What You Need to Earn to Buy in M18

The median home in M18 sold for £164,250. To buy at that price you'd typically need a household income of about £31,000 — based on a 15% deposit and a 4.5× income multiple. Prices are not enough recent sales to show a trend.

Deposit needed to buy in M18

Deposit %	Deposit £	Mortgage needed
5%	£8,213	£156,037
10%	£16,425	£147,825
15%	£24,638	£139,612
25%	£41,063	£123,187

A typical mortgage on the £164,250 median (85% LTV, 4.5% over 25 years) costs around £776/month. Based on 296 Land Registry sales.

Common questions about buying in M18

What salary do you need to buy a house in M18?

The median home in M18 sold for £164,250. With a 15% deposit and a typical 4.5× income multiple, you'd need a household income of about £31,000 to buy at that price. Higher-multiple lenders can reduce the income required — check your own figure with the affordability calculator.

How much is a typical mortgage payment in M18?

Borrowing £139,613 (85% of the £164,250 median) at 4.5% over 25 years works out at roughly £776 a month on a repayment basis.

How much deposit do you need to buy in M18?

On the £164,250 median price, a 5% deposit is £8,213 and a 10% deposit is £16,425. A larger deposit usually unlocks lower rates.

Are house prices in M18 rising or falling?

Based on the latest Land Registry sold prices, prices in M18 are not enough recent sales to show a trend, across 296 recorded sales.

Can you afford to buy in M18?

Check exactly how much 60+ UK lenders would lend you — with your income. No credit search.

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