Revealed: The most (and least) affordable places to buy a house in Norfolk and north Suffolk

Adam Gedge and his wife Aimee are saving for a deposit for their first home while renting in north N

Adam Gedge and his wife Aimee are saving for a deposit for their first home while renting in north Norwich. - Credit: Archant

The increasing gap in the house price to earnings ratio means the average home-buyer would now need to spend almost 10 times their salary to get on the ladder in parts of Norfolk and Suffolk.

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According to the latest figures from the National Housing Federation, the average home in Norfolk and Suffolk cost £211,731 in 2014, 9.25 times the typical local salary of the same year, which was £22,296.

Those living in north Norfolk will struggle the most – with buyers earning the median salary of £20,748 having to spend 10.9 times their wages to buy a £225,272 home, the average price for the district.

In contrast, the ratio is most favourable in Ipswich, where buyers earning the median salary – £22,178 – will have to spend 7.7 times that to buy an averagely priced £169,890 home.

Like thousands of others around the region, Adam Gedge and his wife Aimee are trying to save for their first home.


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The couple, who rent a terraced home in north Norwich, started saving a few years ago but are struggling to get their foot on the ladder.

Mr Gedge, 29, said: 'For us the difficulty is definitely the deposit.

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'It's the saving and waiting and asking whether we can actually afford in the city.

'We seem to save enough and then something comes along like a car needs to be repaired and we're knocked back again.

'We have enough money to live and have a good quality of life, so we are lucky, but getting the deposit together is hard.'

He said the rate of house price increase was a worry for first-time buyers today.

'It makes you ask how people are doing it - a first home for someone years ago could have been about £40,000 and now you're talking £140,000. It's insane.'

While the couple had been advised not to opt for a shared ownership scheme, he said they have taken out the government's Help to Buy ISAs to help their final push to gather a deposit.

Find out here how much homes are selling for in your part of Norfolk

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