London: Price/Earnings Data Visualised

How much do buyers need to earn to buy a flat in London? Which areas are the most and least affordable? ...check out this graphic to see the answers plotted by tube station.

16, OCT 2018
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For many young buyers getting on the property ladder in the capital can feel like chasing a pipe dream. But it’s not impossible, according to TotallyMoney, which has mapped how much Londoners need to earn to afford a one-bedroom property near each tube stop across London. The calculations assume the buyer has got a 10 percent deposit handy. Seeing this data mapped visually is surprisingly useful for non-first timers as well; investors, families, upsizers and downsizers can quickly get a sense of what their £ will buy them in each of these London neighbourhoods, which could narrow the search area and save time in those early stages of a property search.

The most expensive stations are Mansion House, Hyde Park Corner and Knightsbridge – all 3 of these neighbourhoods would technically be too pricey even for the Prime Minister (who earns just over £150,000 here in the UK). To buy in these high end neighbourhoods would require a much larger deposit, often in the region of 20 to 40%. This graphic helps us see why some parts of London are more densely populated with students, some with families, and some with the well-heeled!

To see and download the full high res version of this graphic head over to TimeOut by clicking this link.
The map reveals wide variance in affordability, or value-for-money. It also helps us to quickly identify the pockets of neighbourhoods that buyers find most desirable...
The Author
I'm Jemimah

I'm an independant Property Advisor & Buyer, working with residential home buyers, and investors. Find out more about my work or contact me.

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