London house prices?
Discussion
gizlaroc said:
Caravan site in Middlesborough??
Middlesbrough, thanks.And just outside of Middlesbrough, there are 5 bedroom detached mansions with acres of land and double garages for not much more than £400,000...
Or alternatively a nice 4 bedroom detached family house with a garage for £200,000 and a bit of change. No traffic, lovely countryside and decent people... You can keep that dwn wiv da kids dat der London to yourself. Cheers.
McFsC said:
Middlesbrough, thanks.
And just outside of Middlesbrough, there are 5 bedroom detached mansions with acres of land and double garages for not much more than £400,000...
Or alternatively a nice 4 bedroom detached family house with a garage for £200,000 and a bit of change. No traffic, lovely countryside and decent people... You can keep that dwn wiv da kids dat der London to yourself. Cheers.
So, where are you from then?? And just outside of Middlesbrough, there are 5 bedroom detached mansions with acres of land and double garages for not much more than £400,000...
Or alternatively a nice 4 bedroom detached family house with a garage for £200,000 and a bit of change. No traffic, lovely countryside and decent people... You can keep that dwn wiv da kids dat der London to yourself. Cheers.
Some lovely villages nearby - Great Ayton, Crathone, Hutton Rudby, Osmotherley. The North York Moors are on your doorstep.
However, Middlesbrough itself is urban decay personified (or was the last time I went there). It felt like it had dropped off the face of prosperity and had passed the point of no return.
However, Middlesbrough itself is urban decay personified (or was the last time I went there). It felt like it had dropped off the face of prosperity and had passed the point of no return.
scenario8 said:
Lord, is that still on the market? I recall it being discussed yonks ago.
I think I posted it, some comments on the excellent downpipe cofiguration and why a Middlesborough football player hadn't snapped it up.They look like they might make the premier league so perhaps they have looked elsewhere.
http://www.rightmove.co.uk/property-for-sale/prope...
That's just round the corner from the place we sold this time last year. Places like that, in that location, don't seem to stick around long (and have gone up by £100k in the last 18 months) although the ones that have been extended into the roof don't seem to be worth much more. After a period of stagnation between 2007-10 the market seems to be extremely buoyant. Ours went before it had even hit Rightmove- and when that sale fell through it sold again within an hour or so of the first viewing.
We loved Kingston- it was great to be able to walk to restaurants, the river and the cinema, we had Richmond Park on our doorstep and there were several superstores nearby. We also spent six years making full use of the West End and the huge number of gig venues within easy reach. Trouble is, despite both being on a decent wage, it became increasingly clear that we wouldn't be able to afford anything bigger as prices were moving faster than we could save. So when I was offered a job in Cambridgeshire it was with some sadness that we decided to join the exodus, leaving our two bed semi for a five bed detached house in Bedfordshire- all done without extending the mortgage. I don't regret it (although sometimes I miss the postage stamp garden when I have to mow our new lawn) but we do miss Kingston still.
I must admit though, I have no idea how people can justify spending over half a million quid on a tiny place like ours. What happens when, like us, you want to start a family?
That's just round the corner from the place we sold this time last year. Places like that, in that location, don't seem to stick around long (and have gone up by £100k in the last 18 months) although the ones that have been extended into the roof don't seem to be worth much more. After a period of stagnation between 2007-10 the market seems to be extremely buoyant. Ours went before it had even hit Rightmove- and when that sale fell through it sold again within an hour or so of the first viewing.
We loved Kingston- it was great to be able to walk to restaurants, the river and the cinema, we had Richmond Park on our doorstep and there were several superstores nearby. We also spent six years making full use of the West End and the huge number of gig venues within easy reach. Trouble is, despite both being on a decent wage, it became increasingly clear that we wouldn't be able to afford anything bigger as prices were moving faster than we could save. So when I was offered a job in Cambridgeshire it was with some sadness that we decided to join the exodus, leaving our two bed semi for a five bed detached house in Bedfordshire- all done without extending the mortgage. I don't regret it (although sometimes I miss the postage stamp garden when I have to mow our new lawn) but we do miss Kingston still.
I must admit though, I have no idea how people can justify spending over half a million quid on a tiny place like ours. What happens when, like us, you want to start a family?
