House Prices

Martin · Post by **Martin** » Wed Feb 04, 2004 1:39 am

Alright, I have been frustrated with house prices for some time. Here is the cheapest:

http://www.rightmove.co.uk/rm/s/rm/temp ... 1&tr_t=buy

....hmmmm thats no good, can't get a mortgage on a shed!

How about the cheapest brick built accomodation:

http://www.rightmove.co.uk/rm/s/rm/temp ... 1&tr_t=buy

......a flat in the crumiest area of Basingstoke, which I would refuse to pay 87k for somewhere where your car would be damaged / broken into frequently!

http://www.rightmove.co.uk/rm/s/rm/temp ... 1&tr_t=buy

......That road has a drug abuse / dealing problem, or used to, plus is more expensive than the above at 95k. Don't like piss-smell stairwells either.

Only cheaper 1 bed accomodation is Granny Flats, or "Warden Assisted" which quite often have no onward chain, i.e previous occupant has died. A youngster wouldn't be able to get in anyhow:x

:evil:

Gary · Post by **Gary** » Wed Feb 04, 2004 1:41 am

What a total rip off. Move up North you get proper houses for that kind of money, they have garages, gardens and look nice.

Once again scank.

Martin · Post by **Martin** » Wed Feb 04, 2004 1:44 am

They are luxuries. Bloke at work and his wife pays Â£890 a month on a 25 year 150k mortgage, which has got them a year and a bit into purchasing their 2 Bedroom "starter" home....

Si · Post by Si » Wed Feb 04, 2004 2:09 am

Move up north as gary says

Martin · Post by **Martin** » Wed Feb 04, 2004 2:38 am

woi thaaa fooook wood aye woona dooo thaaat ???

Si · Post by Si » Wed Feb 04, 2004 2:47 am

Martin wrote:woi thaaa fooook wood aye woona dooo thaaat ???

Not that far

Martin · Post by **Martin** » Wed Feb 04, 2004 2:48 am

Touche

Martin · Post by **Martin** » Wed Feb 04, 2004 3:00 am

Hmmmm

Coventry, 2 bed flat 41.5k ....

http://www.rightmove.co.uk/rm/s/rm/temp ... 1&tr_t=buy

Wonder if you get the whole block.....thats horrid.

Now this looks good :

Nuneaton, 2 bed maisonette for 33k

http://www.rightmove.co.uk/rm/s/rm/temp ... 1&tr_t=buy

sexSEI · Post by **sexSEI** » Wed Feb 04, 2004 3:08 am

Up North is quite cheap and I bought my first house Feb2003.

It's a 2 bedroom mid terrace,extended kitchen,gsh and double glazing all for Â£39000.

I thought that was a good buy. House is probably worth somewhere in the region of Â£45-50k looking in the local paper.

sexSEI

Steve B · Post by **Steve B** » Wed Feb 04, 2004 9:15 am

sexSEI wrote:It's a 2 bedroom mid terrace,extended kitchen,gsh and double glazing all for Â£39000.

Christ that would have only got the ground floor around here when I got mine, might just get the living room now. My rebuilding costs are more than that :shock:

I used to live in North Wales, and houses were dirt cheap there as well, need about Â£50K joint income down here to be able to afford a decent house.

Steve

mach1rob · Post by **mach1rob** » Wed Feb 04, 2004 9:26 am

Have you thought about moving down here??

Here's an example for you,

http://www.rightmove.co.uk/rm/s/rm/temp ... 1&tr_t=buy

On the old council estate, better now than what it used to be, but not one of the best roads

However, close to the schools, thats the playing field in the background, ok if you like noisy kids!! :twisted:

Cheap at Â£117k for a 1st floor flat!

Or if you want a bit more upmarket, and be just round the corner from us,

http://www.rightmove.co.uk/rm/s/rm/temp ... 1&tr_t=buy

:shock:

Smilz · Post by **Smilz** » Wed Feb 04, 2004 10:07 am

Get yourelf a house up North mate.
House prices tend to be alot cheaper up here.

Just as a guage. Im 19, and me and the missus have just brought a 3 bedroomed house with bay window, double glazing, brand new roof and big back garden for...............................................................Â£42,000.

Admittedly it did need a 'little' work, like a couple of walls plastering and some decorating but apart from that im dead chuffed with it.

Me and the missus are paying Â£200 a month on the mortgage between us, and another Â£50 a month for home insurance. Thats defo affordable between the both of us

Ben Cole · Post by **Ben Cole** » Wed Feb 04, 2004 12:23 pm

Move up north?? If only it was that simple.

steve-o · Post by **steve-o** » Wed Feb 04, 2004 12:49 pm

Yeah, a move up north is a very wise decision if you can do it. With better paid jobs becoming more and more available, especially in the leeds, preston and manchester area's, add this to the cheap housing and you've got a very comfortable life!!!

