for grey windows than conventional white uPVC ones. 

Timber and aluminum options can be pricier. 

In most circumstances, you wouldn’t need planning permission to change the windows in the manner you suggest. 

Permitted development rights are likely to apply. However, for a listed building, planning permission would be required.

In terms of what it means for property price and whether they are worth the investment in general, I turned to a property expert.  

Alex Harvey, managing director of Alex Harvey Estate Agents, said: I have seen various trends in windows come and go, however the ones that have always stood out from the crowd are the coloured and textured varieties. 

They seem to add an additional dimension to the look and feel of a property. uPVC windows of any colour can be a good low-maintenance choice. 

Grey windows can also be very practical. They do not show the dirt as much and make more of a statement than conventional white windows. 

It is not just the windows themselves you need to consider. 

Estate agency boss Alex Harvey believes grey windows can add value to a property

Estate agency boss Alex Harvey believes grey windows can add value to a property

It’s essential to have the right furniture and handles on them to compliment the age and style of the property. 

An example of this is where people have chosen black wrought iron monkey tail handles, in place of the usual chrome or even white plastic in an older style property.

In newer style homes, anthracite works really well to frame the windows and tie them into the structure of the home, while using chrome handles to help the rest of the framing stand out.

Windows are not just a way to bring natural light into a home these days, they are an opportunity to frame the view from inside the property by having a textured and coloured surround. 

However, there are mistakes that can occur, the main one can being that there can be too much beading in the window itself, which can take away from the view.

We tell clients considering coming to market about the importance of having their windows free of blown panes or any broken elements. 

Buyers notice these things when looking out of windows to understand the views and the surroundings of the property. 

In terms of whether grey windows add value to a property, it all depends on the quality of the windows and doors and the warranty that’s offered. 

We have had clients who have invested more for windows and doors that have had longer warranties for both their peace of mind and as a selling feature for future owners. 

Without doubt, newly installed windows and doors will improve an Energy Performance Certificate rating and will therefore appeal to a wider range of buyers.

It is not easy to assign an uplift value, over what the windows would cost to install. 

However, I can certainly say that for properties that urgently require new windows and doors to be replaced, buyers often have an understanding of the investment required and can be put off from buying a property that requires this level of improvement.

My gut feel would be a circa 10 per cent uplift if the windows and doors have a good balance of the above, based on the initial investment of the installation.

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Five climb the property ladder! Famous Five-style 17th century manor house with secret room, spyhole and fascinating history goes up for sale for £3.2m

A Famous Five-style manor house with a secret 17th Century ‘panic room’ and tiny spy-hole built into the staircase has gone on sale for £3.2million.

The historic seven-bedroom house started life as a coaching inn just after the English Civil War, but has also been visited by royalty and appeared in a children’s novel.

Among its quirkier features is a secret hiding space dating from more than 300 years ago, which can be accessed via a hidden panel under the stairs, leading to a tiny room beneath. 

Owners could monitor who came to their front door through a tiny spy-hole built into the staircase.

The property at Peppard Common, Henley-on-Thames, Oxfordshire, has four reception rooms, more than three acres of wraparound gardens and paddocks and is on the edge of the Chilterns Area of Outstanding Natural Beauty.

A Famous Five-style manor house at Peppard Common, Henley-on-Thames, Oxfordshire, with a secret 17th Century 'panic room' and spyhole in the staircase has gone on sale for £3.2million

A Famous Five-style manor house at Peppard Common, Henley-on-Thames, Oxfordshire, with a secret 17th Century ‘panic room’ and spyhole in the staircase has gone on sale for £3.2million

One of two dining rooms in the property, which was visited in the early 1900s by the future King Edward VII and his wife, Queen Alexandra

One of two dining rooms in the property, which was visited in the early 1900s by the future King Edward VII and his wife, Queen Alexandra

During the early 1900s it was visited by the future King Edward VII with his wife, Queen Alexandra, when they were the Prince and Princess of Wales

The then owner was a lady-in-waiting to the royal family.

It also featured in The White Witch, a 1958 novel by acclaimed children’s writer Elizabeth Goudge. 

In it she describes her character looking out of the house’s south and east windows saying ‘she could see far over the fields to the sunrise’.

The new owners will still have stunning views, which take in local countryside, as well as the village cricket pitch.

Inside, the house is filled with original features, including wooden panelling in the entrance hall, beamed ceilings, flint walls and leaded light windows.

The property has an entrance hall, kitchen, two dining rooms, family room, lounge, utility and laundry room and boot room on the ground floor with a cellar below.

Upstairs is an open-plan study area, seven bedrooms and two bathrooms.

Outside, the property has around 3.2 acres of wraparound gardens and paddocks and a triple garage with courtyard parking area and a gravel drive.

The owner said: ‘The house itself is steeped in history as it originally dates back to 1688, just a few decades after the Civil War, and interestingly it has a 17th century panic room hidden behind a section of the original wood panelling.

‘There are stories of visits from royalty – it was owned by a lady-in-waiting in the early years of the 20th century – and it featured heavily in a historical novel called The White Witch, written by Elizabeth Goudge who, many years ago, lived on the other side of the common.

A secret 'panic' room dating back more than 300 years has a tiny spy-hole built into the staircase of the historic property

A secret ‘panic’ room dating back more than 300 years has a tiny spy-hole built into the staircase of the historic property

The property has four reception rooms, more than three acres of wraparound gardens and paddocks and is on the edge of the Chilterns Area of Outstanding Natural Beauty

The property has four reception rooms, more than three acres of wraparound gardens and paddocks and is on the edge of the Chilterns Area of Outstanding Natural Beauty

‘However, for us it was simply a lovely family home, very spacious and bright, and hugely characterful. 

‘My parents made a number of improvements to it over the years, but there’s definitely lots of scope for the new owners to come in and put their own stamp on it.’

Robert Cable, from Fine & Country, who is handling the sale, said the property belonged to a family of five who had bought it 50 years ago.

He said: ‘They have loved living here and raising their family in this house, it is filled with happy memories, but it’s time for them to move on and pass it to new custodians who will appreciate it as much as they have.

‘It would be perfect for a family that wanted their children to grow up in idyllic rural surroundings.

‘Outside there is so much beautiful space to enjoy, or even keep a pony; inside there is so much space and so many nooks and crannies for children to hide, along with the secret room – it’s like something from the Famous Five novels.’

Inside, the house is filled with original features, including wooden panelling in the entrance hall, beamed ceilings, flint walls and leaded light windows

Inside, the house is filled with original features, including wooden panelling in the entrance hall, beamed ceilings, flint walls and leaded light windows

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