Adam B said:
AyBee said:
There's a development in Putney near me that first offered to pay the stamp duty as a Black Friday deal - that offer is still there, but then it is a c.£900k 2-bed 
pfff bargain http://www.rightmove.co.uk/new-homes-for-sale/prop...
My example was Tileman house, practically next door to this development I think...Alfa numeric said:
http://www.rightmove.co.uk/property-for-sale/prope...
That's just round the corner from the place we sold this time last year. Places like that, in that location, don't seem to stick around long (and have gone up by £100k in the last 18 months) although the ones that have been extended into the roof don't seem to be worth much more. After a period of stagnation between 2007-10 the market seems to be extremely buoyant. Ours went before it had even hit Rightmove- and when that sale fell through it sold again within an hour or so of the first viewing.
We loved Kingston- it was great to be able to walk to restaurants, the river and the cinema, we had Richmond Park on our doorstep and there were several superstores nearby. We also spent six years making full use of the West End and the huge number of gig venues within easy reach. Trouble is, despite both being on a decent wage, it became increasingly clear that we wouldn't be able to afford anything bigger as prices were moving faster than we could save. So when I was offered a job in Cambridgeshire it was with some sadness that we decided to join the exodus, leaving our two bed semi for a five bed detached house in Bedfordshire- all done without extending the mortgage. I don't regret it (although sometimes I miss the postage stamp garden when I have to mow our new lawn) but we do miss Kingston still.
I must admit though, I have no idea how people can justify spending over half a million quid on a tiny place like ours. What happens when, like us, you want to start a family?
0ver 500k for that is just my idea of depression....That's just round the corner from the place we sold this time last year. Places like that, in that location, don't seem to stick around long (and have gone up by £100k in the last 18 months) although the ones that have been extended into the roof don't seem to be worth much more. After a period of stagnation between 2007-10 the market seems to be extremely buoyant. Ours went before it had even hit Rightmove- and when that sale fell through it sold again within an hour or so of the first viewing.
We loved Kingston- it was great to be able to walk to restaurants, the river and the cinema, we had Richmond Park on our doorstep and there were several superstores nearby. We also spent six years making full use of the West End and the huge number of gig venues within easy reach. Trouble is, despite both being on a decent wage, it became increasingly clear that we wouldn't be able to afford anything bigger as prices were moving faster than we could save. So when I was offered a job in Cambridgeshire it was with some sadness that we decided to join the exodus, leaving our two bed semi for a five bed detached house in Bedfordshire- all done without extending the mortgage. I don't regret it (although sometimes I miss the postage stamp garden when I have to mow our new lawn) but we do miss Kingston still.
I must admit though, I have no idea how people can justify spending over half a million quid on a tiny place like ours. What happens when, like us, you want to start a family?
Alfa numeric said:
http://www.rightmove.co.uk/property-for-sale/prope...
That's just round the corner from the place we sold this time last year. Places like that, in that location, don't seem to stick around long (and have gone up by £100k in the last 18 months) although the ones that have been extended into the roof don't seem to be worth much more. After a period of stagnation between 2007-10 the market seems to be extremely buoyant. Ours went before it had even hit Rightmove- and when that sale fell through it sold again within an hour or so of the first viewing.
We loved Kingston- it was great to be able to walk to restaurants, the river and the cinema, we had Richmond Park on our doorstep and there were several superstores nearby. We also spent six years making full use of the West End and the huge number of gig venues within easy reach. Trouble is, despite both being on a decent wage, it became increasingly clear that we wouldn't be able to afford anything bigger as prices were moving faster than we could save. So when I was offered a job in Cambridgeshire it was with some sadness that we decided to join the exodus, leaving our two bed semi for a five bed detached house in Bedfordshire- all done without extending the mortgage. I don't regret it (although sometimes I miss the postage stamp garden when I have to mow our new lawn) but we do miss Kingston still.
I must admit though, I have no idea how people can justify spending over half a million quid on a tiny place like ours. What happens when, like us, you want to start a family?
