Housing in South West now 11.6x average salary

Conrad

Graham_Devon wrote: »

You see value in the first £110k "house"?

The sofa is in the kitchen.

I love how it calls one room the living area, breakfast room AND lounge. Very clever.

Not even a postage stamp of a garden.

Ok, here's another of thousands at decent prices;





Offers in Region of £149,950
3 bedroom terraced house for sale Falmouth

*** TRY AN OFFER *** Set amongst beautifully landscaped grounds is priced to sell.

Conrad

£149,950
3 bedroom terraced house for sale Falmouth

Offering some potential for improvement this 3 bedrrom terraced home is located within a mile of Falmouth town centre and benefits from gas central heating and double glazing. The property may be suitable as a family or investment home and offers will be consid

MrRee_2

Plenty of FTB house in the SW for around £100,000 .....

If the average wage of a FTB there is, say, £25,000 each ... assuming 2 earners, as is usual, then it is a very reasonable 2x Joint.

I can tell you that I needed to borrow more than 2x joint when I bought a house in the early 1970's!!

FTB's have never had it better ... of course, I didn't demand the latest mobile phone, TV and car in those days - we lived within our means!

Conrad

MrRee wrote: »

Plenty of FTB house in the SW for around £100,000 .....

If the average wage of a FTB there is, say, £25,000 each ... assuming 2 earners, as is usual, then it is a very reasonable 2x Joint.

I can tell you that I needed to borrow more than 2x joint when I bought a house in the early 1970's!!

FTB's have never had it better ... of course, I didn't demand the latest mobile phone, TV and car in those days - we lived within our means!

Pessimists for some very odd reason cannot see beyond their reality tunnel, they just cant streetttch those brains.

As I say my four young FTB cousins had no issue at all finding places near Truro and Redruth. As you point out joint salaries are the norm, and yes somehowor we dont all get repossessed when those pesky kids are born despite the grave portending the bears paint for us of a future mired in affordability problems.

Conrad

Imagine a ftb having to put up with this slum for £140,000




£139,950
2 bedroom house for sale Flushing, Falmouth, Cornwall

Miller Countrywide are pleased to offer for sale this end of terrace one/two bedroom home enjoying elevated views towards Penryn River, across to Greenbank Quay and into Falmouth town beyond. Benefits include partial double glazing, open-plan kitchen/living space and elevated front garden.

FTBFun

Graham_Devon wrote: »

You see value in the first £110k "house"?

The sofa is in the kitchen.

I love how it calls one room the living area, breakfast room AND lounge. Very clever.

Not even a postage stamp of a garden.

The 2 bed in Redruth doesn't look too bad to me. About the same size as my brother's 2 bed in Hampshire.

You do mean this one?

http://www.rightmove.co.uk/property-for-sale/property-19452882.html

Conrad

Graham_Devon wrote: »

I was just asking if you seriously see value in that first 1 bed house, up for 110k. Bet you wou;dn't buy it to live in, but then your alright ta very much jack

Homing in on one property when you must full well know there are plenty of decent affordable homes in the area, is a diversionary tactic - I predicted to myself you would do this as you used this tactic last time I posted up property to dispell your myths - you recall you focused in on one concrete property and used this to discredit my evidence even thoug nI posted up many other perfectly decent AFFORDABLE properties.

See Graham, this is why I bang on about your deliberate fact filtering to suit you immovable static world view.

You just filter out evidence that does not fit - this is known to Psychologists as Hedghog like behavior - that is to say, Hedgehogs know only one big thing - to get accross that road to that food the other side in a straight line (and get run over in the process), whereas a Fox knows there are many different things to know and that ones approach depends on the circumstances - the approach / view is fluid not fixed.

In a nutshell, there is sh1tload of affordable property in the SW.

doire_2

Conrad wrote: »

Values seem pretty reasonable to me - incidentaly I have 4 young cousins down there none of whom had any issue buying a home.



