National park with a good deal to offer

ONE OF Yorkshire’s national parks is offering home-buyers one of the best deals to purchase a property with stunning landscapes on their doorstep.

Research by Lloyds Bank has revealed that anyone wanting to live near the scenery of a national park typically faces paying up to 15 times their wages.

But buyers looking for more affordable options may want to make property searches in Wales and Yorkshire.

Snowdonia was identified as the most affordable national park – where average house prices are just under seven times average local earnings.

Living near the North York Moors National Park is also around £2,400 cheaper than in the surrounding county with properties costing an average of £265,122, the research found.

Across England and Wales, the average price of such a property is £394,141, according to Lloyds

Bank. It said that, across the study, average house prices near national parks equate to around 11.6 times gross local earnings and cost £127,839 more than those in their surrounding county areas.

Across England and Wales generally, house prices are around 7.6 times average earnings.

Lloyds’ analysis of Land Registry figures found that the New Forest is the most expensive national park, commanding average house prices of £643,371, or a premium of £317,426 to live there compared with the surrounding county.

In the South Downs National Park and the New Forest National Park, homes typically cost 15.1 times local earnings, making them the least affordable national park areas in the study.

Property prices in the Yorkshire Dales National Park cost an average of £347,864 – £112,956 more than the surrounding areas.