Sunday, June 4, 2023

Commuters: Grays one of the cheapest places to live outside London

AS the capital of England, London is naturally amongst the most expensive places to live in the UK.

Housing, food and the average pint will come at a marked up price, which ultimately may deter people from planting their roots there.

COVID-19 has likely added to the appeal of cities outside – but still close – to the capital.

The way to calculate the best possible commuter town is by combining a variety of financial variables.

These include the cost of factors such as rent, mortgages or the ever-important season ticket.

A report by property site Zoopla earlier this year did just that, while also factoring in travel time.

They discovered a total of 10 areas which would give city workers a good bang for their buck.

The cheapest areas to live outside of London are the following:

Grays

Average annual mortgage: £12,492

Season ticket cost: £2,516

Combined cost: £15,008

Travel time: 39 mins

Leagrave

Average annual mortgage: £10,971

Season ticket cost: £4,428

Combined cost: £15,399

Travel time: 55 mins

Crayford

Average annual mortgage: £13,523

Season ticket: £2,140

Combined cost: £15,663

Travel time: 41 mins

Basildon

Average mortgage cost: £12,786

Season ticket cost: £3,020

Combined cost: £15,806

Travel time: 37 mins

Harlow

Average mortgage cost: £12,415

Season ticket cost: £3,544

Combined cost: £15,959

Travel time: 41 mins

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