Offers in Excess of £110,000
2 bedroom terraced house for sale Redruth, Cornwall

Located close to redruth town is this two bedroom, terraced house. Allocated parking space front and rear gardens, ideal investment opportunity or first time buyer. (9.2 miles from station)



Offers in Excess of £140,000
3 bedroom terraced house for sale Four Lanes, Redruth, Cornwall

Excellent opportunity to purchase a three bedroom property in the semi-rural village of Four Lanes close to local amenities and with good transport links. The property benefits from contemporary living accommodation and has been finished to a high standard. (contd...) (8.8 miles from station)



£110,000
1 bedroom house for sale Penryn, Cornwall

NO ONWARD CHAIN!! Miller Countrywide are delighted to offer this one bedroom, end of terrace house, situated in the heart of Penryn in an area favoured particularly by first time and investment buyers. (contd...) (2.6 miles from station



£110,000
1 bedroom house for sale St Day Road, Redruth, TR15

This is a one bedroom terraced cottage which is conveniently situated for Redruth town centre. The property comprises of a lounge and kitchen on the ground floor with the bedroom and bathroom on the first floor. (9.3 miles from station)




http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=STATION%5E3398&minPrice=80000&maxPrice=110000&radius=10.0

1 bed, 2 bed. And if you have kids what happens?

Pobby

Have you guys ever been to Redruth. It`s `orribe, run down and scruffy not unlike it`s sister town Camborne. Oh to be stuck in Penryn. Falmouth is OKish but not that wonderful and what would you do for a job? I remember an ad saying fudge packers wanted. Imagine what mirth that would cause if asked what your job was in the pub.

I lived in Looe. Very pretty but ghastly in the winter, nothing open. Can`t move in the summer.

lostinrates

Really2 wrote: »

From what I see the SW is retirement central.

There are many versions of the town I used to live in (average age 55) The young are not going to compete with people retiring there TBH.
I just shipped out

A) I wanted to bring a child up in an area with lots of other children, not a SAGA town.
I could get more for my money just moving ten miles or so away.


I should imagine the SW is as a main very much like any area where people like to retire to.
It has pretty villages people want to live in they become prohibitively expensive, these push up the average prices greatly.

There are cheaper less desirable areas, but the young don't really want to move to them.

I think this is a difference between previous generations, people of my parents age would move 20 miles+away to get housing, and that was a time when traveling was not as easy or reliable.
Now there seems to be a swell towards that you should not have to move.
I am not saying that is a bad thing, but the reality will always be that houses in the most desirable areas will always go to the richest.

The only way that will change is if the younger stop trying to compete and just leave the towns to it. Gradually they will go down hill as they have an unsustainable population and will fall over time.

Its true, there are a lot pof God's waiting rooms in the SW, but its also home to Bristol which is a very ''young'' vibrant city, with pockets of wealth and deprivation both, and Bath, another pretty vibrant place. Plus of course, all the other cities and Uni towns. The south coast uni towns are extremely vibrant and have both rich retirees and student life: including some of the most expensive areas to live in because they are on the sea, with the ''shopping/dining/cultural'' needs met for the wealthy and still very vibrant.

You also get a lot of weekend commuters (like dh). The less extreme sw changed in my adult life time as the Cotswolds got just too expensive for would be weekenders and places in Dorset and parts of somerset just exploded in popularity. You get fair numbers of daily to London commuters from these places, by car and by rail. There is a heavy concentration of public independant schools with boarding traditions that also take day pupils down here too which appeal to this type of SW occupant...whether full time or weekenders.


So, yes, there are old towns and villages, but its not accurate to describe the whole region as mainly retired I don't think. But I do agree with the statement there are cheaper less desirable places, happily they are fewer in number as they have been subject to regeneration projects or overspill from other desirable areas, sadly, this pushes the price up in the region more for the young locals.


Its also a pretty diverse region.....I'm at the opposite tip of it from Pastures New...and thatfeels further from me than anywhere else in the south, or places like Birmingham, because up at this end we have excellent communications and the potential that brings for ''vibrancy'' to put it pretty near to the optimal postion for communications to the south east and northwards: its a good place for businesses and sevice providers.