Gavin and Stacey’s Welsh home tops affordability table

Gavin And Stacey’s Welsh Home Tops Affordability Table - Surveyors UK
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Research mortgage adviser, Alexander Hall has revealed that when it comes to the mortgage affordability of our favourite Christmas TV homes, Gavin and Stacey tops the table, with the average monthly mortgage repayment coming in some £21,000 cheaper compared to Kevin McCallister’s Chicago home from Home Alone.

Alexander Hall looked at 10 famous Christmas TV properties, their current market value and the monthly mortgage repayment* required after placing a 15% deposit.

The research shows that Gavin and Stacey’s inspired property purchase is the most affordable of all Christmas TV properties.

The average value of a terraced home in Barry, South Wales, currently stands at £224,612. This means that the average buyer would require a mortgage loan to the tune of £190,920 having placed a 15% deposit, which would see them pay an average of £1,011 per month when repaying their mortgage.

Whilst a flat in Peckham, home to Del Boy and Rodney Trotter, will cost you considerably more at £439,722, it still ranks as the second most affordable Christmas TV home analysed by Alexander Hall, with the average monthly mortgage payment coming in at £1,979 per month.

Whilst it’s unlikely that Harry Potter has any desire to return to the Dursley family home, it does rank as the third most affordable, with a semi-detached home in Bracknell requiring an average monthly mortgage payment of £2,025.

At the other end of the table, the cost of a mortgage to secure Kevin McCallister’s spacious Chicago home from Home Alone will set you back a great deal more per month.

The detached home in the Chicago suburb of Winnetka is estimated to be worth £4.116m in the current market, which means the average homebuyer would be looking at a monthly mortgage payment of £22,460 after placing a 15% deposit of £617,511.

Not far behind is the Holland Park Avenue townhouse of Edina Monsoon from Absolutely Fabulous, valued at £4.6m in the current market. Whilst the property itself is more expensive than the McCallister household, the UK is benefiting from more favourable mortgage rates versus the US market, although the average monthly mortgage repayment would still top almost £21,000 per month.

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Author: Mortgage Finance Gazette

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