REVEALED: These are the most affordable parts of Britain to live in | Property | Life & Style

Figures show salaries in the northern city have grown 7.81 per cent faster than house prices over the last year, making it the easiest place in the UK to get on the property ladder.

Bucking the stereotypical north-south divide when it comes to house prices, Chelmsford is the second most affordable place to live, with wages increasing 7.68 per cent faster than the cost of the average home (£385,677).

In contrast Luton is the least affordable for house hunters, where the rise in the price of the average home (£259,715) has outstripped local salaries (£32,067) by eight per cent.

The study carried out by property website Zoopla and job search engine Adzuna shows salaries in London commuter towns are struggling to keep up with house prices the most. 

Stevenage in Hertfordshire and High Wycombe in Buckinghamshire were revealed as the second and third least affordable places, with property value growing 6.41 per cent and 5.43 per cent faster than earnings respectively.

Unsurprisnigly the capital itself has the worst house price to salary ratio, with the average home (£766,350) costing nearly 20 times what most people earn in a year (£39,232). 

The disparity between wages and house prices in Guildford and Winchester is also very high, with homes costing 18.39 per cent and 17.78 per cent more than the average annual salary.

On the other end of the scale the northern cities of Newcastle, Bradford, and Hull boasted the best figures for potential homeowners, with house prices across all three cities less than five times the average wage.

Beyond the English border salaries seem to be growing faster than property value, with figures revealing Aberdeen is the fourth, and Swansea and Cardiff the seventh and eighth most affordable places in Britain.

Commenting on the data, which analysed figures from 55 UK towns and cities, Zoopla spokesman Lawrence Hall said:

“Getting on the property ladder can be tough, especially if you’re looking to buy in an area where property prices are…

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