Is this a typical starter house?

WorriedBorrower
WorriedBorrower Posts: 17 Forumite
edited 29 April 2014 at 5:26PM in Mortgages & endowments
Would a 50's semi-detached 3 beds with 90 sq meters considered a starter home? I always hear this term, starter-home or first time buyer home, but not sure what would be one. Is it denoted by price or size?

Ok, let me rephrase it then. Is house like that, considered average, small, big here in England? I generally find the houses here in England (home counties, at least) smaller than in the Continent (the mid-range price ones, 300k, 400k).

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    In my book, a starter home would be a studio or a 1-bed; a cluster house or a flat.

    A 3 bed semi is what people get when they've "arrived".
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Would a 50's semi-detached 3 beds with 90 sq meters considered a starter home? I always hear this term, starter-home or first time buyer home, but not sure what would be one. Is it denoted by price or size?

    Ok, let me rephrase it then. Is house like that, considered average, small, big here in England? I generally find the houses here in England (home counties, at least) smaller than in the Continent (the mid-range price ones, 300k, 400k).
    I'd say it's an average house. If it were a first time buyer home then it needs to be cheap (relative to other homes in the area) as someone starting out will most probably not be on their highest salary of their career yet.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Starter home could be merely a studio flat.

    Price merely reflects the market in what somebody is prepared to pay for it. Doesn't reflect size necessarily. Could simply be location and uniqueness.

    Size is more to do with personal taste and requirements. Also snob value for many.

    Having owned a large house for nearly 20 years. I don't miss it at all. After all you only be in one room at a time. ;)
  • sulphate
    sulphate Posts: 1,235 Forumite
    The house you describe sounds like the average home to me :D

    We bought our first house last year and it's a 2 bed Victorian end of terrace, I consider it a good example of a starter home. Depends on your salary/aspirations etc though, two of my friends just bought a huge 4 bed detached for their first house, but I wouldn't fancy the size of their mortgage :p
  • https://en.wikipedia.org/wiki/Starter_home
    A starter home or starter house is a house that is usually the first which a person or family can afford to purchase, often using a combination of savings and mortgage financing. In the real estate industry the term commonly denotes small one- or two-bedroom houses, often older homes but sometimes low-cost new developments.

    Housing in England is dire compared to the majority of the developed world, especially America, but even in Europe (France, Germany, Sweden) houses are ~50% bigger. A 90 square meter 3 bedroom house is fairly standard in England (everyone I know grew up in a house around that size) but if you were to live in America that sort of house size is reserved for those living in poverty.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.8K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.8K Work, Benefits & Business
  • 619.6K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.