House prices in the north

cyantist

ringo_24601 wrote: »

You could always get this, with 7 acres of shared space and tennis courts
http://www.rightmove.co.uk/property-for-sale/property-57844591.html

You can pick up 4 bed detached houses in Leeds for under £350k. There are LOADS of them. In my village in south herts, you'd need to find £575k (And that seems oddly cheap as the next available house is £700k)

I could move to Leeds and keep my salary identical... I don't want to though!

But I think 380k for a terraced house in the north that only has shared land is ridiculous! Whereas I think the 450k I paid for mine, which is easily commutable to London, is very reasonable.

Not one of the 4 bed detached houses currently available in Leeds has comparable garden and living space and is in an area where I'd actually consider living.

MyOnlyPost

£500k 5 Bed Detached http://www.rightmove.co.uk/property-for-sale/property-64474130.html

£330k 5 Bed Detached http://www.rightmove.co.uk/property-for-sale/property-58134578.html

£210k 4 Bed Detached http://www.rightmove.co.uk/property-for-sale/property-45596391.html

Cakeguts

http://www.rightmove.co.uk/property-for-sale/property-56572517.html Depends where it is in the north.

Ptolemyspuzzle

It's not all "cheap-as-chips" up North.

http://www.rightmove.co.uk/property-for-sale/property-59566151.html
£1.45m for a 4-bed semi.

It's amazing what a bit of water does (when it's contained within a hole at least)

On the whole though, yes it's a lot cheaper. You do get way more bang for your buck up here. Downside... jobs, salaries, lack of govt spending on stuff like public transport/libraries/healthcare/anything, rain, water not contained in holes, cold, lack of variety in restaurants, an overabundance of home bargains/aldi/lidl/iceland/B&M etc

Peterborough is very much not "North" :P

cwcw

People talk about "the North" as if it were one single, homogeneous entity, but that's simply not the case. I live in a large northern city where in the good areas, an average size 1930s 3 bed semi will cost between £350k - £400k, but a 20 min drive across the city and the same size house will cost a quarter of the price.

MyOnlyPost

cwcw wrote: »

People talk about "the North" as if it were one single, homogeneous entity, but that's simply not the case..

To be fair people also say "the South" in exactly the same way.

cwcw wrote: »

I live in a large northern city where in the good areas, an average size 1930s 3 bed semi will cost between £350k - £400k, but a 20 min drive across the city and the same size house will cost a quarter of the price.

You don't need to live in a big city to see these kinds of house variations. If I could pick my house up and move it 800m as the crow flies on to a different street I could double it's value. Similarly If I moved it a mile in the opposite direction I could nearly half it's value, all within a town which is 3 miles across

glasgowdan

Ptolemyspuzzle wrote: »

It's not all "cheap-as-chips" up North.

http://www.rightmove.co.uk/property-for-sale/property-59566151.html
£1.45m for a 4-bed semi.

It's hardly a typical 4 bed semi with communal gardens! http://www.rightmove.co.uk/property-for-sale/property-56365171.html

Tyler119

We live in the North West and the prices in our area have risen in the last few years. Our house was purchased in 2013 and we have done substantial works, plus a two storey extension. When all the work was completed we were told the valuation, and we were just breaking even. Fast forward a few years and comparable properties are now changing hands for around 50k to 60k more than what we spent in total.

Indications are the prices here are going to continue to rise. The key to this is the recent and continued investment that is taking place by several large companies. The local high street has the same issues are any, however a few decent new names have opened up. Plenty of new housing is being built (none really affordable), most new ones start at 250k minimum.

The local council and a development fund is attempting to kickstart private funding for a marina project that is to include to housing, restaurants etc.

I guess as others have said, you just need to pick the area that suits whatever you are looking for.

worried_jim

Doshwaster wrote: »

I'm originally from the NE but have lived at worked in the South since leaving to go to Uinversity when I was 18.

I've just had my tiny 2-bed semi valued at £215,000. My brother who still lives in the NE has just bought a brand new 5-bed detatched house for £180,000 having sold their 4 bed for £160,000.

My current retirement plan is to build up a lot of equity in my house, sell it and then buy a small place back in the NE so releasing a lot of cash so I can enjoy my later years.

The reason I haven't moved back is mainly due to work. The NE is a fantastic part of the country if you are in a stable job and have a decent income but the career opportunities are far more limited. I know (from personal experience) that if I lost my job down here I would find something else within a few weeks. I don't know anyone who is long-term unemployed and those who do find themselves out of work just take it as an excuse to go on holiday as they know they will easily find something when they get back.

I'm from Leicester (still champions) and bought my first house there in '98, £50k for a 3 bed semi. Sold it two years later for £100k and moved to Brighton to a 2 bed flat for £121k, now going for £250k

I have 11.6 years to go on the mortgage and in 12 years I'll be 55 when I shall sell up, move back, buy 4 bedroom house and another one somewhere hot and that's me done, retired. Have looked at Lincs as amazing value.

Rain_Shadow

MyOnlyPost wrote: »

You don't need to live in a big city to see these kinds of house variations. If I could pick my house up and move it 800m as the crow flies on to a different street I could double it's value. Similarly If I moved it a mile in the opposite direction I could nearly half it's value, all within a town which is 3 miles across

Same here. You could move my house a mile so that it was just inside the New Forest National Park instead of just outside and increase its value from 450 to 600 with no trouble at all.