Best Place to Buy a House in Manchester

Getting onto the holding ladder is becoming increasingly difficult for first-time buyers.

With the average house price in the UK now at £250,000, new house hunters need to be savvy when it comes to choosing an area to live.

Using their house price index, Zoopla has now revealed which of Greater Manchester'due south boroughs are the most affordable for those looking to buy their first home.

Taking into account the average business firm price, as well as the average income needed to purchase*, these are the cheapest areas where you're probable to get more bang for your buck.

READ More: How to add together more value to your home before selling it

Rochdale

Rochdale is currently at the top of the list equally the most affordable identify to buy a property in Greater Manchester.

The standard cost for a property in Rochdale currently stands at £144,551.

Although this amount is upwards 10.7 per cent from terminal yr, it is notwithstanding the cheapest average house cost across the region.

Kickoff-time buyers looking to alive in this civic would demand an average income of £24,100 to buy a dwelling house hither.

Wigan

2d on the listing of the most affordable places to buy your get-go abode is Wigan.

Up x.2pc since 2020, the average business firm price in this borough is currently £145,560.

Home owners would demand an average salary of £24,300 to exist able to purchase their first belongings in any of Wigan's towns.

Oldham

Oldham is another area of Greater Manchester that starting time-time buyers should consider choosing to alive.

As an affordable of the region, the standard price for a holding in Oldham is currently £148,953.

Prospective buyers would need an average income of £24,800 to buy their first home hither.

A general view of Bolton with Manchester in the background (Image: Getty Images)

Bolton

Earlier this year, Bolton was named as ane of the most affordable locations for offset-time buyers, not only in Greater Manchester but beyond the United kingdom of great britain and northern ireland.

The average business firm price in Bolton currently stands at £148,998, up 8.8pc from 2020.

Those looking to settle in Bolton would crave a standard income of around £24,800 to buy a holding.

Tameside

The borough of Tameside is as well considered one of the most affordable places for first time buyers in the region.

Upwardly 8pc from the previous year, the average house price stands at £163,385.

If you're looking to buy your first belongings in Tameside, you would need an average salary of around £27,200.

Salford

Salford is a contender equally i of the all-time places to buy your first home in Greater Manchester.

With the standard price of a property at £173,198, this is deemed affordable for first fourth dimension buyers.

An average income of £28,900 would be needed for those looking to buy in Salford.

Aerial view of the city centre of Manchester (Image: Getty Images)

Manchester

First-fourth dimension buyers are oft nether the assumption that backdrop close to Manchester city heart are out of reach.

Even so, due to areas like Ardwick or Longsight, the average price of a holding in Manchester is still considered affordable at £183,539.

First time buyers would demand an average bacon of around £30,600 to purchase here.

Bury

Final on the list, but nevertheless considered an affordable choice for showtime time buyers, is Coffin.

The standard price of a house in Coffin currently stands at £191,901, up eight.6pc from last yr.

Potential home owners would demand an boilerplate income of £32,000 to purchase their get-go property in this borough.

On the opposite end of the calibration, the to the lowest degree affordable areas for first time buyers are Stockport and Trafford.

With an boilerplate house price of £252,176, Stockport is considered slightly out of achieve for new dwelling house owners - with an average income of £42,000 needed to purchase a property here.

The standard price of a domicile in Trafford is a whopping £313,834 - requiring a salary of effectually £52,300 to buy in one of the region'south most expensive areas.

*Income to buy assumes a 25pc eolith and a loan to income multiplier of 4.5

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Source: https://www.manchestereveningnews.co.uk/news/property/most-affordable-areas-greater-manchester-22100382