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ukcarper

lisyloo wrote: »

can you name some towns or provide some links to £65k flats in reasonable areas?
I'm sceptical but open to reviewing the evidence if it's provided.

The reason I'm sceptical is that I'd expect London commuter flats in reasonable areas to be priced much more highly.

I wouldn't consider flats 2hrs+ from London commuter flats.

lisyloo

Sorry I'm not just going to take your word for it that there are decent habitable flats in areas of employment for £65k.
You've made your point and i've said I'm open to reviewing if the evidence is presented and I think that's very fair but I'm not prepared to take your word for it when it defies all supply/demand logic.

My reasons are simply market forces.
In reasonable areas where people want to live prices are driven by high demand and BTL.
I can only speculate but mostly cheap flats are in not so nice areas or have bad transport links or something that makes them undesireable. In reasonable areas where people want to live, prices are higher than that.

Odd that neither you nor Matthew can back it up.

wotsthat

OK part of town; 15 mins walk to station

http://www.rightmove.co.uk/property-for-sale/property-36557154.html

20 minutes walk to the station

http://www.rightmove.co.uk/property-for-sale/property-36857046.html

Or if money is tight what about £30k in a not so nice part of town and a 35 minute walk to the station?

http://www.rightmove.co.uk/property-for-sale/property-37719360.html

The first two are perfectly reasonable places to live especially if you're going to be commuting for 4 hours per day.

Does your £450k flat differ that much?

Like I say one of the reasons it's worth £450k is relatively few are up for spending 3 - 4 hours in a door to door commute. If you're young then one of the perks of a London job is getting to live in London - may as well spend that £9k season ticket on a flat share, develop a career and move on.

Judging by how young London is I guess that's what happens.

ukcarper

lisyloo wrote: »

Sorry I'm not just going to take your word for it that there are decent habitable flats in areas of employment for £65k.
You've made your point and i've said I'm open to reviewing if the evidence is presented and I think that's very fair but I'm not prepared to take your word for it when it defies all supply/demand logic.

My reasons are simply market forces.
In reasonable areas where people want to live prices are driven by high demand and BTL.
I can only speculate but mostly cheap flats are in not so nice areas or have bad transport links or something that makes them undesireable. In reasonable areas where people want to live, prices are higher than that.

Odd that neither you nor Matthew can back it up.

The OP did not say his flat was in commuting distance of London and as been shown it is possible to get flats for that price 2hrs from London. Now I commuted all my life but I would draw the line at 2hrs + travelling within London, not to mention the £140 a day train fair.

System

That's why its cheaper, on the edge of computability, some do but a yearly season ticket costs 6k, so before tax and NI I'd have to earn 9k on top of what I currently do just to break even (more if you considered tax credits) - which isn't going to happen, even if you did earn enough, losing 4hours+ a day is a very heavy price to pay.

Also flat is top floor, street is gangland, town is depressed with mainly only gov and retail jobs

Really if someone can afford to live in London, they probably could sell and retire earlier here /further afield

System

Don't want to say where I live on tinternet, but yea, prices crash when reasonable commutability fails, London does have an effect on us, but reduced

lisyloo

The first one looks quite nice to me, so I have no issue with the flat itself.
The major difference is that London has loads of middle/high paid jobs.
I put my job title in for Derby and got zero matches - now that would be a big problem for me.
i didn't find much when I googled for main areas of employment in Derby, but my limited research shows that employment prospects (certainly for my area) are the major issue.

lisyloo

ukcarper wrote: »

The OP did not say his flat was in commuting distance of London and as been shown it is possible to get flats for that price 2hrs from London. Now I commuted all my life but I would draw the line at 2hrs + travelling within London, not to mention the £140 a day train fair.

No he didn't I did, because some people consider 2 hours to be commutable especially if they only need to be in the office 2 days a week and can work from home.

Personally like you I'm not keen on it, but some people do it.
I specifically said for people that don't have to be in the office every day, which is a lot of back office staff.

System

We do get some commuters, but the price and the time are serious deterrents, and as you say, it'd only be for the better jobs, so that rules out a lot of the population

Some people I know are able to work from home now, thanks to technology. Really there's no overall need for cities or even towns anymore - or at least in the future

System

Compared to other places its expensive where I live...