DO YOU ever wish you could live the life of the rich and famous but not sure how much it would really cost?
According to the data visualisation site Plumplot the average salary for someone living in Bournemouth, Christchurch and Poole during 2019 was £36.5k.
These mega mansions are some of the most expensive in the area and the deposits alone cost the same as many of our homes.
But would any of us be in the running for one of these properties and how long would it even take us to pay the mortgage?
Well, look no further - these are the five most expensive homes on the market right now and this is how much you would need to earn to live there:
Pearce Avenue, Lilliput, Poole
Cost of the house: £6,995,000
10% deposit: £699,500
Minimum salary needed: £320,196 per year
Total salary when mortgage is 28% of total: £1,143,557
This impressive 'super-home' has a prime spot on the waterfront in Lilliput and boasts its very own private jetty and slipway - ideal for an ocean-lover.
Described as a haven of tranquility the property boasts panoramic views towards Sandbanks Peninsula and Brownsea Island.
The new build has six large bedrooms and even boasts an indoor swimming pool complex and cinema room.
The minimum salary (after tax) needed to pay the mortgage alone is £320,196 but this does not take into consideration any bills or living expenses.
It would take eight and a-half years to pay off just one year's mortgage on this house.
Panorama Road, Sandbanks, Poole
Cost of the house: £6,500,000
10% deposit: £650,000
Minimum salary needed: £297,540 per year
Total salary when mortgage is 28% of total: £1,062,642
Another property with a stunning waterfront location, this house has an outdoor pool, helicopter landing facilities, private jetty to Poole Harbour and a double garage with workshop and stores.
The four-bedroom home even has automated lifts to all floors and has been kept up to date with modern interiors throughout.
Many people would describe this as this 'dream' home but would you be willing to fork out more than eight years salary just to pay off the first year's mortgage?
Dorset Lake Avenue, Poole
Cost of the house: £5,995,000
10% deposit: £599,500
Minimum salary needed: £274,428 per year
Total salary when mortgage is 28% of total: £980,100
In an exceptional waterfront location this house boasts breath-taking views across Poole Harbour across many rooms.
The property has four double bedrooms all with ensuites plus five reception rooms, a study and a bar.
There is even a swimming pool, cinema room, gym and direct water access with its very own private jetty and slipway.
It would take seven and a-half years to pay off just one year's mortgage on this house.
Martello Road, Branksome Park, Poole
Cost of the house: £4,750,000
10% deposit: £475,000
Minimum salary needed: £217,428 per year
Total salary when mortgage is 28% of total: £776,528
This impressively large property boasts four large bedrooms, all with en-suites and a grand master suite.
La Fontanella is a detached new build home with contemporary design externally and modern finishes throughout including a cinema room and a gym.
Located in the sought-after area of Branksome Park this prestigious home would take the average person just under six years to pay off the first year's mortgage.
Pearce Avenue, Lilliput, Poole
Cost of the house: £4,995,000
10% deposit: £499,500
Minimum salary needed: £228,648 per year
Total salary when mortgage is 28% of total: £816,600
Standing at the edge of the waterfront, this property in Lilliput boasts panoramic views across Poole Harbour and Brownsea Island, it also has its own private jetty and slipway.
Harbour Front House has five large bedrooms and five reception rooms, making it the ideal home for a large family or those that like to entertain.
It would take someone on £36.5k more than six years to afford one year's mortgage payments on this house.
Advice from property market analyists, Hometrack, states that we should aim to keep our mortgage payments to less than 28 per-cent of our total monthly income - to ensure we have enough money for living expenses and savings.
David Ross, Managing Director at Hometrack said:"Ultimately lenders will be focused on your creditworthiness and whether you can afford your repayments. To do this they will look at what your income is and any outgoings you have.
"Generally lenders will lend up to 2.5x your gross annual salary but this can vary depending on a number of factors including the amount borrowed, the size of your deposit, the interest rates available and how long you wish to borrow the money for."
However, the longer you borrow money, while more affordable, will cost you more in the long run.
Would you want to live in any of these homes? Let us know in the comments.
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