How affordable the houses are near where you live
Find out how affordable the houses in your neighbourhood are with our interactive widget
The north-south divide across England is ever-present and is emphasised in the cost of purchasing a house.
It comes as no surprise that the most expensive houses and areas to live in are in the south east, while most affordable with cheaper houses is in the north east.
Across England and Wales, the least affordable area to buy a house is in a neighbourhood in the Knightsbridge, Belgravia and Hyde Park area of Westminster, London.
The average house price there, of £3.2 million, is 91.7 times the average income.
Outside of London, the most expensive neighbourhood is in the Oxshott and Stoke D'Abernon area of Elmbridge, Surrey, where homes typically sell for £1.1 million - 24.2 times the average income.
Meanwhile, the most affordable place to buy a house is in a neighbourhood in the Horden area of County Durham, where the average cost of a property in the year to September 2020 was £38,000.
That’s just 1.6 times higher than the average income.
Overall, just 17% of neighbourhoods across England and Wales would be affordable to the average household, based on maximum borrowing levels of 4.5 times income.
Find out how affordable the houses near you are with our interactive widget:
House Price Madness - How affordable are houses near you?
Enter your postcode to see the figures for your neighbourhood
Lenders typically offer 4.5 times income at most.
