The most affordable British towns to buy a home REVEALED: Does yours make the list?
The most affordable British towns to buy a home REVEALED: Does yours make the list?
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Cumnock in Scotland is officially the most affordable town in Britain to buy a house, according to Zoopla.
The typical home in the East Ayrshire town costs £79,030, according to the property website, almost £200,000 less than the average UK home.
But in Cumnock, the amount required to buy the average home falls to just 1.04 times the combined local salary.
Marion Wyllie, an estate agent for DW Shaw in Cumnock, says that the town has a lot to offer.
‘Cumnock is located within the heart of rural Ayrshire and offers a range of amenities,’ says Wyllie. ‘This includes independent family-run shops, a leisure center with swimming pool, supermarkets and a modern community hospital.
‘There is a nearby railway station at Auchinleck, while the market town of Ayr lies approximately 16 miles away and offers a wider range of amenities including excellent shopping, transport, and recreational facilities.’
Zoopla looked at the most common property type in every UK town and then compared the typical property value with the average salary for each local area to establish a house price to earnings ratio.
It was found that eight of the 10 most affordable towns in Britain were located in Scotland, with house price to earnings ratios ranging between 1.04 and 1.31 times the annual income of two earners.
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