Unbelievable prices

Reds-on-Sea

I guess it's all relative, but that doesn't sound expensive to me at all. And those lucky people in the SW, £90+, would barely get a 1 bed flat for that where I am (Southend-on-Sea) Do the wages in different parts of the country really reflect house prices? Would people in the SW have as much trouble getting a mortgage as the equivalent in the SE?

dannyboycey

That house is asking to be done up properly and could look great. £170k - I suspect that this is a little over what similar houses in the area go for, because believe it or not, bad decor can actually ADD to a property's value!!

wymondham

that does seem very expensive! - always wondered if flat screen TV's ever melt above firepalces???

BiggaThanBen

overlander wrote: »

It will in 6 months.

45% in 6 months ? I don't think so ..

epsilondraconis

Dan: wrote: »

there's bound to be a mug out there somewhere...

I know where...

http://forums.moneysavingexpert.com/showthread.html?t=996513

boyse7en

Reds-on-Sea wrote: »

I guess it's all relative, but that doesn't sound expensive to me at all. And those lucky people in the SW, £90+, would barely get a 1 bed flat for that where I am (Southend-on-Sea) Do the wages in different parts of the country really reflect house prices? Would people in the SW have as much trouble getting a mortgage as the equivalent in the SE?

Depends where you count as SW. Try and get anything in Devon or Cornwall for £90k, even now.
And they are some of the lowest income counties in the UK, wages are well below the national average.

lostinrates

izzybusy23 wrote: »

I live in Gloucester, right on the edge of the Cotswolds and for a house like that here down in the South West are going for £90k+.

I am in complete agreement with you.. completely shocking prices for such a dingy hole.

But Gloucester has always been slightly lower than the rest of the county and certainly than the heart of the Cotswolds! As I say, I can't remember having been to Bedford, my I imagine its fairly commutable to London, so even thouh that isnt a dream commuter home, the fact its in the SE will presumably be pushing prices up for other houses too. Its less dear than places I've seen in other home counties

baileysbattlebus

The Bedford property is on a par with low end price terraces here - we live near Reading - all you'd get here for 90k is 50% shared ownership on a 2 bed flat, sorry apartment.

Reading is an easy, if uncomfortable and expensive, commute on the train to London, but plenty do it.

Prices are all relative - what will get you a 2 bed terrace in one part of the country will get you a 4 bed detached in another - it's always been the same and I don't suppose for a minute a price crash will change that.

Sapphire

I've no idea what the prices are in the area, but it looks to me as though it is mainly superficial stuff like decoration that is the problem with the property. It isn't my type of property at all, looking at it from the outside, since I don't want to live in a home that was built after about 1930 (at the very latest).

However, I actually like to buy a (period) property that is in an 'original' state, however shabby, and then do it up myself. That's what I did in the place I have now. Much, much better than buying something with its character totally destroyed by being IKEAised and B&Qd. :cool:

overlander

BiggaThanBen wrote: »

45% in 6 months ? I don't think so ..

Where did 45% come from?