Skip to main content Menu Skip to footer

Attractive affordability and attractive dating prospects….Zoopla reveals the best places for singletons to buy a home

14th February 2020

 
  • Liverpool named best city for single homebuyers while Aberdeen, Cardiff and Nottingham also score highly

  • In London, Richmond upon Thames, Islington and Bromley are the best places for those buying alone

 

Zoopla, the UK’s most comprehensive property destination, can reveal Liverpool is the best location for single homehunters to buy their first property - and even potentially find a partner. The in-depth analysis ranked locations using a number of metrics including; mortgage affordability, the percentage of single-person households and number of possible date locations.


Buyers in the top spot of Liverpool need on average £341 for a mortgage for an average one-bed home (£94,000) - equating to 10.2% of the average salary in the city (£2,664 per month). For those looking to meet a partner in the birthplace of the Beatles, 18% of those aged 24 to 49 in the city live on their own, suggesting a vibrant local dating scene. Picking a place for a date also shouldn’t be a problem as Liverpool has three ‘entertainment and social businesses’ per 1,000 people there including restaurants, bars and pubs.


Moving north of the border, Aberdeen is revealed as Britain's second best place for those looking to buy alone, where approximately 20% of the population are living in one-person households. Here single buyers need to set aside 20% (£526) of their monthly wage to service a mortgage on a one bed home that has an average value of £73,000. The capital cities of Edinburgh (£526 monthly mortgage) and Cardiff (£363 per month) take third and fourth place respectively, while fun-loving Newcastle upon Tyne (£392 per month) places fifth. 


Looking at the best places for single people to buy in each region, Bristol, where an average mortgage will cost £689 per month, is revealed as the best for those buying alone in the South West. Singletons in the East Midlands should consider buying in Nottingham where the average one bed home costs £100,000. Elsewhere, in Yorkshire and Humber, Sheffield is ranked as the best location for single people.


Taking a look within London, the Borough of Richmond upon Thames is crowned the number one spot for singletons who want to buy in the capital. However, the average price of a one-bedroom property is £364,000, requiring 37% of the average salary there (£1,321 per month). In second place is the Borough of Islington where the fantastic selection of bars and restaurants mean there are seven and a half potential date venues per 1,000 people. While the average one-bedroom property price rises to £450,000, equating to monthly mortgage costs of £1,633 - just under half of the average salary for the area. In third place is Bromley in South London, which has the most attractive affordability from the city’s top five locations. Here the average mortgage of a one-bed equates to 29% of a person’s salary.


Richard Houston, Zoopla consumer spokesperson, comments: “We know the worth of purchasing your first home and for many people it’ll be their biggest financial commitment. Those looking to purchase a home on their own will likely feel the pressure all the more, or worse, still feel that buying alone is out of reach. Our analysis reveals that it is still possible for someone to afford a property on your own. You might however need to look at slightly more affordable areas or even other cities.


“Affordability is always going to be important but we understand owning your own home can change many aspects of how you live. This includes where you eat, drink and even who you date.”


To help more people get on the ladder Zoopla has introduced the Zooploma; a series of guides and information designed to help first-time buyers navigate the complexities of getting on the property ladder in 2020. First-time buyers can learn about the Zooploma and sign up for free here:

http://www.karimasu.com/worth/first-time-buyers


Top 10 best cities for single first-time buyers

Rank

City

Avg asking price 1 bed 

Monthly mortgage repayment

Average monthly earnings (Gross)

Mortgage repayment % of earnings

% of 24-49 living in one-person household

Restaurants, pubs, clubs, per 1,000 people

1

Liverpool

£94,000

£341

£2,412

14.1%

18.3%

3.0

2

Aberdeen

£73,000

£265

£2,597

10.2%

20.0%

2.6

3

Edinburgh

£145,000

£526

£2,673

19.7%

20.0%

3.9

4

Cardiff

£100,000

£363

£2,525

14.4%

13.5%

3.0

5

Newcastle upon Tyne

£108,000

£392

£2,440

16.1%

12.1%

3.7

6

Hull

£80,000

£290

£2,076

14.0%

15.7%

2.7

7

Sheffield

£75,000

£272

£2,348

11.6%

11.8%

2.6

8

Swansea

£100,000

£363

£2,445

14.8%

13.3%

2.4

9

Leeds

£120,000

£435

£2,409

18.1%

13.6%

2.7

10

Norwich

£149,000

£541

£2,186

24.7%

16.4%

3.5


Best cities for single first-time buyers by region

Region 

Best location

Avg asking price 1 bed 

Monthly mortgage repayment

Average monthly earnings (Gross)

