If you’re thinking about buying a property in Stratford-upon-Avon, one of the first questions most buyers ask is:
“How much do I actually need to earn to afford a home here?”
Let’s break it down in a simple, realistic way — using current local house prices and mortgage affordability based on 4.5× to 5.5× income.
What’s the Average House Price in Stratford-upon-Avon?
Based on recent sold-price data, the average house price in Stratford-upon-Avon is currently around £415,000.
For this example, we’ll assume a 10% deposit, which would be £41,500. That means the required mortgage borrowing would be:
£415,000 – £41,500 = £373,500
How Do Mortgage Lenders Work Out What You Can Borrow?
Most UK mortgage lenders calculate borrowing based on a multiple of your income, alongside affordability checks.
As a general guide:
– 4.5× income – a more conservative and commonly available lending level
– Up to 5.5× income – available in some cases, typically for applicants with strong financial profiles
Income Needed to Borrow £373,500
Important assumption:
The following examples are based on a simplified scenario and assume no dependants, no outstanding debts, and no credit commitments (such as loans, car finance or credit cards).
Single Buyer (Sole Income)
At 4.5× income:
£373,500 ÷ 4.5 ≈ £83,000 per year
At 5.5× income:
£373,500 ÷ 5.5 ≈ £67,900 per year
Joint Buyers (Combined Income)
Two buyers earning £34,000 each = £68,000 combined → around 5.5× income
Two buyers earning £41,500 each = £83,000 combined → around 4.5× income
What About the Deposit?
In this example we’ve assumed a 10% deposit of £41,500. A larger deposit could reduce the income required and improve mortgage options.
If you want to know how much you could afford then we can help book your mortgage discovery call here.
Important Information
This blog is for general information purposes only and should not be considered personal financial advice.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.