EVER wondered how much you would need to earn per hour to buy a house in the most expensive part of Bolton — or the cheapest?
Now a handy online tool, created by Web-Blinds.com, reveals how much you need in your pay packet to make your house-buying dreams a reality.
It shows how much you would need to earn per hour to buy a property there.
It is based on a single person working a 37.5 hour week and mortgage repayments being 35% of the income.
The most affordable part of Bolton is the postcode BL4, including the areas Farnworth and Kearsley.
BL4, including the areas Farnworth and Kearsley PIC: Google Maps
On average, you would have to earn £7.12 an hour, which equates to £267 a week or £13,884 a year.
In BL3, home to Great Lever and Little Lever, the average hourly rate to buy a house is said to be £8.10 — £303.75 a week or £15,795 a year.
BL3, home to Great Lever and Little Lever
Moving up the property ladder and the hourly figure stands at £9.71 for BL2, which takes in Breightmet and Ainsworth. That's around £364.13 a week or £18,934.50 a year.
BL2, which takes in areas including Breightmet
Over in BL5 — Westhoughton and Over Hulton — and you would have to earn an average of £10.48 an hour to buy a house in this postcode.
BL5 — areas including Westhoughton and Over Hulton
That's around £393.00 a week or even £20,436.00 a year.
You would need to earn a few more pence per hour — £10.74 — to buy a house in BL1, where the town centre is situated.
BL1, where Bolton town centre is situated
That adds up to around £402.75 a week or £20,943.00 a year.
BL6, home to Horwich and Blackrod, would set you back £12.85 an hour — £481.88 a week or £25,057.50 a year.
BL6, home to areas including Horwich and Blackrod
The most desirable postcode in Bolton, in terms of hourly earnings needed to buy a house there, is BL7.
BL7 postcode area
To buy a house in Edgworth or Egerton, on average, you would have to earn £16.60 an hour.
That's around £622.50 a week or £32,370.00 a year.
Explore the interactive map here
How much you need to earn per hour to live in Bury's cheapest and most expensive postcodes
The online tool also reveals the 10 most affordable locations out of 600 across the country — Ferndale, in the Rhondda Valley, is number one at £4.07 per hour.
The least affordable is Virginia Water in Surrey where you would need to earn a cool £84.84 per hour.
What do you think of the hourly salaries needed to buy a house in Bolton? Let us know in the comments below.
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