Whether you are a first time buyer or looking to move up the property ladder, the housing market can be a turbulent place.
House price growth slowed this month to 2.1%, from 2.9% in July according to Nationwide, Britain's biggest building society. Property values also fell for the first time since May. Average house prices across the UK are now £210,495.
What about Thurrock? Well it differs in all postcodes, but here is the breakdown:
Current average house values according to (Zoopla Zed-Index)
So how much money would you need to earn per hour to buy a house in Thurrock?
Want to buy a house in Tilbury RM18 postcode, according to a recent study by web-blinds.co.uk, you would need to earn £16.26 per hour. Or £609.75 per week and £31,707.00 per annum, probably a sum out of reach for most first time buyers.
If that is the case then might be best to stay clear of Chafford Hundred RM16 postcode as you would need £21.39 per hour, £802.31 per week and £41,710.50 per annum.
The cheapest in Thurrock is the Purfleet RM19 postcode where you would only need to earn £14.23 per hour, £533.63 per week or £27,748.50.
Here is the full breakdown by postcode:
RM15 - South Ockendon, Aveley, hourly wage £19.27, weekly wage £722.63, yearly salary £37,576.50
RM16 - Chafford Hundred, Chadwell St Mary, North Stifford, Orsett, hourly wage £21.39, weekly wage £802.13, yearly salary £41,710.50
RM17 - Grays, Badgers Dene, hourly wage £17.35, weekly wage £650.63, yearly salary £33,832.50
RM18 - Tilbury, East Tilbury, West Tilbury, hourly wage £16.26, weekly wage £609.75, yearly salary £31,707.00
RM19 - Purfleet, hourly wage £14.23, weekly wage £533.63, yearly salary£27,748.50
RM20 - West Thurrock, South Stifford, hourly wage £14.93, weekly wage £559.88, yearly salary £29,113.50
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