What can you afford in Erewash?
1,301 homes changed hands in Erewash over the last 12 months (Jul 2025 – Jun 2026). Half sold for £220,000 or less, a quarter for under £170,000, and three quarters for under £277,500. Buying the median home with a 10% deposit needs roughly a £44,000 salary at the typical 4.5× lending multiple , see what £44,000 takes home.
Affordability in one number: the median home here sold for 6.1× the local median full-time salary of £36,290 (ONS ASHE 2025). A typical lender stretches to about 4.5× one income plus your deposit, which is why the deposit and second incomes decide so much here.
Sold prices · Erewash
£220,000
median sold price, Jul 2025 – Jun 2026
- A quarter under
- £170,000
- Three quarters under
- £277,500
- Sales
- 1,301
- HPI average
- £224,509
What each salary reaches here
Budget = 4.5× salary with a 10% deposit, against the 1,301 actual sales.
| Salary | Budget | Share of sales in reach |
|---|---|---|
| £25,000 | £125,000 | 6.5% |
| £35,000 | £175,000 | 27.5% |
| £50,000 | £250,000 | 65.4% |
| £75,000 | £375,000 | 89.4% |
| £100,000 | £500,000 | 95.2% |
By property type · median sold price
And the salary that price implies, at 4.5× with 10% down.
| Type | Median · sales | Salary needed |
|---|---|---|
| Flat | £114,500 · 49 | ≈£22,900 |
| Terraced house | £165,000 · 317 | ≈£33,000 |
| Semi-detached house | £218,000 · 572 | ≈£43,600 |
| Detached house | £325,000 · 363 | ≈£65,000 |
For context, the UK House Price Index puts Erewash average prices up 4% over 12 months.
Nearby in the index
- Eastleigh
- Elmbridge
- Enfield
- Epping Forest
- Epsom and Ewell
- Exeter
- Fareham
- Fenland
- Flintshire
- Folkestone and Hythe
Sold prices: HM Land Registry Price Paid Data (standard residential sales), Jul 2025 – Jun 2026, standard residential sales, England & Wales. Averages: UK House Price Index (HM Land Registry / ONS). Lending estimates use a typical 4.5× single-income multiple and are not a mortgage offer or financial advice.