Zoopla has identified the most affordable property hotspots for single buyers across the UK, with Aberdeen topping the list. The property website noted that lower mortgage rates over the past year have made home ownership more achievable for individuals, who currently account for around 40% of first-time buyer purchases.
Aberdeen was named the most affordable city for singles, where the average one or two-bedroom home costs £114,700 — approximately 3.7 times the average annual wage. Northern cities dominated the top ten, with Sunderland and Hull taking second and third places. In Sunderland, homes average £106,700, with monthly mortgage repayments of £408, while in Hull, a typical property costs £115,300, requiring a deposit of £23,100.
However, affordability varies within the North. In York, the average one or two-bed home costs £256,100, with mortgage repayments of £978 per month — accounting for 34% of average monthly income. Stockport also proved less affordable, with an average property price of £225,100 and monthly repayments of £860.
In the South, Milton Keynes was the least expensive city for singles, with an average house price of £230,400 and monthly mortgage repayments of £880, against an average annual income of £36,900. Conversely, Brighton was the least affordable city outside London, with average mortgage repayments of £1,238 per month on a typical home costing £324,100.
Beyond cities, Stevenson in Scotland emerged as the cheapest area overall, with an average one or two-bed home costing £70,650 — less than double the average salary of £35,473. Monthly mortgage payments there are just £270, or 9% of gross monthly income. Shildon in County Durham also offers low costs, with an average house price of £64,200 and monthly repayments of £245.
Richard Donnell, executive director at Zoopla, said: “Buying a home can feel out of reach for many singles who have to rely on just one income. Rising incomes and lower mortgage rates mean that owning a home by yourself is increasingly possible. It’s important to do your research and consider alternative locations.”
