House Prices
- Thread starter Crazyface
- Start date
williamalex1
Money List Winner
The first house I bought was way back in 1967 earning around £18 a week
A 1 bedroom 1 living room and scullery with an outside shared toilet, cost £500 cash.
jdpjamesp
Q-School Graduate
Hardly changed in the 5+ years we've been here. Just put ours on the market for £15k more than we bought it for, but we've built a decent kitchen extension in that time so that's where the value increase is from.At random intervals, but fairly regularly, I check on house prices in my area, just to see. OMG !!!! They are seriously on the climb !!!
PhilTheFragger
Provider of Entertainment for the Golfing Gods 🙄
Thats where regional variations come in,
Uproot your place and replant it within 30 miles of London and you would be amazed
This is the cheapest 3 bed Terrace or semi in the area, it is in the backside of Chesham and its £300k http://www.rightmove.co.uk/property-for-sale/property-37838214.html
to afford that If I was a first time buyer I would need a £40K deposit , If a joint mortgage I would need to be on 30k and Her on 25K.
If I was on my own, i'd need to be on 60K
its bonkers
Crazyface
Tour Winner
It certainly is...bonkers that is.
jdpjamesp
Q-School Graduate
Yep and we're moving 250 miles south. Thankfully to a relatively cheap county/area, but we're still having to find £50k to just get a similar property.
SwingsitlikeHogan
Major Champion
When in 1996 we were looking to move from a nice part of central Bristol to Surrey we sold our lovely Victorian 3-bed mid-terrance house for £74k (quite) I thought we'd be good to find somewhere in Farnham for about that. When looking to buy there was nothing less than £100k. In the end I got a pretty dilapidated and very dated 3-bed semi for £93.5k - it was the first house under £100k that I'd seen. I saw it in my lunch break and had to offer full asking price (which was accepted) as it would have gone by the evening. My wife hadn't even seen a picture of it...
Really knackered us financially
Really knackered us financially
SocketRocket
Ryder Cup Winner
When in 1996 we were looking to move from a nice part of central Bristol to Surrey we sold our lovely Victorian 3-bed mid-terrance house for £74k (quite) I thought we'd be good to find somewhere in Farnham for about that. When looking to buy there was nothing less than £100k. In the end I got a pretty dilapidated and very dated 3-bed semi for £93.5k - it was the first house under £100k that I'd seen. I saw it in my lunch break and had to offer full asking price (which was accepted) as it would have gone by the evening. My wife hadn't even seen a picture of it...
Really knackered us financially
What area of Bristol was that? I'm guessing Redland.
SwingsitlikeHogan
Major Champion
St Andrews - though previously I had a flat in Redland. That flat is a case in point for this thread.
I bought my flat (my first home purchase) for £35,000 in 1986 - two years into starting my first job. My salary was about £10,800 a year. I think I put down £3,000 deposit and so my loan was £32,000 - so 3x my salary. Checking zoopla it was last sold in July 2014 for £217,000 and is now estimated at £240,000. Even if I could save up £15k deposit and assuming 5x salary (are loans on these salary multipliers given these days) I'd have to be earning £45k/annum - and that would never happen two years into my job.
richart
Major Champion
We have lived in our house since 1985. I found it on Zoopla, and it appears it was sold last year, and has gone down in value since.
I knew I shouldn't sign documents without reading them first.:mmm:
I knew I shouldn't sign documents without reading them first.:mmm:SteveJay
Head Pro
The housing market is pretty much all about supply and demand.....yes, the economy and interest rates have a big influence but essentially prices go up as it (housing) is a scare resource, relatively speaking, due to the island we live on, planning restrictions but most fundamentally, generations of constructing fewer homes than is needed for the expanding population.
That expansion is due in part to immigration, but more due to longer life expectancies and social changes (divorce rates, single parent families etc).
Until house builders build enough new homes, and aren't hamstrung by policy, it won't be solved. The NIMBY groups will continue to object and most will recognise that we don't want to spoil some of the countryside that makes this country so special.
That expansion is due in part to immigration, but more due to longer life expectancies and social changes (divorce rates, single parent families etc).
Until house builders build enough new homes, and aren't hamstrung by policy, it won't be solved. The NIMBY groups will continue to object and most will recognise that we don't want to spoil some of the countryside that makes this country so special.
