(Image: Getty)
A port city in the North East has been revealed as one of the most affordable places to buy a property in the UK.
The property experts at Sell House Fast have revealed the top four most affordable places to buy a house across the UK.
The experts used the latest HM Land Registry UK House Price Index to create the list.
The city of Sunderland came in joint fourth place with Stoke-on-Trent.
You should be able to find an affordable property in Sunderland. (Image: Getty)
Property prices in Sunderland
The list was created using a house price-to-salary ratio and the percentage of monthly salary used for a mortgage.
Sunderland’s ratio came out at 5.2 with 30.20% of people’s monthly salary used for their mortgage.
The overall average price of houses in Sunderland was £182,635 over the past year, according to Rightmove.
Semi-detached properties were the majority of houses sold and cost an average of £188,752.
Terraced properties sold for an average of £146.032 and detached properties sold for the higher price of £340,530, which is still lower than the average cost of a house in the UK.
Jack Malnick, Managing Director at Sell House Fast, said: “There’s a tendency to assume that the strongest property markets are automatically the most expensive, but our findings show why that isn’t always the case.
“For buyers and landlords, strong historic growth is important, but so is the price you have to pay to enter the market.
“Homeowners also need to consider how quickly they may be able to sell and what an area offers day to day.
“That balance helps explain why so many northern locations perform strongly in the index.
“They can combine meaningful property growth with housing costs that remain more manageable relative to local earnings.”
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Sunderland has plenty of things to do if you live there, including learning more about the city’s history at the Sunderland Museum and enjoying the Winter Gardens.
The city also has two main beaches, Roker and Seaburn, that have miles of sand perfect for making sandcastles, with lifeguards on duty throughout the summer.
The city also has lots of restaurants and cafés to enjoy, from My Delhi Sunderland and Babaji to Vito’s Osteria and Brew and Bake.
Would you ever move to Sunderland? Let us know in the comments.