Talking of mental house prices...

We hired out a 5 bed property on 1 acre of land over Xmas for the family to gather, not only was it HUGE but its on the market for 550k, I'd rather have that and spend thousands on transport to and from work than spend 10 times that figure on a smaller place just so I can walk to work.
 
MadMossy said:
We hired out a 5 bed property on 1 acre of land over Xmas for the family to gather, not only was it HUGE but its on the market for 550k, I'd rather have that and spend thousands on transport to and from work than spend 10 times that figure on a smaller place just so I can walk to work.
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People that have that amount of money usually have both.

A city house which makes them a fortune on rent or if they are that rich just leave it empty to make money even without rent
Country house with land away from the city

Unfortunately most people cannot afford both (or either) Personally I live in a city center because I value my time, it takes me 10 minutes to walk to work and less than 5 minutes to the main train station.
Some people where I work live out in the country but have to travel almost an house each way to get to work. Those 2 hours I see as lost time, plus the cost of traveling. I could put that time and money to good use by going on a weekend break or holiday
 
h4rm0ny said:
Ah, tourists - a double edged sword. They bring money... but they also bring themselves.
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quite enjoy the atmosphere they bring out of main season ,always a holiday feel on fistral ,but so many must live on top of each other as they have no sense of personal space and insist on sitting next to me in my sand dune when theres so many empty ones ,whats all that about ,dont want some muppet family from the home county's with some brat called hugo anywhere near when theres no need
 
krooton said:
South Coulsdon :)
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South Coulsdon? Not Coulsdon or Old Coulsdon? Sorry never heard of that designation which station is nearest?

eta - i’ll take a stab at Coulsdon South!

Welcome to the area. Green belt countryside is great and there are country pubs close by, and only 25 mins (from Purley admittedly) to central London. Win win amd congrats.
 
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Guest2 said:
People that have that amount of money usually have both.

A city house which makes them a fortune on rent or if they are that rich just leave it empty to make money even without rent
Country house with land away from the city

Unfortunately most people cannot afford both (or either) Personally I live in a city center because I value my time, it takes me 10 minutes to walk to work and less than 5 minutes to the main train station.
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You can save literally millions by having less than an hour's commute into London, so lots of people do that. You can have the best of both worlds.
 
We recently sold our two bedroom new ish build flat In Bermondsey and purchased a 5 bedroom house in Bexley for less money than the flat was worth. Takes 5 minutes to walk to the station and 30 minutes into London Bridge. Away from the madness of central but not too far away and can still enjoy it plus work there too.
 
Chris344 said:
We recently sold our two bedroom new ish build flat In Bermondsey and purchased a 5 bedroom house in Bexley for less money than the flat was worth. Takes 5 minutes to walk to the station and 30 minutes into London Bridge. Away from the madness of central but not too far away and can still enjoy it plus work there too.
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Sounds like you did the right thing for you, and I’m happy that it worked out.
We did the opposite in 1985, sold our 3 bedroom house in Welling, Kent, and bought a new build 3 bedroom house, on the river, in Rotherhithe.
The house in Rotherhithe was £18,000 more than what we got for the one in Welling, but as a Black Cab driver who preferred to work days, I went from a **** load of traffic to get into civilisation, and the same to get home, to getting up circa 08.30 - 09.00, and being in the mix by 10.00, and at the end of the day, turning the TAXI light off in The City, and going over Tower Bridge to be home in maybe 10 minutes, one man’s meat and all that.
 
Spook187 said:
Quite happy where i am thanks in my little bought house :)
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I would be too if I lived in Cumbria! Have often though about leaving London forever and moving up that way, wouldn't have difficulty find work so it may be in the pipeline.. London is just a crap city now.
 
nitram100 said:
I would be too if I lived in Cumbria! Have often though about leaving London forever and moving up that way, wouldn't have difficulty find work so it may be in the pipeline.. London is just a crap city now.
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I like London for about 4 days and I want to come home :)
 
Recently bought a new build 4 bed detached in Derby for £250k. Derby is significantly more expensive than where I was in Longton (Stoke-On-Trent), yet I commuting 40m to Derby each day was a waste of my life.
I am now at the end of a shared drive. Ihave parking for 3 cars (4 at a push) all on my plot, plus 1 more in the garage.

