MOST of us have dreamed about living in the region’s million pound properties- but have you ever considered the wages needed in order to make that dream a reality?

We have crunched the numbers and estimated the annual salary you would need to get a mortgage for some of these pricey properties.

Along with the minimum income needed, we have also calculated how much you would need to earn in order to live comfortably and still pay the mortgage.

When applying for a mortgage, lenders take a number of things into consideration, including your annual salary.

David Ross, Managing Director at Hometrack, the leading provider of insight and intelligence to the mortgage market, said: "Ultimately lenders will be focused on your creditworthiness and whether you can afford your repayments.

“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.

Mr Ross also added that some “good advice” is to try and keep your mortgage repayments to “less than 28% of your gross monthly income.”

He added: “That way you should have plenty of money left for the essentials or to put away for a rainy day.”

How we did the maths

We worked off the Hometrack recommendation that mortgages should be 28% of your total annual income

It’s worth noting that the figures for the properties are just estimates based on a 2% interest rate,  10% deposit and a 25 year repayment term.

Each mortgage lender also has different requirements and eligibility tests when deciding who gets a mortgage and if they can afford a certain property.

With that being said, here are five of the most expensive homes for sale in Worcestershire and the estimated salary you would need to buy them:

Sinton Green, Hallow
Cost of house:
£3,250,000
Deposit: £325,000
Minimum annual salary needed: £148,764
Total annual salary when mortgage accounts for 28%: £531,300

Droitwich Advertiser: This property costs £3.2 million (Photo: Zoopla, Fine Country)This property costs £3.2 million (Photo: Zoopla, Fine Country)

This stunning house has seven bedrooms and you will never have to queue outside for a shower as it has five bathrooms.

It truly is a luxury property- but you’re going to need to earn over half a million a year (after taxes) in order to afford it.

The deposit alone is an eye-watering £325,000 and this doesn’t even include the extra £288,750 needed in stamp duty (figure for a first time buyer).

Learn more facts and statistics about this home on Zoopla.

Impney, Droitwich
Cost of house:
£2,375,000
Deposit: £237500
Minimum annual salary needed: £108,708
Total annual salary when mortgage accounts for 28%:£388,242

Droitwich Advertiser: Is this your idea of a dream home? (Photo: Savills, Zoopla)Is this your idea of a dream home? (Photo: Savills, Zoopla)

This impressive house has five bedrooms and is set in the grounds of Chateau Impney- it even has its own pool.

However, it’s estimated that you will need to earn over £388,000 per year just to afford it- and this figure doesn’t even take into account the running costs.

Don’t forget about the initial stamp duty needed, which for a first time buyer would be £183,750

View this property on Zoopla.

Stoney Lane, Tardebigge, Bromsgrove
Cost of house:
£2,000,000
Deposit: £200,000
Minimum annual salary needed: £91,548
Total annual salary when mortgage accounts for 28%:£326,957

Droitwich Advertiser: Do you earn £300,000 a year? (Photo: Zoopla, Fisher German)Do you earn £300,000 a year? (Photo: Zoopla, Fisher German)

This property is described as an “exceptional” period family home.

It has five bedrooms and even has a guest barn on site.

However, you will need to be earning around £300,000 per year in order to live comfortably here.

According to data visualising website, Plumplot, the average wage for a person Bromsgrove is around £35,000 per year.

This means that it would take the average person 5.7 years to save for just the 10% deposit on this house- and this is without spending a penny on anything else.

Learn more about the property on Zoopla.

Buryend Lane, Upton-Upon-Severn, Worcester
Cost of house:
£1,950,000
Deposit: £195000
Minimum annual salary needed: £89,256
Total annual salary when mortgage accounts for 28%: £318,771

Droitwich Advertiser: Buryend Lane property (Photo: Strutt and Parker)Buryend Lane property (Photo: Strutt and Parker)
This historic farmhouse dates back to the 17th century and has four bedrooms.

While it would be lovely to live in this property, your mortgage will cost an estimated  £318,000 per year.

Data from Plumplot suggests that the average wage in Worcester is £33,000- this means it would take the average person 2.7 years  to afford the minimum annual mortgage repayment for this house, never mind the additional costs involved.

As well as a £195,000 deposit (10%), the new owner would also have to pay £132,750 in stamp duty.

View the property listing on Zoopla.

Lower Gambolds Lane, Findtall, Bromsgrove
Cost of house: £1,750,000
Deposit: £175000
Minimum annual salary needed: £80,100
Total annual salary when mortgage accounts for 28%: £286,071

Droitwich Advertiser: This property is on the market for £1.7m (Photo: Zoopla, Fine Country)This property is on the market for £1.7m (Photo: Zoopla, Fine Country)
This might be the cheapest property on the list- but that doesn’t mean the mortgage is any more affordable.

To get a mortgage on the seven bed country house you need to be earning an estimated £280,000, which works out at around £23,800 per month.

Data from Plumplot suggests that the average person in Bromsgrove earns £35,000, meaning it will take them 2.2 years just to earn the minimum annual salary needed- and this doesn’t account for their personal outgoings.

Want to learn more about this particular house? Visit Zoopla.