Feb 12 • 08:52 UTC 🇬🇧 UK Mirror

Zoopla reveals UK property hotspots for single people where it costs £408 a month

Zoopla's new research identifies Sunderland as the UK's most affordable city for single homebuyers, with average monthly mortgage payments of £408, equating to 17% of the average salary.

Zoopla has published research highlighting the most affordable property hotspots in the UK for single buyers, with Sunderland emerging as the top choice. The average monthly mortgage payment in Sunderland is just £408, making it a highly affordable option, with payments accounting for only 17% of the typical salary for single individuals aged 28,600. The average cost of a one or two-bedroom home in this city stands at £106,700, illustrating a significant affordability advantage over other regions. In London, Havering has been flagged as the most affordable borough for single homebuyers, although prices are considerably higher compared to Sunderland. A one or two-bedroom property in this area comes with an average price tag of £305,200, amounting to about 7.3 times the average income of £41,600 for a single individual. This stark contrast highlights the varying affordability across different regions in the UK, with London presenting more challenges for single buyers seeking to enter the housing market. Furthermore, the research also spotlighted Aberdeen in Scotland as another affordable option for single buyers, where average monthly mortgage payments are pegged at £438. These insights from Zoopla underscore the challenges faced by single people in the housing market across the UK, emphasizing the need to consider local factors when assessing homeownership opportunities for individual buyers.

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