Mortgage repayment % of earnings

% of 24-49 living in one-person household

Restaurants, pubs, clubs, per 1,000 people

South West

Bristol

£190,000

£689

£2,574

26.8%

13.4%

3.5

North East

Newcastle upon Tyne

£108,000

£392

£2,440

16.1%

12.1%

3.7

Yorkshire and the Humber

Sheffield

£75,000

£272

£2,348

11.6%

11.8%

2.6

Scotland

Aberdeen

£73,000

£265

£2,597

10.2%

20.0%

2.6

Wales

Cardiff

£100,000

£363

£2,525

14.4%

13.5%

3.0

East of England

Norwich

£149,000

£541

£2,186

24.7%

16.4%

3.5

South East

Portsmouth

£130,000

£472

£2,412

19.6%

11.3%

3.3

East Midlands

Nottingham

£100,000

£363

£2,080

17.4%

15.0%

2.4

North West

Liverpool

£94,000

£341

£2,412

14.1%

18.3%

3.0

London

Richmond upon Thames

£309,400

£1,321

£3,554

37.2%

12.4%

5.1

West Midlands

Coventry

£105,000

£381

£1,651

16.2%

11.4%

1.6


Top five London Boroughs for single first-time buyers

Rank

City

Avg asking price 1 bed 

Monthly mortgage repayment

Average monthly earnings (Gross)

Mortgage repayment % of earnings

% of 24-49 living in one-person household

Restaurants, pubs, clubs, per 1,000 people

1

Richmond upon Thames

£364,000

£1,321

£3,554

37.2%

12.4%

5.1

2

Islington

£450,000

£1,633

£3,470

47.0%

17.6%

7.5

3

Bromley

£275,000

£998

£3,426

29.1%

12.6%

2.7

4

Lambeth

£350,000

£1,270

£3,091

41.1%

15.4%

4.6

5

Lewisham

£313,000

£1,136

£2,837

40.0%

15.4%

3.3

 

- Ends -

For further information, please contact PR Team on pr@zoopla.co.uk or +44 (0)20 3873 8770.

Zoopla analysed at the cost of servicing the mortgage of one bedroom apartments listed on Zoopla over the last six months until January 2020 (Assuming LTV of 85%, mortgage term of 25 years and interest rate of 2%). Zoopla then compared it to the average gross earnings in the area (ASHE, 2019) to find out the mortgage repayment percentage of gross earnings value; an indicator of affordability. 

Zoopla then ranked locations with the percentage of one-person households (ONS & Scotland census data) and hospitality and entertainment businesses numbers (ONS).

About Zoopla

Hello. We're Zoopla. A property website and app.

We know you're not just looking for a place to live. You're looking for a home.

Yeah, we've got over a million properties for you to browse.

Tools that let you filter them in all kinds of clever ways.

And reliable house price estimates, so you can be sure you aren't paying over the odds.

But we know you're looking for more than that.

Because that first flat won't just be a 'great investment opportunity'.

It'll be the feeling of starting out on your own.

That extra bedroom won't just mean another £20K on the re-sale price, it'll mean having your sister over to stay.

And that bungalow won't just be a way to release some equity, it will be a chance to spend more time with the grandkids.

We know that searching for a home is about more than just checking its price, location and features (important as all those things are).

What really matters is how it makes you feel.

We know what a home is really worth.

So let us help you find yours.

Zoopla is part of Zoopla Limited which was founded in 2007.

Zoopla Limited, The Cooperage, 5 Copper Row, London, SE1 2LH
Registered in England and Wales with Company No. 09005884
VAT Registration number: 191 2231 33
Data Protection number: Z9972266

Back to Press releases


免费可以看黄的视频-黄片视频-A片视频网站