Manchester property accountants face the unusual problem of having to explain to commuters that their journey to work might not be saving them money on their home.
For property accountants everywhere, the cold financial logic behind where you choose to live is a burning issue.
And while many people think living outside of a city and commuting into it is a cheaper option, Manchester is one example of where this might not be the case.
Figures from Lloyds TSB show that the average house price within Manchester city centre is £140,543.
Head south to Stockport, and this rises to £184,860, while Chorley is at £157,294, Warrington £167,290 and Macclesfield £223,308 – almost 60% more than the city itself.
“Distance from work is often the deciding factor for purchasing a home,” says Lloyds TSB housing economist Suren Thiru.
“It is generally true that the further you commute, the larger are the financial savings made in terms of lower house prices.”
If you’re not sure how your location stacks up, our Manchester property accountants can help you to do the sums and decide whether you’re paying through the nose for a longer drive to work.