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Expensive and Affordable Areas

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Sell My House Quickly found another interesting article about Reading. Berkshire property – The most expensive and affordable areas of the county to buy a house. Buying a house in the county can be an expensive affair.

Expensive and Affordable AreasSince 2014, the Bank of England has set the maximum ratio of loans as 4.5 times income. Only 15% of all mortgages are allowed to exceed this.

Based on this level of maximum borrowing, no neighbourhoods in Berkshire are actually affordable to those living there. However, it’s important to note that the figures don’t include any deposit that a family might have saved.

Across England and Wales, the least affordable area to buy a house is in a neighbourhood in the Knightsbridge, Belgravia and Hyde Park area of Westminster, London. The average house price there, of £3.2 million, is 91.7 times the average income.

A. The most expensive neighbourhoods in Berkshire:
  • Local Authority // Neighbourhood // Average income // Average house price // Difference
  • Windsor and Maidenhead // South Ascot & Sunningdale // £46,720 // £775,000 // 16.6
  • Windsor and Maidenhead // Cookham & Waltham // £44,465 // £587,500 // 13.2
  • Windsor and Maidenhead // Windsor Town & Eton // £39,202 // £499,990 // 12.8
  • West Berkshire // Kintbury & Boxford // £46,506 // £583,000 // 12.5
  • West Berkshire // Streatley & Pangbourne // £52,842 // £645,000 // 12.2
  • Windsor and Maidenhead // Ascot & North Ascot East // £46,291 // £565,000 // 12.2
  • Bracknell Forest // Winkfield & Cranbourne// £44,143 // £537,500 // 12.2
  • Windsor and Maidenhead // Bray Wick & Holyport // £48,654 // £579,000 // 11.9
  • Windsor and Maidenhead // Maidenhead East // £51,017 // £602,500 // 11.8
  • Wokingham // Arborfield & Garrison // £43,284 // £494,950 // 11.4
B. The most affordable neighbourhoods in Berkshire:
  • Local Authority // Neighbourhood // Average income // Average house price // Difference
  • Wokingham // Lower Earley South // £57,783 // £305,000 // 5.3
  • Reading // Southampton Street & Redlands Road // £50,802 // £275,000 // 5.4
  • Reading // Battle & Caversham Bridge // £48,654 // £270,000 // 5.5
  • Reading // Wokingham Road // £48,009 // £280,000 // 5.8
  • Reading // Coley Park // £40,276 // £235,000 // 5.8
  • Reading // Palmer Park // £45,109 // £265,000 // 5.9
  • Reading // Reading Central // £49,943 // £295,000 // 5.9
  • West Berkshire // Thatcham North East // £54,024 // £320,000 // 5.9
  • West Berkshire // Calcot South // £46,291 // £285,000 // 6.2
  • Bracknell Forest // Central Bracknell & Wildridings // £41,780 // £259,000 // 6.2

We found this article about Berkshire property – The most expensive and affordable areas of the county to buy a house on Berkshire Live.  Kindly click the link to read the full story.

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