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How much house can you get?

Just checked, my childhood home most recently sold for £36k in 2010.

3 bed, 1 bath, with self-contained granny flat, garage, and large front and rear garden.

The house directly opposite sold for £70k last year.

A 10 minute drive from where I grew up:
https://www.zoopla.co.uk/overseas/d...h_identifier=17fc10bbad340e473fc2fb500c42753a

And round the corner from my nan's gaff:
https://www.pamgolding.co.za/property-details/5-bedroom-house-for-sale-mowbray/kw1471226

Still, screw ever going back!
 
wez130 said:
OK, I know most of you are in the UK, but even the UK is diverse in how much house you can get for your money.

So

The Average UK house price is £235k as of November 2019 according to https://landregistry.data.gov.uk/app/ukhpi

So, How much house does £235k get you in the town / county you currently live?

Well, i'm in Rodney, a county north of Auckland NZ, but still classed as Auckland, I am about 45 miles from the city, and £235k will NOT get me a property, i can get some land and that's about it! In fact, the cheapest freehold property in Rodney is a 40sqm 1 bed cottage for $539k (about £270k).

49465947331_ef2ab46304_b_d.jpg


https://www.trademe.co.nz/property/...tm?rsqid=1bbaa7dfb1ce42c5877df58e9ecc264d-007

So, show us what you can get where you live for the average UK home price of £235k?
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Depends on exact location as that will get you a 1 bed apartment 5 mins from where I live or it will get you a 3 bed detached home around the corner. Go to west end and it will likely be a run down 1 bed flat or nothing. Go further out and i'm sure you can get a 4 bed house for that kind of money.

So even within the same city it will vary massively depending on the exact location.

I mean if you go to a dump of a place you could buy 4 flats for that amount. Or 3 half decent flats in an area which is currently being re-developed from the dump it once was.

I could show you a flat for £20K and a house for £2 million within 15 mins drive of each other as an example.
 
£235k won't buy anything at all in Wargrave. Cheapest property on the market at the moment is £350k and that's a 2-bed terrace.
I guess it would buy a 1-bed flat, maybe, if there were any.
 
1 bed flat here in the little part of essex I am in. The average house price for say a 3 bed in the surrounding area is almost 500k. It really offers shocking value for money. Just looked at my old 2 bed flat and thats a stone throw away and is now worth around 300k (Gained about 50k in 5 years). Knew I should have stretched to keep it :(
 
Yep London is just unaffordable for normal Brits who don't already have property there. That's why the commuter zone is creeping north (it skipped Luton lol, houses are still cheap there, but...).

But then even commuting in is becoming unaffordable. Train tickets are extortionate, expanding emission zones/taxs, etc. It's become quite hard to hire people in to London based jobs. Unless they have remote working people just don't apply.

Eventually the only people in London will be MPs, bankers and tourists (they will have to clean their own toilets, because cleaners will be priced out) :p
 
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Its actually fairly shocking. I didnt realise the market has literally nothing at the bottom end in this area, everything under 250k is a retirement flat of which there are a couple of blocks close. 108 properties for sale in thorpe bay, 5 pages on rightmove pages 1 and 2 range from 2 million down to about 600k, after that its slightly more reasonable but what you get for your money sucks.

I feel sorry for young people that would like to move to the area, it was a stretch when I bought here but now it would be almost unattainable for the majority of half decent property in the area.

Is the south east just following London?

So some pics.. we went to look at a place in the same development as the first image and you cant really call it 2 bedrooms as the second room you either have a bed or furniture, not really both. They are tiny little things:



Right at the bottom of the market you can have one of these:



Me and the mrs actually wanted one a while back until we realised that they exchange hands in excess of 60 to 80k on the regular. Also you arent allowed to actually stay in one over night as far as i am aware. Got to love the description.. 1 bed detached house. No, its a 1 room beach hut.
 
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shadow_boxer said:
Yikes. Sutton in Ashfield. My wife lived not far from there when she was younger and its pretty grim to say the least. As for Nottm in general prices are quite strong. They've seen good growth over the last couple of years.
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Quite a bit of it is pretty bad but in last few years there have been several big estates of 3 and 4 bed detached houses built, most on the M1 side of the town, the old council estates and the New Cross area are still grim though
 
Nasher said:
Yep London is just unaffordable for normal Brits who don't already have property there. That's why the commuter zone is creeping north (it skipped Luton lol, houses are still cheap there, but...).

But then even commuting in is becoming unaffordable. Train tickets are extortionate, expanding emission zones/taxs, etc. It's become quite hard to hire people in to London based jobs. Unless they have remote working people just don't apply.

Eventually the only people in London will be MPs, bankers and tourists (they will have to clean their own toilets, because cleaners will be priced out) :p
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Always wonder if there's a limit to this. Sort of thing. Can prices literally go up forever? Or will more companies relocate out of London ?

Like said, surely if you aren't already owning a property, and are on anything near Nat average salary you haven't got a chance ?
 
413x said:
Always wonder if there's a limit to this. Sort of thing. Can prices literally go up forever? Or will more companies relocate out of London ?

Like said, surely if you aren't already owning a property, and are on anything near Nat average salary you haven't got a chance ?
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It will probably crash eventually. A city can't function without it's workers.

At that point they will all realise the bus driver or street sweeper is more important than the banker.
 
Nasher said:
It will probably crash eventually. A city can't function without it's workers.
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I wonder if there will be a point where rest of UK grows and London just stalls as people just have enough and move to get a lot more for their Money

Something has to give at some point
 
It'll get to a point where affordable housing in London will mean a tiny boxed flat. I am surprised more people are not buying and living in shipping containers.

I was priced out to the outskirts of London but prefer the peace and quiet than a busy and noisy place.

I don't drive but it has now become a necessity. Traveling to work is not too bad and may get better very soon.
 
413x said:
I was going to say except Cornwall.
But not enough jobs. Hope to one day not to need to live near a city even though I do like Cardiff
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yeh jobs tricky ,im with an agency after redundancy ,done 3 days in 2 weeks ,actually did some house hunting in wales but ended up down here ,feels very remote but can nip to asda lidl tesco ect in Bodmin in 15 mins
 
EGuitarStar said:
It'll get to a point where affordable housing in London will mean a tiny boxed flat. I am surprised more people are not buying and living in shipping containers.

I was priced out to the outskirts of London but prefer the peace and quiet than a busy and noisy place.

I don't drive but it has now become a necessity. Traveling to work is not too bad and may get better very soon.
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I actually prefer to be where I am now than where I was living before in the Acton area. Genuinely you couldnt pay me to go and live back in London. Im about 35 miles out now and travel in most days.
 
moon man said:
yeh jobs tricky ,im with an agency after redundancy ,done 3 days in 2 weeks ,actually did some house hunting in wales but ended up down here ,feels very remote but can nip to asda lidl tesco ect in Bodmin in 15 mins
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Yeah if it wasn't for the remoteness and jobs I'd be down there.
 
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