How much is an FTB property where you live?

Spartacus_Mills

HAMISH_MCTAVISH wrote: »

:rotfl::rotfl: :rotfl: :rotfl:

A property located in UK which was valued at £200000 in Q1 of 2007, would be worth approximately £184691 in Q4 of 2009.
This is equivalent to a change of -7.65%.

Versus.......

A property located in Scotland which was valued at £200000 in Q1 of 2007, would be worth approximately £199182 in Q4 of 2009.
This is equivalent to a change of -0.41%.

http://www.nationwide.co.uk/hpi/calculator.asp



Falling like a stone????? :rolleyes:

A change of a whopping -0.41% over the last 3 years.

And whilst other parts of the UK are still lingering at 2005 prices, Scotland is now back to 2007 prices.

You may want to check your facts before subjecting yourself to public ridicule like that again.....;)

http://business.time...icle6967840.ece

A survey of homes for sale this year by FindAProperty.com, the search website, shows how the rate of house price growth is as high as 7.1 per cent in London, while average prices are 12.2 per cent down in Scotland.

Out,_Vile_Jelly

I currently live in Wimbledon. After several pages of retirement flats and shared ownership scams, I found a 1 bed newbuild flat for £161k in Raynes Park, an area which I don't know much about- one of the many dreary nothing-towns on the commuter line into Waterloo I assume.

ukcarper

Out,_Vile_Jelly wrote: »

I currently live in Wimbledon. After several pages of retirement flats and shared ownership scams, I found a 1 bed newbuild flat for £161k in Raynes Park, an area which I don't know much about- one of the many dreary nothing-towns on the commuter line into Waterloo I assume.

Do you rally live in Wimbledon and not know Raynes Park it's right next door, you could easily walk to it from Wimbledon station.

Spartacus_Mills

To answer the original question, as it is a serious question and I am not sure Hamish has deserved some of the snarky comments aimed at him in this thread.

1 Bed Flat - £70K - £75K
2 Bed Flat - £85K - £95K
2 Bed Terraced House - £80K - £100K

These are all in the rougher part of town and I personally would sooner not live in the area. That being said there is rarely trouble in these areas. They are all also entry level pricing, the minumum you would look to pay to live in my town. Therefore you can get 1 bed flats over £100K for example.

If you go into the former pit villages within a 5 mile radius then these prices come down by anything up to 40%.

My experience of prices where I live is that they fell significantly from top to trough, about 20-25% but have recovered since by at least half of that fall and now stand around 10% down from peak.

HAMISH_MCTAVISH

Spartacus_Mills wrote: »

http://business.time...icle6967840.ece

A survey of homes for sale this year by FindAProperty.com, the search website, shows how the rate of house price growth is as high as 7.1 per cent in London, while average prices are 12.2 per cent down in Scotland.

Find-a-property, much like rightmove, has almost no penetration into the Scottish Market.

The SPC groups dominate the Scottish market, and don't list very much with either as they have their own competing regional websites.

We have good data for Scotland, of actual sold prices from RoS (scottish LR), the various SPC reports, and of course the Nationwide.

All of them show that Scotland has significantly outperformed England for this crash as a whole.

lostinrates

Kirri wrote: »

It's not the time factor, it was the cost. I have commuted as I mentioned for 1.5 hrs each way before for a job.

But what you pay extra in train fares must cancel o.

I think its both, depending on circumstances. Travelling an hour and a half versus an hour is not such a huge drag if you have a SAHP, who does the lifestyle stuff: grocery shopping, kid collection, housework, laundry, cooking etc etc. If you have to do it all then that 1/2 hour twice a day takes 5 hours a week: enough for at least the washing and shopping each week: thats five hours you might be missing out on with kids, who want time, or need help with homework, or five hours sleep.....

I can't help but think its a more workable solution if only the trend to wards working from home could increase. DH's employers simply will not consider it. I feel if even only one day a week or two days a month was work from home the saving in time and improvment in lifestyle could be significant. As well as meaning a reduction in pressure on transport and roads. I doubt on that sort of scale it would be great s a green thing, transport emisions would be lower, ut heating costs higher....so...who knows.



Incidentally, I can remember as little as about 25 years ago moving ''out'' to cobham or even beyond Richmond/Surbiton ish as being considered ''a hell of a trek''.

Emy1501

Spartacus_Mills wrote: »

To answer the original question, as it is a serious question and I am not sure Hamish has deserved some of the snarky comments aimed at him in this thread.

1 Bed Flat - £70K - £75K
2 Bed Flat - £85K - £95K
2 Bed Terraced House - £80K - £100K

These are all in the rougher part of town and I personally would sooner not live in the area. That being said there is rarely trouble in these areas. They are all also entry level pricing, the minumum you would look to pay to live in my town. Therefore you can get 1 bed flats over £100K for example.

If you go into the former pit villages within a 5 mile radius then these prices come down by anything up to 40%.

My experience of prices where I live is that they fell significantly from top to trough, about 20-25% but have recovered since by at least half of that fall and now stand around 10% down from peak.

Whats the point of the thread though?

ukcarper

lostinrates wrote: »

Incidentally, I can remember as little as about 25 years ago moving ''out'' to cobham or even beyond Richmond/Surbiton ish as being considered ''a hell of a trek''.

I moved from Cobham to Surrey/Hants borders 37 years ago and the commuter trains from here were pretty full then. From my Local station Waterloo is 45mins that’s not much longer than some of the suburbs. But the season ticket is about £3k that would pay for quite a bit on a mortgage.

Sammz

HAMISH_MCTAVISH wrote: »

For Entry level properties...

Aberdeen.

1 bed flat in the city, £75K.
2 bed flat in the city, £110K.
3 bed terrace in the city, £150K

I maybe missed your reply to my previous message. Where are you finding these? I'm in a one bed flat in a not bad area and they are going for £110k.

ModernSlave

SW15 is the area
1 beds start at around 275k and 2 beds start at around 295k
go to a cheaper suburb with worse transport links and maybe take 20k off that

studios on our street go for about 220k