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Anything wrong with that house?

24

Comments

  • For me it’s the garden, that wouldn’t appeal to me at all. Seems very expensive too.
  • ProDave
    ProDave Posts: 3,785 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    London prices.

    You do realise for less than that, you could buy my 5 bedroom, 3 bathroom, detached with double garage in just over 1/4 acre garden. And it currently runs as a B&B so it's a business as well as a home.

    Oh and that's a corner house, not strictly a terrace, though I guess like mid terrave you share walls with 2 other houses.
  • PhilE
    PhilE Posts: 566 Forumite
    That crack above the porch is something you'd have to keep an eye on. Any cracks to the inside or outside of the porch?

    Ultimately, only a surveyor or builder who knows his stuff can access the crack for you. I'd want a surveyor to look at it, and acertain if this is any other signs of movement. That would be other cracks, sloping floors.

    Wouldn't recommend that area though, proper chav town.

    If you look around Ealing on a weekend night, you'll see the chavs and chavettes from that area descend on Ealing en masse. Its turned a good area into a violent rubbish tip.
  • If you go down to the woods today you better not go alone.
  • Seems really overpriced compared to what's under offer / sold.
    I know it's been made over but one within half a mile of this one is under offer and was on at 300k. Improvements won't be worth the extra 50k price tag
    Current Mortgage 01.10.17 £113,513.88
    MFW Start Mortgage: £114,794.64
    Current MED: 2036:eek: Target MED: 2026 ;)
    Overpayment Target for remainder of 2017: £2,000
    Mortgage overpayment savings: £684.80
    MFW No 124 :money:
  • ProDave wrote: »
    London prices.

    You do realise for less than that, you could buy my 5 bedroom, 3 bathroom, detached with double garage in just over 1/4 acre garden. And it currently runs as a B&B so it's a business as well as a home.

    Which is fine, but if he lived in your part of the country his salary probably wouldn't allow him to get a mortgage anywhere close to that.
  • Which is fine, but if he lived in your part of the country his salary probably wouldn't allow him to get a mortgage anywhere close to that.

    The premium on London property is much higher than the premium on wages.

    Median wage in London is £692 p/w compared to £550 for the UK as a whole and just under £500 for the 'poorest' areas.

    The difference in the income required to buy say, a 2 bed terraced or 3 bed semi in London compared to the poorest areas is much greater.
  • ProDave
    ProDave Posts: 3,785 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    Which is fine, but if he lived in your part of the country his salary probably wouldn't allow him to get a mortgage anywhere close to that.
    I wasn't suggesting my 5 bedroom house was a first time buyers property. They start for about £70K here. Even with our lower wages, even someone on minimum wage could get a mortgage to buy a £70K house.

    It used to be said you could sell a 3 bed semi in London and buy a big detached house in the Highland. It now seems you can do that by selling a 1 bed terrace in London.
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    ProDave wrote: »
    I wasn't suggesting my 5 bedroom house was a first time buyers property. They start for about £70K here. Even with our lower wages, even someone on minimum wage could get a mortgage to buy a £70K house.

    It used to be said you could sell a 3 bed semi in London and buy a big detached house in the Highland. It now seems you can do that by selling a 1 bed terrace in London.

    A lot of people aren't intelligent enough to realise that although a job in London pays more than it does in other parts of the country the pay doesn't mean that it makes it affordable for them to live in London.
  • Cakeguts wrote: »
    A lot of people aren't intelligent enough to realise that although a job in London pays more than it does in other parts of the country the pay doesn't mean that it makes it affordable for them to live in London.

    Indeed. A family member of mine was offered a substantial pay rise to relocate to London (nearly double), but when they started looking for somewhere to live they realised that it still wasn't going to be enough to give them the same quality of life they already had where they were, nevermind any better!
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