House prices in Sheffield: Salary needed to buy house in city jumps by nearly £2,000 as prices rise 1.7%

The annual income need to purchase a house in Sheffield has jumped by nearly £2,000 in one month, according to data provided by Zoopla.

The property site has estimated an income of £33,800 per year is needed in order to secure a mortgage from a lender. This is after prospective buyers have already saved for a deposit.

The jump in the estimated 'income to buy' comes as Zoopla also revealed house prices in Sheffield have risen by 1.7 per cent on the year. On average, houses in Sheffield have a guide price of £178,000 - a seemingly huge leap from the £171,600 given at the end of April.

Last month, Zoopla predicted the required yearly income to buy a home was just over £32,000. At the same time, the property site revealed prices were down for the quarter, by 0.4 per cent.