Bristol news The salary you need to buy a first home in every Bristol postcode MetiNews.Com

MetiNews.Com - How much you earn is a key factor in what type of home you can afford to buy - and where

Bristol news The salary you need to buy a first home in every Bristol postcode MetiNews.Com

MetiNews.Com - How much you earn is a key factor in what type of home you can afford to buy - and where

Bristol news  The salary you need to buy a first home in every Bristol postcode MetiNews.Com
02 August 2020 - 06:08

Breaking News ! This year, we have all been stuck inside the same four walls for months so it is only natural that people started to get itchy feet and began thinking about finding a new place to call home. For some Bristolians that will mean buying their first home. A burgeoning property hotspot, average house prices in Bristol have increased by £117,200 over the last ten years according to the council, an increase of 70 per cent. Earnings in Bristol are similar to the national average (in 2019 average earnings were £30,400 a year in the city) but house prices in Bristol are significantly higher, resulting in affordability issues. In 2019 Bristol had a ‘housing affordability ratio’ of 8.89, which means that the average house price is almost 9 times higher than average earnings. Read More Related Articles Where is 'Brandon' and is it really a suburb of Bristol Read More Related Articles The south Bristol Airbnb offering getaway in straw home with 'zen garden' Keeping that in mind, here are the average property prices by postcode in Bristol according to rightmove and the income you would need to get a mortgage 4.5 times your household income ( the maximum you would normally be offered): BS1 Bristol City Centre Average price: £357,800 Household income you'll need to buy: £80,000 The majority of sales in BS1 during the last year were flats, selling for an average price of £348,344. BS2 Kingsdown, Stokes Croft, St Paul's Average price: £276,157 Household income you'll need to buy: £61,000 The majority of sales in BS2 during the last year were flats, selling for an average price of £225,309. BS3 Southville, Ashton, Bedminster, Victoria Park and Totterdown North Street in Bedminster (Image: James Beck/Freelance) Average price: £322,067 Household income you will need to buy: £71,570 The majority of sales in BS3 during the last year were terraced properties, selling for an average price of £355,046. BS4 The other side of the river from Temple Meads, BS4 includes Brislington, Knowle, Totterdown, St Anne's and Broomhill Average price: £267,913 Household income you will need to buy: £59,536 The majority of sales in BS4 during the last year were terraced properties, selling for an average price of £293,508. Read More Related Articles The £3m farmhouse with its own woodland and tennis courts Read More Related Articles These stunning villas show how far your Bristol property budget would go in Alicante BS5 Easton, St George, Whitehall, Speedwell, Greenbank, Redfield and Barton Hill Average price: £250,041 Household income you will need to buy: £55,564 The majority of sales in BS5 during the last year were terraced properties, selling for an average price of £271,258.

. BS7 Bishopston, Ashley Down, Horfield, Filton and Lockleaze Average price: £370,752 Household income you will need to buy: £82,389 The majority of sales in BS7 during the last year were terraced properties, selling for an average price of £412,916. BS8 Clifton, Hotwells, Leigh Woods and the village of Failand Average price: £537,789 Household income you will need to buy: £119,508 The majority of sales in BS8 during the last year were flats, selling for an average price of £404,745. Want Bristol news straight to your inbox? Sign up to our daily newsletter using the box at the top of this article, read all about what's involved here, or click here to see all of our newsletters BS9 Coombe Dingle, Sneyd Park, Stoke Bishop, Westbury-on-Trym and Henleaze The Avenue in Sneyd Park has been named the most expensive street in Bristol (Image: James Beck/Freelance) Average price: £556,637 Household income you will need to buy: £123,697 The majority of sales in BS9 during the last year were semi-detached properties, selling for an average price of £551,173. BS10 Westbury on Trym, Henbury, Brentry and Southmead Average price: £274,197 Household income you will need to buy: £60,932 The majority of sales in BS10 during the last year were semi-detached properties, selling for an average price of £297,015. BS11 Lawrence Weston, Shirehampton and Avonmouth Average price: £219,154 Household income you will need to buy: £48,700 The majority of sales in BS11 during the last year were semi-detached properties, selling for an average price of £237,514. Read More Related Articles Landlady sent 'harassing emails' and left tenants 'in tears' after serving invalid notice Read More Related Articles The least and most expensive towns near Bristol to live in BS13 Bedminster Down, Headley Park, Bishopsworth, Withywood and Hartcliffe Average price: £238,872 Household income you will need to buy: £53,082 The majority of sales in BS13 during the last year were terraced properties, selling for an average price of £217,746. BS14 Hengrove, Stockwood and Whitchurch Average price: £267,554 Household income you will need to buy: £59,456 The majority of sales in BS14 during the last year were semi-detached properties, selling for an average price of £275,741. Today's top stories Bristol's noisiest streets Four people arrested Restaurants offering 50% off New Aldi opening BS15 Going into South Gloucestershire, Hanham and Kingswood Average price: £253,546 Household income you will need to buy: £56,343 The majority of sales in BS15 during the last year were terraced properties, selling for an average price of £237,073. BS16 Fishponds, Frenchay, Downend and Emersons Green Average price: £303,124 Household income you will need to buy: £67,360 The majority of sales in BS16 during the last year were terraced properties, selling for an average price of £273,690. Read More Related Articles The Asda, Tesco, Sainsbury's and other supermarket jobs being advertised in Bristol Read More Related Articles Revealed: Bristol's noisiest streets where neighbours are keeping people up BS32 Almondsbury and Bradley Stoke Average price: £299,550 Household income you will need to buy: £66,566 The majority of sales in BS32 during the last year were detached properties, selling for an average price of £406,301. BS34 Mainly in South Gloucestershire include parts of Filton, Little Stoke, Patchway and Stoke Gifford Average price: £263,710 Household income you will need to buy: £58,602 The majority of sales in BS34 during the last year were semi-detached properties, selling for an average price of £279,588.

Source = MetiNews.Com

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Bristol news The salary you need to buy a first home in every Bristol postcode MetiNews.Com


Bristol news The salary you need to buy a first home in every Bristol postcode MetiNews.Com


Bristol news The salary you need to buy a first home in every Bristol postcode MetiNews.Com


Bristol news The salary you need to buy a first home in every Bristol postcode MetiNews.Com

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