Have you ever wondered how much you’d need to earn to buy a flat in London?
Then fear not – Totally Money has redrawn London’s Tube map to help you on your way – or entirely crush your home owning dreams, more likely.
Read more: Millennial home ownership slides as affordability crisis worsens
Even if prices in the capital are waning, they’re still far more than the average first-time buyer can afford.
Assuming a 10 per cent deposit, a 25-year mortgage, and 40 per cent of earnings going on repayments each month, the credit comparison firm has listed how much it would cost to live in a one-bedroom flat within 1km of each Tube stop.
A flat in Covent Garden would require a £140,800 salary, while prestigious Knightsbridge tops the list with a £248,600 salary requirement, followed closely by Hyde Park Corner at £230,000.
Down the other end of the scale, you’d only need a wage of £17,400 to afford a room of your own in Newbury Park, or £27,300 to live in green, suburban Wanstead.
Here are the 10 most expensive places in London to live.
Hyde Park Corner
And here are the 10 cheapest.
But take a look at the map below (or via this link) and discover how much you need to earn in any area of London to afford your own one bed flat.