I'm in a joe average job earning around Â£25k and bought a 2 bed semi on my own last year which is on a new style, quiet, development and is only 12 years old, for Â£60k!!! My mortgage is Â£310 a month which is easy to pay, so I added another Â£8k to the mortgage to do the place up (not that it needs any work, but I'm getting new fitted everything!!!) The mortgage is still comfortable at Â£360 a month and my house will be top class!!!

Going off what my neighbours have sold theirs for recently, the house has gone up Â£25k in just under the year I've been there and is now worth about Â£95k!!! But obviously house prices are still considerably cheaper than other areas!

Just my thoughts!!! :wink:

Chris200 · Post by **Chris200** » Wed Feb 04, 2004 1:37 pm

Mate, try looking at house prices in Fleet, Farnborough and Alder$hit!!

Cheapest house I have found in fleet is approx Â£190,000.00 best flat price is around Â£160,000.00!!!

Farnborough and Aldershot are a little better but not much!!
All the mortuage place round here say thet you need to be earing around Â£60,000.00 a year on your own or joint to be able to afford a place!!

New houses being built accross from my work, not much land or garden and very close together....starting price for a 2 bed house Â£260,000.00!!!

I'm just gonna stay at home....much cheaper!!

Martin · Post by **Martin** » Wed Feb 04, 2004 2:06 pm

Chris,

I know Fleet is expensive - those prices don't suprise me one bit! Thing is with all these new housing developments is as you said, you pay all that money for a house which is the same as the one next door, your garden will most likely be short and narrow, and to top it off, whilst you are struggling to pay a mortgage someone accross the road has got one for Â£80 per week from the Council, so they have enough money to thrash it on the Audi TT!!! I know of one example of this so it does happen.

Steve, et al.

I was born in the South, my job is down here, my family and friends are down here - it would be such a change to up and go. Someone at work moved down from Telford to Woking, not only has he and his fiancee had the shock of higher cost of living, but he has no friends down here - don't quite think you could go to the pub and say "will you be my friend" lol :twisted:

I am waiting for Grants view on this since he has moved from SW to 'oop North. Didn't get the impression he was particularely impressed?

Martin

dreaddan · Post by **dreaddan** » Wed Feb 04, 2004 2:09 pm

who said the north is cheap?!?
this is the cheepest neer me. its been empty for ages
http://www.rightmove.co.uk/rm/s/rm/temp ... 8&tr_t=buy

Alittle outch facter...
http://www.rightmove.co.uk/rm/s/rm/temp ... 7&tr_t=buy

http://www.rightmove.co.uk/rm/s/rm/temp ... 7&tr_t=buy

http://www.rightmove.co.uk/rm/s/rm/temp ... 7&tr_t=buy

A mates had her house valued at 300k up from 20k!

Dan

Martin · Post by **Martin** » Wed Feb 04, 2004 2:13 pm

dreaddan wrote:who said the north is cheap?!?
this is the cheepest neer me. its been empty for ages
http://www.rightmove.co.uk/rm/s/rm/temp ... 8&tr_t=buy

Alittle outch facter...
http://www.rightmove.co.uk/rm/s/rm/temp ... 7&tr_t=buy

http://www.rightmove.co.uk/rm/s/rm/temp ... 7&tr_t=buy

http://www.rightmove.co.uk/rm/s/rm/temp ... 7&tr_t=buy

A mates had her house valued at 300k up from 20k!

Dan

All of those are cheap! That conservatory on the last one would add at least 20(BHP)thousand to the house down here!

Gary · Post by **Gary** » Wed Feb 04, 2004 3:19 pm

BTW Martin the North is not a little place. There are also places more expensive than where you live, and places lots cheaper. Crapper areas, and better areas. But normally everyone is much friendlyer :wink:

Steve · Post by **Steve** » Wed Feb 04, 2004 3:35 pm

I've just paid Â£119K for a 2 Bed Semi with a drive and no garage :shock:

How much

Kelvyn · Post by **Kelvyn** » Wed Feb 04, 2004 4:06 pm

I paid Â£25k for a 2bed, mid terraced with double glazing, GCH etc, a yard big enough for two cars...

That was little under 2years ago. Houses in my street now sell for Â£65-70k.

Thats just nuts.

dreaddan · Post by **dreaddan** » Wed Feb 04, 2004 4:29 pm

Martin wrote:All of those are cheap! That conservatory on the last one would add at least 20(BHP)thousand to the house down here!

Bair in mind that this is some where the average wage is about 12k.
People are leaving most jobs to work at tesco or morasons(sic) becasue they pay better!

