Where are the most affordable places to live in England? 14 Apr 2022
Most affordable places to live in 2022
Zoopla has just released their annual report on the most affordable places to live in England and we’re thrilled to see that two Copeland towns make the list for the second year running.
They look at the average earnings of local buyers and house prices in the area and have found that Cleator Moor is the second most affordable town to live in in the UK in 2022, with Egremont coming in at 7th place.
Cheapest areas to live in Cumbria
Cleator Moor and Egremont
On average, couples can expect to shell out four times their annual combined salaries when purchasing the average house in the UK, totalling £263,000
With the typical home in Cleator Moor coming in at £105,000 and £120,900 in Egremont, couples working and buying the in the area can expect to pay 1.23 and 1.41 times their combined annual salary – a staggering difference from the national average which firmly seals both local towns spot in the top ten most affordable places to live in the UK this year. Beating Cleator Moor to the top spot is Shildon, County Durham with an average property value of £71,000.
Buying in West Cumbria in 2022
The appeal to live in rural towns like Cleator Moor and Egremont has grown over the past year, as an influx of hybrid workers seek out countryside properties following the move away from office-based working as a result of the pandemic. After all, we have an abundance of beautiful landscapes and scenery at our disposal which is proven to equate to happier living.
Buyers are also seeking out larger properties with more living space, a further knock-on effect of the time spent at home throughout 2020-2021. But be buyers must be quick, buyer demand is still hugely outweighing supply – although these levels are thought to return to normal in the coming future.
Read the full Zoopla report HERE.