How much is an FTB property where you live?

Mr.Brown_4

HAMISH_MCTAVISH wrote: »

Thats nice.

So how much are these properties, and which area?

Are you planning a move? I would no more tell you my area than give my credit card details to someone begging on the street.

PasturesNew

phil_b wrote: »

Some people seem unwilling to travel more than 30 miliseconds from where they currently live or work, so they reckon there isnt anything even remotely affordable. Bit daft really.

When I buy a house it will be 2-3 miles MAX to where my job is.

With public transport non existant in most areas, certainly going from your door to work and back - and with public transport costing a lot and being unreliable where it does exist, it's often simply not feasible to live a long way from your job because if your car breaks down you can't get to work at all, so would be sacked.

I used to travel 50 miles across the county to work each morning, in the car. I'd have needed a new car every 3 years to keep that up - and if it ever had broken down I'd have been stranded with the car at one end of the county, me at the other, not easy to get it to a garage, or to find the money to fix it (because all my money was going into the cost of travelling).

It's a time/cost game.

Bootski

Mr.Brown wrote: »

Are you planning a move? I would no more tell you my area than give my credit card details to someone begging on the street.

Well, Mr Brown, If you won't tell Hamish, would you tell me.???

I swear I'll not say a word!;) Where are you?

Mr.Brown_4

Bootski wrote: »

Well, Mr Brown, If you won't tell Hamish, would you tell me.???

I swear I'll not say a word!;) Where are you?

Ok then, but not a word to anyone. I'm south of where Hamish claims to live.

HAMISH_MCTAVISH

PasturesNew wrote: »

Median wage in 2009 is £16,018

Probably worth pointing out that includes part timers.

The full time median wage for Cornwall is £21,000. And a full time job would normally be a pre-requisite for a mortgage.

Which would put those 70K to 80K 1 and 2 bed flats just within range of a single person at reasonable lending multiples, and comfortably within range of a couple.

ukcarper

Emy1501 wrote: »

Where I am in Surrey

One Bed about £100K
two Bed about £150K
3 bed terrace about £200K

For something worth actually living in you can add about 10% to the above prices.

I live in Surrey and it's about the same where I am. Prices vary a lot in Surrey where I was born still in Surrey you could add 75% to those figures

HAMISH_MCTAVISH

Kirri wrote: »

Prices now are much lower obviously, cheapest 1 bed on Right Move today (ie all separate kitchen, living room and bedroom non high rise but typical 70's style block of flats) showing up at 150k (most 1 beds are more than this however, tend to be 160-170k). This is an ok but not great area of London.

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?

Bootski

Mr.Brown wrote: »

Ok then, but not a word to anyone. I'm south of where Hamish claims to live.

Ok! Not sure where that is but are you south of Hadrian's wall?:o

Or the Angel of the North?:o

The Watford Gap?:cool:

North Circular?:eek:

HAMISH_MCTAVISH

Mr.Brown wrote: »

Ok then, but not a word to anyone. I'm south of where Hamish claims to live.

In other words, you have no intention of contributing to this debate because you don't like the facts presented so far, as they don't support your views.

sjaypink

HAMISH_MCTAVISH wrote: »

Probably worth pointing out that includes part timers.

Not really if we've already established the work is largely PT/ agency/ seasonal :rolleyes:

And yes, isn't it great that those average earners are 'just within reach' of 1 or 2 bed flats... after they've fallen 30%