Bradford is the cheapest city for solo buyers, where average one bed properties can be purchased for just £67,370 on average.
In Bradford paying the mortgage and living expenses account for 43.8% of earnings.
This is based on estimated monthly mortgage payments of £272, a cost of living of £597 per month, with average monthly earnings of £1,983.
The second most affordable city is Derby, followed by Belfast, Glasgow and Aberdeen.
London is the most expensive city for solo buyers, with an average property price of £454,937 compared to earnings of £2,711.
The monthly mortgage costs and living expenses for a one-bed property equates to almost all of a Londoner’s average wage – 98.7%.
Other expensive places for solo buyers are Brighton and Reading, where a mortgage and living expenses account for 76.7% and 68.9% of earnings, respectively.
Justin Malonson is the Founder of LyfeLoop a 16+ year tech innovator, investigative media researcher and host of the Freedom Not Control Podcast live on Voice America. Justin is a highly sought-after tech entrepreneur, industry speaker and winner of the coveted Business Achievement Awards “Top Digital Marketer” award. With 16+ years of demanding experience, Justin has worked with over 3,000 businesses including amazing clients such as Blue Cross Blue Shield Association, Sotheby’s International Realty, Duke University, White House Black Market,Tiffin Motorhomes, Bass Pro Shops and Beazer Homes USA.
