THREE towns across the Isle of Wight have been named as some of the most affordable areas to buy property in the UK.
Newport, East Cowes and Ryde ranked in the top five cheapest places to buy property in the South East rating third, fourth and fifth retrospectively after Dover and Gosport.
The research complied by Zoopla revealed the average home in Newport costs £215,328, with the average couple's gross annual earnings at £53,482, giving an average house price-to-earnings ratio of 4.03.
Annually couples in Newport will repay £7,262 on mortgage repayments, around 18 per cent of the overall household income.
Whilst couples in East Cowes on average earn the same as those in Newport, house prices are ever so slightly higher, with the average property in the area setting buyers back £215,510.
Property owners in the area have an average house price-to-earnings ratio of 4.03 with annual mortgage repayments of £7,268, averaging 18 percent of total household income.
Ryde also placed on the list as one of the most affordable areas in the South East and the third most affordable town on the Island.
Property owners in Ryde have a combined gross household earning of £53,482 with house prices in the area averaging around £220,737.
The price-to-earnings ratio here is slightly higher than in East Cowes and Newport at 4.13 with annual mortgage repayments of £7,444 averaging around 19 per cent of total household income.
Here are three properties up for sale in these areas right now:
2 bed terraced house for sale
£195,000
Cavendish Place, Newport
This charming, terraced property has been extended to allow for greater living space, whilst retaining character in abundance throughout and finished to a high standard.
Inside the property you will find a study, lounge, dining area and a kitchen on the ground floor. Upstairs you will find two bedrooms, and a family bathroom, to the rear is a good-sized garden and parking to the front.
2 bed end terrace house for sale
£180,000
Kings Road, East Cowes
This lovely two-bedroom end of terrace family home comprises a lounge/diner, kitchen, downstairs toilet, two double bedrooms and family bathroom.
The rear garden with access via back gate consists of decked patio, shed and flower beds.
2 bed semi-detached house for sale
£170,000
Upton Road, Ryde
This character cottage style house comes with a good size rear garden, mainly lawned, complete with brick built outbuilding to the side, an ideal storage area or even an office if working from home.
Once inside you will find a good size lounge, separate dining room, both with fireplaces, a galley-style, modern kitchen and bathroom to the ground floor while upstairs offers two good size double bedrooms, one with a pleasant country view.