I do not understand why people bother staying in the south. Derby has a brilliant amount of industry and the housing is reasonable. It's all about that sweet spot for a salary:housing cost ratio.

Houses in Stoke start at 50k, where the minimum wage is exactly the same as in central London.
 
Jean-F said:
Sounds like you did the right thing for you, and I’m happy that it worked out.
We did the opposite in 1985, sold our 3 bedroom house in Welling, Kent, and bought a new build 3 bedroom house, on the river, in Rotherhithe.
The house in Rotherhithe was £18,000 more than what we got for the one in Welling, but as a Black Cab driver who preferred to work days, I went from a **** load of traffic to get into civilisation, and the same to get home, to getting up circa 08.30 - 09.00, and being in the mix by 10.00, and at the end of the day, turning the TAXI light off in The City, and going over Tower Bridge to be home in maybe 10 minutes, one man’s meat and all that.
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Funny, we are in Bexley Village and my in-laws live in Rotherhithe and my father in law is an ex-black cab driver.

My other half was born in Guy’s and grow up in Rotherhithe. I’m from the north by default and I just wanted a slower pace of life and more space.

We have friends in Welling too. As a Black Cab driver, your location is outstanding and my father-in-law used to love it for work.

I’m willing to bet that your house is now worth more then the previous house in Welling.
 
These reasons are why the UK MUST HAVE HS2.

However, HS2 should have been the countries backbone, linking London-Birmingham-Manchester-Leeds-Edinburgh-Glasgow to create what every other proper developed nation has, which is a nice spine of Highspeed passenger rail.

Shame it has been such a farce, and the country is left with something half baked, and half finished.

HS2 should have been made a bribe to Scotland to remain.
 
OpenToSuggestions said:
Recently bought a new build 4 bed detached in Derby for £250k. Derby is significantly more expensive than where I was in Longton (Stoke-On-Trent), yet I commuting 40m to Derby each day was a waste of my life.
I am now at the end of a shared drive. Ihave parking for 3 cars (4 at a push) all on my plot, plus 1 more in the garage.

I do not understand why people bother staying in the south. Derby has a brilliant amount of industry and the housing is reasonable. It's all about that sweet spot for a salary:housing cost ratio.

Houses in Stoke start at 50k, where the minimum wage is exactly the same as in central London.
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I remember reading that the average income in Derby was the highest in the UK, after adjusting for housing costs. I work in Derby. My salary is more than it was in the SW, yet the housing costs are significantly lower. I'm originally from Nottinghamshire so it was a no-brainer for me to come back this way (where I live is even cheaper than Derby!).

I'd strongly recommend people to consider relocating if their present quality of life isn't the best due to housing costs. In recent years it seems that people have finally clicked on, as more and more Londoners/SE folk are making their way to other parts of the country.
 
OpenToSuggestions said:
I do not understand why people bother staying in the south. Derby has a brilliant amount of industry and the housing is reasonable. It's all about that sweet spot for a salary:housing cost ratio.
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It's better to buy the worst house in the best location rather then the best house in the worst location
That said I would not go for either extreme
I personally bought a 2 bed flat for 250k in the center of Leeds. I could have got a lot more for my money out the center but would have meant buying a car, paying fuel, insurance etc. the travel time every day and parking which is a small fortune. Instead it's I now have a walk to everything and I rent the parking space out for £130/month
 
Guest2 said:
It's better to buy the worst house in the best location rather then the best house in the worst location
That said I would not go for either extreme
I personally bought a 2 bed flat for 250k in the center of Leeds. I could have got a lot more for my money out the center but would have meant buying a car, paying fuel, insurance etc. the travel time every day and parking which is a small fortune. Instead it's I now have a walk to everything and I rent the parking space out for £130/month
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My cousin just bought a 4 bed house that is an absolute palace. Double width hallways, huge bedrooms, walk in wardrobes, garden on the river etc....in the centre of Warsop (Mansfield) where an old council estate used to be. I was surprised to find Mansfield is actually a much cheaper area than Stoke! Each to their own, but for me a property has to be a mixture of the house itself and the area.
 
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