A million pounds isn’t what it used to be, apparently. At least not in some parts of the country.
Oxford actually topped London for the title of Least Affordable Place To Buy A Home this year but 53 pages in to a Zoopla search of the capital’s properties – and still firmly in £4.5m range – it became clear that things have got a little out of hand Down South.
It’s a different story out West, however, with Hereford cracking the Top Five for Most Affordable Places To Buy in the same survey – making for a few tea-spitting examples of what kind of home seven figures can get you in both places.
The enviable Most Affordable shortlist, compiled annually by Halifax and Lloyd’s Bank, is usually dominated by towns and cities in Northern Ireland, the post-industrial North-West and rocky outcrops in Northern Scotland.
And yet here’s leafy Hereford, poking its reasonably-priced nose in to the 5th spot.
The rankings are put together by comparing an area's average income with the average house price, revealing the most affordable place to shack up is in the UK.
Interestingly neighbouring Gloucester has been plummeting down (or up?) the affordability rankings in recent years, with its house prices jumping around 45% since 2012. It’s a sign that, with all the Cotswold-adjacent cottages quickly being bought up and turned in to cutesie AirBnBs, Hereford could soon see a similar surge in house prices.
So once you’ve scrolled through these examples of what the price of various London homes can get you in Herefordshire, you should probably pop out and put a deposit down on something.
The following listing are real and live at the time of publishing on Zoopla.co.uk.
- £700,000 in Holme Lacy
- Grade II listed building with six bedrooms, three bathrooms and four reception rooms
- Includes two three-bed cottages and adjoining stables
- £1,000,000 in Kensal Green, W9
- Fitted kitchen, parking, three bedrooms
- No stables
- £500,000 in Tarrington
- Six acres, including an orchard
- Five bedrooms, stables, listed building
- £500,000 in Winchester Avenue, NW6
- Two-bed maisonette
- Double glazing, less than an hour's walk from Hampstead Heath
- Still no stables
- £300,000 in Glasbury-on-Wye
- Contemporary conversion of a 19th-century chapel
- Four bedroom, wooden flooring, living area with full-height windows
- £300,000, Turnpike Lane, near Harringay, N15
- One bedroom flat, ample storage, wooden flooring
- Google Maps listing for 'Turnpike Lane' features a image of a police van as its main picture. Not even joking.
- £100,000 in Leominster
- Newly-refurbished two-bed flat in the heart of the historic market town
- Open plan, modern fittings in a period building
- £100,000 in Lyon Park Avenue, Wembley
- A garage
- Not even a good one