Lancashire town named most affordable in the UK where you can buy a house for just £101,000

Lancashire town named most affordable in the UK where you can buy a house for just £101,000

The Mirror - UK News·2024-03-22 17:02

Burnley is the most affordable town in the UK when it comes to residents being able to buy a house, new data shows

Burnley, a town in Lancashire, has been named the most affordable place to buy a house in the UK.

The average property in Burnley was bought for £101,000 in the year to January, according to the latest data from the Land Registry. That makes it the cheapest local authority in which to buy a house in the whole of the country.

When you take local salaries into account, it's also the most affordable. The average full-time employee who lives in Burnley earns £30,932 a year. That means the average home in the area is 3.3 times greater than the average salary. That's the lowest house price to income ratio of any local authority in the UK for which data is available.

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Hyndburn is the sixth most affordable town in the UK at 3.9 while Blackburn with Darwen is 13th on the list at 4.5. Elsewhere in Lancashire, both Blackpool and Preston's average homes are 4.9 times the average salary while in Pendle it's 5, reports Lancs Live. At the top end of the scale, Chorley's average home is 7.2 times the average salary while West Lancashire's is 6.9.

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