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LISTEN: Durham 4th Best Place To Live

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Durham is the 4th best place to live, beating London and Newcastle.

The best places to live as a graduate has been revealed.

It shows that Durham is the 4th best place to settle down after university.

That is according to a property marketplace website.

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They hae found it is because of the affordable housing and cheap travel costs in the city.

Nick Marr, the co-founder of TheHouseShop tells us more:

He tells us why graduates:

And what factors they have looked at:

And why they have done this report:

He has this message:

Location

Average Grad Salary

Average Rent for a 2 Bed Property

Monthly Cost per Tenant

Average 2 Bed House Price

Annual Income After Tax

Price of a Pint

Leeds

£25,000

£715

£357.50

£140,725

£19,594.72

£3.20

Liverpool

£23,000

£589

£294.50

£123,597

£18,414.72

£2.75

Exeter

£25,000

£822

£411

£224,948

£19,594.72

£3.10

Durham

£24,669

£670

£355

£153,091

£19,399.43

£2.10

London

£29,000

£2,585

£1,292.50

£802,533

£21,954.72

£3.47

Birmingham

£25,000

£809

£404.50

£161,871

£19,594.72

£3.40

Newcastle

£24,000

£649

£324.50

£116,784

£19,004.72

£2.87

Gloucester

£25,000

£624

£321

£154,272

£19,594.72

£3.10

Manchester

£25,000

£892

£446

£171,787

£19,594.72

£3.55

Glasgow

£25,000

£685

£342.50

£118,474

£19,226.62

£3.90

Bristol

£25,000

£1,033

£516.50

£300,691

£19,594.72

£2.50

Nottingham

£25,000

£787

£393.50

£144,074

£19,594.72

£3.63

Cardiff

£23,000

£785

£392.50

£174,081

£18,414.72

£3.90

Edinburgh

£25,000

£1,276

£638

£226,009

£19,226.62

£2.72

Belfast

£17,000

£582

£291

£104,022

£14,506.62

£3.30

Key Stats for Durham:

  • 3rd place for average four bed rental price £1,122 pcm (£280.50 per tenant)
  • 4th place for average two bed rental price £670 pcm (£355 per tenant)
  • 5th place cost of weekly travel card £13.00
  • 6th overall for average two bed sale price £153,091
  • In the worst 5 areas for average WiFi cost at £23.97 per month

Durham performed well across the affordable housing ranking factors, coming a respectable 3rd and 4th place in the rental price categories.

This is good news for graduates who are rarely prepared to take their first steps onto the property ladder straight after university and will likely be forced into renting for the first few years post-uni.

But a 2 bed home can be around £153,091 – making Durham the 6th cheapest place to buy from the hot-spots shortlist.

Durham did not perform too well in average monthly utilities costs, scoring 17th place overall at £147.98.

Graduates thinking of moving to Durham will also have to contend with pricey wi-fi costs.

However, Durham makes up for it with cheap weekly travel costs of £13.00.

For more information visit: The House Shop

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