How much is an FTB property where you live?

jackieb

My son is 25. He's saving for a deposit. He could easily afford a mortgage just now but he wants to save for as big a deposit as he can. He doesn't want a flat. He wants somewhere he can live for a few years at the very least. He doesn't really want to go over £130k for his first house - although quite a few of his peers live in £250k+ houses. He could quite easily get something for around £80k, but he wants somewhere half decent. We're in Aberdeenshire.

HAMISH_MCTAVISH

amcluesent wrote: »

Peterborough has this one-bedder on at £55K. The area is 'diverse', shall we say.

Fair enough.

So what would be the next step up form that?

In an area where you'd still have a car in the morning?;)

jackieb

I think this is a possible FTB house. It's ex-council but in a good area. They always sell well. http://www.masson-glennie.co.uk/uploads/mgf00469/mgf00469.pdf

abaxas

How about this 3 bedder withint 25 miles of me.

http://www.rightmove.co.uk/property-for-sale/property-27333491.html?locationIdentifier=REGION^22290&insId=2&sortByPriceDescending=false&displayPropertyType=flats&primaryDisplayPropertyType=flats&radius=30.0&oldDisplayPropertyType=flats&oldPrimaryDisplayPropertyType=flats&pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E22290%26insId%3D2%26sortByPriceDescending%3Dfalse%26primaryDisplayPropertyType%3Dflats%26radius%3D30.0



I suppose I could live there. But, Dignitas offers a better overall quality of life.

HAMISH_MCTAVISH

jackieb wrote: »

My son is 25. He's saving for a deposit. He could easily afford a mortgage just now but he wants to save for as big a deposit as he can. He doesn't want a flat. He wants somewhere he can live for a few years at the very least. He doesn't really want to go over £130k for his first house - although quite a few of his peers live in £250k+ houses. He could quite easily get something for around £80k, but he wants somewhere half decent. We're in Aberdeenshire.

Thanks jackieb, is you son at home just now, or in rented? What kind of place would he be looking at for 80K, and for 130K?

Cleaver

boomerangs wrote: »

Not to worry, I'm sure Hamish McTroll will advance you a few quid if you need it. :rotfl:

Hamish isn't a troll. He has strong opinions and posts lots and lots of articles. I suspect you call him a troll because you don't agree with a lot of what he says and this is the easiest way for you to engage with him.

HAMISH_MCTAVISH

abaxas wrote: »

How about this 3 bedder withint 25 miles of me.

I suppose I could live there. But, Dignitas offers a better overall quality of life.

Well, as it's only £16,000, I would suppose you could get something a whole lot better for a lot less than the 400K you were stating earlier.....

Seriously, what is the cheapest, entry level, "non-suicide-inspiring" place within 45 minutes of you?

It's not a trick question. Genuinely interested.

jackieb

HAMISH_MCTAVISH wrote: »

Thanks jackieb, is you son at home just now, or in rented? What kind of place would he be looking at for 80K, and for 130K?

He's at home.

He could get a flat for £80k or an ex-council house in not such a good area - which he doesn't want.
Here's a flat for £80k. http://www.brown-mcrae.co.uk/portal/schedules/schedule62.pdf

He wants somewhere to park - not necessarily a garage, so the house in the other link would be okay for him.

He could get a bigger mortgage as he has a good job and salary - but he doesn't want to overstretch himself.

abaxas

HAMISH_MCTAVISH wrote: »

Well, as it's only £16,000, I would suppose you could get something a whole lot better for a lot less than the 400K you were stating earlier.....

Seriously, what is the cheapest, entry level, "non-suicide-inspiring" place within 45 minutes of you?

It's not a trick question. Genuinely interested.

Impossible to find.

Too much rent as you buy, or part buy crap getting in the way.

Cleaver

abaxas wrote: »

How about this 3 bedder withint 25 miles of me.

http://www.rightmove.co.uk/property-for-sale/property-27333491.html?locationIdentifier=REGION^22290&insId=2&sortByPriceDescending=false&displayPropertyType=flats&primaryDisplayPropertyType=flats&radius=30.0&oldDisplayPropertyType=flats&oldPrimaryDisplayPropertyType=flats&pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E22290%26insId%3D2%26sortByPriceDescending%3Dfalse%26primaryDisplayPropertyType%3Dflats%26radius%3D30.0



I suppose I could live there. But, Dignitas offers a better overall quality of life.

In the same area you could buy this place which is an okay looking 3-bed semi for £99k.



I'd be quite happy with that as a FTBer and seems a decent price. I think any property for £15k in this day and age will be awful.