Belfast-based estate agents Michael Chandler has created a new property comparison tool, which allows you to explore different areas of Northern Ireland and discover the average house prices of each. It even gives you an estimate of how much your yearly household income should be in order to afford different areas.
The tool is available online here: https://www.michael-chandler.co.uk/where-can-you-afford-to-buy-ni
It has revealed the most affordable places to live in Northern Ireland to be Dungiven, Maghera and Coalisland, which, on average, can be afforded by household incomes of £17,852, £19,050 and £19,621 respectively.
The towns topping the most expensive list were Holywood, Bangor and Hillsborough. The most expensive of these was Holywood, which requires a household income of £62,690.
Director Michael Chandler explains, “It’s difficult when you’re house hunting to get a feel for the market and what kind of property you can afford .”
Michael continued, “There are lots of great and affordable areas across Northern Ireland which our new property comparison tool helps to highlight. We hope it will be a game changer in showing buyers, and indeed sellers exactly where the market is hot or not. This will mean that buyers can extend their searches to areas that they had not considered, based on their salary and the average house price in that area .”
Michael Chandler is an award-winning estate agents, which offers customers an in-house independent mortgage service, with expert advice on choosing the right mortgage for your budget, and a range of insurances. Since launching in 2009, they have won multiple awards, including Estate Agency of the year in 2017.
The tool uses the data available on house values to produce an average property price for that region. Customers can then see a visual map of Northern Ireland, which pinpoints average house prices and calculates the average salary you would need to live there based on reasonable assumptions and personal finance best practises. Knowing the average house price and salary requirements are important benchmarks, which enable buyers and sellers to gauge affordability.
View all Michael Chandlers properties here.