This is especially the case in Watford which is home to some pricey and luxurious places. In fact, Zoopla estimates that the average property price in Watford is an eye-watering £431,476 However, it is possible to buy properties far below this average; we have tracked down some of the cheapest homes on the market and calculated the estimated salary you will need to afford them. It s important to note that there are many factors that impact the cost of a mortgage and lenders assess affordability on a case by case basis- salary isn’t the only deciding factor. Tom Newcombe, mortgages spokesperson for MoneySuperMarket said: “Affordability depends a lot on a customer’s outgoings as well as income, but in general lenders will hardly ever lend above five times your income- for most people, four and a half times will be the limit.”