The most affordable area to buy a house in Cheshire is Halton, according to the latest data. The average cost of a home in this local authority area - which includes the likes of Runcorn, Widnes, Daresbury and Hale - is £190,022.
The figure comes from Land Registry data and relates to the 12-month period to October 2023. With the average full-time salary in Halton standing at £33,318 a year before tax, it means that the average home in the area costs 5.7 times the average salary.
That’s the lowest price to income ratio of any local authority in Cheshire. Elsewhere in the county, the average cost of a house in Cheshire West and Chester is 7.3 times the average salary, while in Warrington it's 7.7.
Cheshire East is the least affordable area with the average house there costing £294,440. The average full-time salary, meanwhile, is currently £36,046 a year so that means the average home there costs 8.2 times the average salary.
There are many other parts of Great Britain where properties are far more affordable than in Cheshire, compared to average salaries, although the county does not rank among the least affordable. East Ayrshire and Burnley are the most affordable places to buy a house in the country. Kensington and Chelsea is the least affordable local authority in the country.
You can see the ratios at each local authority in the country using this interactive map:
Cheshire's most affordable area to buy a house - and how the rest of UK compares. The most affordable area to buy a house in Cheshire is Halton
Halton
Halton (/hɒltən/) is a unitary authority district with borough status in Cheshire, North West England. It was created in 1974 as a district of the non-metropolitan county of Cheshire, and became a unitary authority area on 1 April 1998 under Halton Borough Council.
https://en.wikipedia.org › wiki › Borough_of_Halton
, according to the latest data. The average cost of a home in this local authority area - which includes the likes of Runcorn, Widnes, Daresbury and Hale - is £190,022.
Compared to other counties in the north, Cheshire remains the most expensive area to buy property. According to May 2017 figures, both Cheshire districts combine to around the £200,000 for an average property, whereas Lancashire is £136,428, Cumbria is £150,074 and the Yorkshire and Humber region is £155,268.
The winner in our cheapest places to buy a home in the South East is the coastal town of Dover. With those famous white cliffs overlooking France, this coastal town boasts some fancy neighbours, with historic Canterbury, bohemian Deal and the Kent Downs Area of Outstanding Natural Beauty all under 30 minutes away.
Affordability is usually the biggest deciding factor. Flats tend to be cheaper than houses in the same area, so if you're on a tight budget and there's a particular place you'd like to live, you'll probably find it easier to buy a flat than a house.
More data from the March 2021 Census is trickling out. The number of Cheshire East residents who describe their ethnicity as white has increased. In 2001 this figure was 96.2%, in 2011 this was 93.6%. In 2021, this is 94.4%.
Living in Cheshire offers the best of both worlds: the peace of the countryside and the handy features of city life. It's a top pick for those wanting a balanced lifestyle. Cheshire has plenty of beautiful villages like Alderley Edge, Tarporley and Knutsford.
The East of England (-1.7%), the South East (-1.6%) and the South West (-1.4%) are the worst hit when it comes to house price falls. London and the East Midlands are the final two regions where house prices have fallen over the last year, although these are minor at -0.7% and -0.2% respectively.
Folkestone has been named the best place to live in the South East of England, in the annual Sunday Times Best Places to Live guide. The judges praised the town's schools, cool shops and high speed trains.
Housing in the UK is generally cheaper than in the US, and the average one person rent in the UK is £880. Meanwhile, a family would expect to pay £1,550 a month. There is a huge amount of variation depending on where you live in the UK.
In summary: buying requires a bigger upfront cost, but renting is more expensive in the long term. A good rule of thumb is that buying a property becomes better value after around 10 years, compared to renting an identical property. Whether it's cheaper to buy or rent depends on several factors.
Introduction: My name is Twana Towne Ret, I am a famous, talented, joyous, perfect, powerful, inquisitive, lovely person who loves writing and wants to share my knowledge and understanding with you.
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