How much is an FTB property where you live?

Mr.Brown_4

chucky wrote: »

the average price of a flat is £150k ish in surrey. that would be an average flat; within that you would find 1 bed, 2 bed and 3 bed flats - so by default a 1 bed flat would be cheaper than £150k.

Ah, the perils of Google. A little information goes a very long way, until you meet someone who actually lives there.

chucky

Mr.Brown wrote: »

Ah, the perils of Google. A little information goes a very long way, until you meet someone who actually lives there.

lol nice one [STRIKE]pewbs[/STRIKE] mewbs. good attempt to deflect the thread from reality... did you have anything else to add or were you being a complete tool again?

i live in West London and know south west london/surrey pretty well. but it's pretty funny coming from someone who is a council employee civil servant with a guaranteed pension who lives in Suffolk......

Kirri

chucky wrote: »

the average price of a flat is £150k ish in surrey. that would be an average flat; within that you would find 1 bed, 2 bed and 3 bed flats - so by default a 1 bed flat would be cheaper than £150k.


buying a house is always hard and never easy.
the Average Mean Salary is £24,863 and the Average Median Salary is £32,673.
for a couple it's not going to be hard to buy that flat. for a single person they need to be on the median salary or above i imagine.

Do you know Surrey personally though? Edit - just seen your above - which areas that are ok have these 2/3 bed flats for 150k?
The reality is very different from what I've seen living here.

For someone on average wage it is nigh on impossible to buy unless we are getting into the areas of high multiples.

I was offered a 6 x salary mortgage when I applied, I didn't take it but it wouldn't have bought me a 1 bed flat at the time!

Kirri

ukcarper wrote: »

I can find a couple just over where I am mind you I’m nearly in Hampshire

So Farnham or something, that far out?

and then it's ok if you work in that area I guess. I looked at moving further West but then even only going as far as Woking the train fares made it too expensive to get back to London to work.

[Deleted User]

house123 wrote:

Don't you live in Scotland?
The people reading these posts are predominately English. The Scottish and English housing markets are completely different. After all Scottish house prices are falling like a stone and most of England is holding up.

I live in Scotland. Prices aren't falling much at all from what I can see. It's just that they never got really silly.

I think it's more the case that the South East of England is different from the rest of the country. There are lots of equally affordable places throughout England.

In 2007 (when prices were at their peak) we sold my mum-in-law's 2 bedroom terrace in Yorkshire for 60k. Now a lot of people might say that a house like that is beneath them. But she was a lovely, hard-working lady and she'd have loved to have been considered 'posh'. I'm sure she'd have loved a posh job in London and a fancy pad in the suburbs. But she didn't have it and had to settle what she could afford. And the same applies for all of us. If you can't afford what you want you have to settle for less. No point in belly-aching about what you think you deserve or what you think you have a god-given right to.

I think what we're seeing now is people in the South East being faced with what the rest of the country has had to bear over and over throughout history - the need to move in order to be able to afford to live! The South East has had it easy for so long that it comes as a big shock. But really it's nothing new.

You need both a job and an affordable house in order to live comfortably. As has ALWAYS been the case, if you can't get both where you currently live then you need to move. It's not nice - and often impossible to get both job and home. But if the rest of the country can do it I'm sure those in the South East are tough enough to survive it. When it comes to the crunch you may find that you're better able to support your family if you take a low paid job in an area where housing is affodable than if you try and stay in the South East with a well paid job and nowhere to live. This might sound harsh, but with only so many houses available in the popular areas it stands to reason that lots of people are going to be dissapointed.

The problem is a lack of housing in the South East. There aren't enough properties to go around and the competition puts prices sky high. If you slash prices by 90% tomorrow there will still be just as many people that can't get a house. Currently those that have the most money get the houses. How would you like to see housing allocated? Maybe a lottery - everyone in the UK draws lots to see who gets the best houses?

chucky

Kirri wrote: »

Do you know Surrey personally though? Edit - just seen your above - which areas that are ok have these 2/3 bed flats for 150k?

i never said that 2/3 beds were £150k. i said that was the average price of a flat/maisonette.

within that category there will be 2/3 beds closer to that price range. as ukcarper, i guess they're going to further out and not closer to London.

i thought that Kingston and a few of the surrounding areas were good value for proximity to London.

Mr.Brown_4

chucky wrote: »

i never said that 2/3 beds were £150k. i said that was the average price of a flat/maisonette.

within that category there will be 2/3 beds closer to that price range. as ukcarper, i guess they're going to further out and not closer to London.

i thought that Kingston and a few of the surrounding areas were good value for proximity to London.

Wriggling? Bit lame really.

Kirri

chucky wrote: »

i never said that 2/3 beds were £150k. i said that was the average price of a flat/maisonette.

within that category there will be 2/3 beds closer to that price range. as ukcarper, i guess they're going to further out and not closer to London.

i thought that Kingston and a few of the surrounding areas were good value for proximity to London.

Kingston, Surbiton more so etc are all very expensive?
Nice areas but expensive.

Emy1501

Kirri wrote: »

Is your social circle all well paid professionals though? Even a couple on 'average/normal' wage in these types of areas would struggle to raise funds to buy more than a 1 bed flat round here..

I must be reasonably close to you location wise and interest only mortgages were definitely cheaper than renting a few years ago when I looked.

I know 3 FTB couples who have bought in the last couple of years. First couple joint income about 45K bought 2 bed flat for about 150K. Second couple bought 2 bed flat for about 220K on joint income of about 60K. 3rd couple joint income about 65K and bought 3 bed semi for about £320K.

Now the areas bought are some of the cheapest in Surrey/greater london Border. One of the couples are in mid 30's so probably not far off peak of earning powers and therefore unlikely to be able to afford to have kids etc.

The point I was making was when my parents bought you could get a 3 bed terrace based on one wage in your mid 20's. When I bought you could get a 2 bed terrace for 3.5 single wage in mid 20's but we are now being told prices are affordable as couples can afford a 1 bed flat on joint wages when we are at the bottom of a cycle?

Also only one person out of all the people I'm talking about is a professional person

ukcarper

Kirri wrote: »

So Farnham or something, that far out?

and then it's ok if you work in that area I guess. I looked at moving further West but then even only going as far as Woking the train fares made it too expensive to get back to London to work.

Hundreds of people commute from this far out I did