Page 205 - Minutes of meeting
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The Housing Challenge

 Affordability & Mix


 The data shows Barrow-in-Furness to possess good access to affordable housing, relative to other parts of England. Affordability
 ratios are composed of median house prices and median resident-based earnings, with a lower ratio indicating that prices and
 earnings are closer together (affordable) – Barrow’s affordability ratio is well below the North West and England’s.


 The English Indices of Multiple Deprivation contains a domain specific to barriers to housing and services. For this domain, most
 areas in Barrow fall within the least deprived parts of England – suggesting good access to housing in the Town.

             Barrow-in-Furness Housing Stock Composition relative
             to England and Wales, 2018
 Area  Median house prices  Affordability ratio*

 Change since   Change since
 2018  Value
 2013  2013

 Barrow-in-
 Furness  £122,500  23%  3.64  1%


 Cumbria  £165,000  18%  5.62  9%


 North West  £160,000  23%  5.82  -14%



 England  £239,000  29%  8.00  18%




 Relative to England and Wales, Barrow has fewer flats, semi-detached and detached houses, and significantly more terraced
 houses. Almost half of Barrow’s housing stock of 33,500 was terraced housing in 2018 at around 16,340 units. Semi-detached
 houses were the second most common type of dwelling (7,480 - 23% of total), followed by flats (3,510 – 11%), then bungalows
 (3,380 – 10%), and detached houses (2,190 – 7%).

 Copyright © Hatch 2018. All Rights Reserved. Data source: ONS House price to residence-based earnings ratio, 2019. *NB: lower ratio indicates affordability.
 A higher (increasing) ratio indicates lower affordability.
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