A friend's parents have just sold a house in hackney(london) for 375k, I darent say what state it was in! they could have walked with 500k if they had looked after the place..

dan

matt d · Post by **matt d** » Wed Feb 04, 2004 5:41 pm

im just in the process of getting my mortgage - 2 bedroom flat in Herts - just me (bachelor pad :wink:

) - Â£150k (cheapest around) - Â£Â£975 per month for the mortgage ....oh well, time to do a bit of Overtime :cry:

andy_notts · Post by **andy_notts** » Wed Feb 04, 2004 6:00 pm

i paid 33k for my 3 bed 3 storey extended end terrace little over 2 years ago and im just putting it up for sale again for 70k

buying my grandmas 3 bed semi now shes passed away ,needs hell of a lot doin but hopefully gettin it cheap ,its bein valued tomorro

C2K · Post by **C2K** » Wed Feb 04, 2004 6:23 pm

Lancs is great. Great house prices and cheap(er) petrol!

stuartm · Post by **stuartm** » Wed Feb 04, 2004 6:50 pm

I bought my house(3 bedroom with 1/4acre)for Â£50k spent Â£10k on it,now worth Â£150k (18 months later):twisted: .Took 3 months to get it up to spec though,New everything.Moved from a Â£87k house to a Â£50k house so had a BIT of spare money to spend on it.
Not up narf,26 miles from cambridge.Next door is 1/2 a mile down the road.

sharky · Post by **sharky** » Wed Feb 04, 2004 8:45 pm

house prices have gone up so much... its alright if you own a house already, but if you are looking to buy 1 you have got hardly any chance at all unless you have a Â£40k+ job.

my mum bought the house that we are living in now (yes, i still live with my mum!) in devon, brand new, 4 bedroom, detached. a few years ago for Â£110'000.... now its worth Â£300'000!

dreaddan · Post by **dreaddan** » Wed Feb 04, 2004 8:49 pm

I know what you mean. my foaks payed 13k for there it's now wroth 300k+.
I think I was lucky with the house me + the wife got as it was in our price range and worth alot more!

1. Buy house
2. go to the pub
3. Sell house
4. Profit!
dan

matty200vi · Post by **matty200vi** » Wed Feb 04, 2004 8:55 pm

i think you should move up north to fella

me and missus are about to buy our first house and are looking at getting a three bed detatched with garage for 120k!!

this is off the plans of a new site cos you get it cheaper before they start building and then as the site gets finished the price goes up like my aunty who bought one for 105k and 6 months later it is worth 139k and the site is still not finished!!!

even if you don't like new house stay in till 2 year penalty on fixed mortgage is gone then sell for a big profit!!!

weirdjam · Post by **weirdjam** » Thu Feb 05, 2004 7:31 pm

Above is Â£295,000 (2 bed)

Above is 2 bed flat @ Â£195,000 (Can you see why he's got a skyline!!)

Above is round the corner for me an ok areaish but near to shops and is not a very nice house Â£195,000 3 bed semi

Above is about the lowest you can pay for a 2 bed in Witney at Â£155,00

Its a f**king nightmare uphere. Average TOWN wage is Â£12,500 (25,000 combined) me and mand are on higher than average by Â£15000 and still cant get anywhere suitable (originally i'm fromSwindon 30 mins drive away- Â£150,000 can get us a 4 bed show home,detached with double garage on very posh new estate about 3 years old)

Its gotta crash soon surely??? Please?

stuartm · Post by **stuartm** » Thu Feb 05, 2004 8:04 pm

Interest rates went to 4% today :wink:

ScottC · Post by **ScottC** » Thu Feb 05, 2004 11:19 pm

I'm gonna ramble a bit now, winge time.........

The current situation is rather depressing. A little history........

5 years ago we were earning a combined sum of 50K. We could comfortably afford 3/4 bed detached (good sized rooms) with a garage. Obviously, 3 bed terraced were much cheaper and thats what we opted for.

Then I screwed up.

Now we have a combined income of 22K. The most we could borrow (no chance of that though - see screw-up) now is 40K. If we had this income 5 years ago we could have purchased any of the 3 bed terraced properties without fuss. As it is, no house is less than 80K, very few 'flats' are under 45K. As it happened I made us homeless (literally) and it has taken 3 years for me to get back in the real world. We currently live in a council flat, waiting for an offer on a house. I can sit back now with cheap rent observing what happens - not part of it..........

I do know everyone in the place where I work earns less than 12K, so I also know that none of them could begin a house purchase now. These people (and I) are currently unable to purchase anything, thats 50 individuals. Our factory is typical of the area (I have worked in a few), not many people break the 13K mark, as an industrial town there are a lot of factories!

Now, if I was back doing my old 28K job, remember, thats a very good wage round here....... well, we still couldn't afford to buy a house.

Its hardly pushing me to find a better job!

Scott

stuartm · Post by **stuartm** » Thu Feb 05, 2004 11:30 pm

bugger im glad i payed for my house cash

MGTurbo · Post by **MGTurbo** » Fri Feb 06, 2004 12:04 am

Housing, a sore point at the moment in our household, because me and the missus need our own place desperatly, i'm now bringing in a full time wage, the other half has come into some money, and we only want to rent.

We have found a number of places for Â£3-350 PM, but the housing agency has put us on some stupid list and we dont even get a look in. Doing my head in right now :evil:

Post by **MarkCoupe** » Fri Feb 06, 2004 12:40 am

Yep House prices are sooo high round here, but Gaz,isnt there anyway you could mortgage, cos isnt renting kindof like throwing money away, i mean couldnt you find a mortgage for Â£350? (stupid question round here)