How much is an FTB property where you live?

lostinrates

ukcarper wrote: »

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.

I think that commuting time is great in fact. You have to also allow for transport to the station of course, and then from whatever mainline you arrive at to whereever you work. It quite frequently took me an hour (Including walk at either end) on tube between one two locations, and more when I needed a tube then a bus, then a walk. I often think its quicker to live futher out if you can't live right in. Leaving a band uncomfortably in the middle.:(

[Deleted User]

In North Herts, you're looking at:

£85k+ for 1 bed flats / £100k+ for 2 bed flats
£110k+ for 1 bed houses / £130k+ for 2 bed houses.

But that varies wildly depending on whether you're looking in Stevenage or Stotfold. Either way, for a rural home 40mins from KingsX, that's not bad going.

I gotta say though, prices are about where they were when we first bought in 2006. There's always talk of FTB affordability, but when it comes down to it, some people are just too scared to commit. I know plenty of people who are out buying new shoes every month, expensive haircuts, dining out, and in the same breath moaning about how unaffordable houses are and how they need to come down further. My sympathy for them normally runs out at that point.

lemonjelly

lostinrates wrote: »

I think that commuting time is great in fact. You have to also allow for transport to the station of course, and then from whatever mainline you arrive at to whereever you work. It quite frequently took me an hour (Including walk at either end) on tube between one two locations, and more when I needed a tube then a bus, then a walk. I often think its quicker to live futher out if you can't live right in. Leaving a band uncomfortably in the middle.:(

Disagree lir, but perhaps my perception would be different if I were around London?

Last job involved a minimum of an hours travel to/from work. Found it to be hateful (sometimes took longer). I feel that anyone should add in travelling time to their working day when they calculate how long they're working - I've previously mentioned a mate who did a 7 and a half hour day, but adding on travel meant he was doing a 13 hour day (on good days).

Now, 23 monute walk! Now that is a decent commute, green, mse, gives me thinking time. Love that!

Out,_Vile_Jelly

ukcarper wrote: »

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.

Is there any reason to, though? What's there?

I wonder how many of the "lifestyle" 1 bed apartments in the new block on the Broadway have been snapped up for £285k.

ukcarper

Out,_Vile_Jelly wrote: »

Is there any reason to, though? What's there?

I wonder how many of the "lifestyle" 1 bed apartments in the new block on the Broadway have been snapped up for £285k.

No reason really it's just that I thought you would know where it is. £285 for a flat is why I wouldnt want to live in that area it would get you a 4 bed detached where I am and it's only 40 mins away by train.

HammersFan

SE Derbyshire

2-bed terrace, in OK area about 95k. Three-bed semi around the 135-140 mark. Good 3-bed detached, on smallish plot starting at around 155k.

Which helps to explain why people are still buying around here.

BitterAndTwisted

OK, I'll play.

London N17:
1-bed "apartment" with sleeping area so I dunno whether it's a studio or a 1-bed flat £105K
2-bed flat £142k
2-bed mid-terrace £170K
3-bed terrace £185k

London N15:
1-bed flat £130K
2-bed flat £150k
2-bed terrace £225k
3-bed terrace £229k

These are the cheapest properties I could find and I suspect that all of the flats, bar the "apartment" are ex-LA.

There would be no point in factoring in a 45-minute commute from these post-codes as that would take you to MUCH more desirable and expensive areas in all directions. Hell, a 15-minute bus-ride would. There are some lovely, large Victorian houses here but the main deterrent, apart from the crime would be the schools, which are poor to really dire.

Entertainer

HAMISH_MCTAVISH wrote: »

Thanks for that, so the cheapest one bed in London in an acceptable area is around 150K, and as posted earlier, the cheapest in a bad area is around 100K.

So far in this thread, London and the surrounding area is the only area where FTB property prices seem to be at or above the 133K figure used by the Halifax to measure affordability by area.

Does anyone have any other examples?

No. £140k will get you a 1 bed Victorian terrace conversion flat in parts of South and East London, what are basically crap postcodes but acceptable to live in (it's all relative, many people would hate it). A 1 bed in a decent area is more like 200.

baileysbattlebus

In our area - not far from Reading - these are all with a couple of miles of our house.

The cheapest flat is a 2 bed for £140k - but it has only 50 years left on the lease - so I'm not sure if it would be mortgagable - the cost to take the lease to 125 years is £20k

The cheapest 1 bed flat (not retirement flats) is £145k -

Then 2 bed flat - £150k - again shortish lease -

cheapest 2 bed flat with no lease issues £160k

cheapest 2 bed house (mid terrace) £193k

cheapest 3 bed house (mid terrace) £191.5k (ex LA) on street parking

cheapest 3 bed house not LA (mid terrace) £200k - no drive - garage in a block

To rent

cheapest 1 bed flat - £600pcm

cheapest 2 bed flat - £750pcm

cheapest 2 bed house - £795pcm

cheapest 3 bed house - £775pcm

b0rker

By refusing to move to less salubrious areas these potential first time buyers are only stoking the HPI fire. The more desirebale properties in the more desireable areas are getting more and more desireable and therefore more and more expensive. The desire not to live in the less attractive areas is only proving to make these areas less and less desireable as no one with a higher income than those who already live there are prepared to live there. We bought in an area that would probably be considered Inverness' 2nd least attractive area. I have had less trouble here than when I lived in what would be considered a very nice place to live in Inverness. In fact all of my close neighbours are pretty much sound. It is total heresay and paranoid snobbery that causes a lot of these rumours.

A lot of the supposed first time buyers on this site are not traditional first time buyers who are prepared to get on the ladder at the bottom rung. These are the 50" plasma/LCD brigade who want a detached 3 bedroom with private parking/double garage...

Meanwhile there is no one to move into the less desireable areas and renovate them so that they are not so undesireable anymore... Those desireable locations are getting more and more out of reach due to all this extra demand.

There is no lack of supply for reasonably priced housing but there is a massive abundance of snobs who know they deserve better as Mummy says so!