I live round the corner, and will probably move into a 3 bed cottage/semi in the nearish future though I've got a fairly defined area which means I'll pay another £250k than what you linked I would imagine, which in my eyes is likely fine for a young family. Hell half of that area you've linked to will have young kids going to the school by the rubbish dump round the corner, convert that ones loft and there you are, its not huge, but as you've alluded to, not much is there unless you spend a hell of a lot more.That's just round the corner from the place we sold this time last year. Places like that, in that location, don't seem to stick around long (and have gone up by £100k in the last 18 months) although the ones that have been extended into the roof don't seem to be worth much more. After a period of stagnation between 2007-10 the market seems to be extremely buoyant. Ours went before it had even hit Rightmove- and when that sale fell through it sold again within an hour or so of the first viewing.
We loved Kingston- it was great to be able to walk to restaurants, the river and the cinema, we had Richmond Park on our doorstep and there were several superstores nearby. We also spent six years making full use of the West End and the huge number of gig venues within easy reach. Trouble is, despite both being on a decent wage, it became increasingly clear that we wouldn't be able to afford anything bigger as prices were moving faster than we could save. So when I was offered a job in Cambridgeshire it was with some sadness that we decided to join the exodus, leaving our two bed semi for a five bed detached house in Bedfordshire- all done without extending the mortgage. I don't regret it (although sometimes I miss the postage stamp garden when I have to mow our new lawn) but we do miss Kingston still.
I must admit though, I have no idea how people can justify spending over half a million quid on a tiny place like ours. What happens when, like us, you want to start a family?
Half a million quid given most people will move to a place like that form a flat where they have equity isn't exactly a huge amount I suppose. Also most people will not know otherwise, believe it or not there are lots of people moving out to places like Kingston because they see it as cheap and a place to raise a family vs Fulham where that property may well be pushing a million. A lot of this probably boils down to the 'good money' bit. What someone living and working in one part of the UK classes as good money, someone from London will not. Good money certainly to live around Kingston area is without any shadow of a doubt well into 6 figures, if there is no feasible way to get that as a household then I certainly agree with anyone who says 'move somewhere cheaper'.
okgo said:
Sense
I quite agree, in the end it came down to the fact that trebling the mortgage to move into a slightly bigger place a bit further up the hill just didn't make sense, especially when you consider the extra expense (and temporary loss of income) associated with a baby. Our place would have been fine with a couple of small kids but the idea of sharing it with a pair of teenagers didn't really appeal. Lots of people in our area seemed to leave shortly after having kids and long-term that's got to alter the demographic of the area. I'm an Outer South West Londoner (and work in what might loosely be called estate agency). Prices in the nicer parts of the outer SW and inner KT and TW postcodes have performed very strongly in recent years as can be seen above and in numerous other similar threads in recent years. I'm finding it increasingly difficult to square the circles these days when it comes to ever inflating prices at these sorts of rates, though. Quite how many additional buyers are there out there that just at the point their household incomes reduce by a quarter, a third or a half, just at the time their daily outgoings increase are able to increase their mortgages by an additional one, two or five hundred thousand pounds? Salaries in these areas are good, but outside of your typical PH demographics the salaries aren't fantastical. Are we all in wait for enormous inheritances? I'm not!
We seem to be living in an era where increasing numbers of seemingly affluent young families are living in accommodation 'worse' than their otherwise similar predecessors. On a daily basis I encounter comfortable earners living in unsuitable properties or at least accommodation that in years gone by might have been thought to be beneath them.
It will be interesting to see how things turn out in two, five and ten years time. Particularly if BOE IR return to more typical levels. Will modest terraces maintain their seven figure values?
We shall see.
We seem to be living in an era where increasing numbers of seemingly affluent young families are living in accommodation 'worse' than their otherwise similar predecessors. On a daily basis I encounter comfortable earners living in unsuitable properties or at least accommodation that in years gone by might have been thought to be beneath them.
It will be interesting to see how things turn out in two, five and ten years time. Particularly if BOE IR return to more typical levels. Will modest terraces maintain their seven figure values?
We shall see.
just curious - what is Outer South West London?
the interest rate argument is over-done IMO, rates will go up but very slowly and gradually, and a 2% rise over 5 years won't massively hit people's mortgage repayments unless they have very high LTVs vs earnings
the interest rate argument is over-done IMO, rates will go up but very slowly and gradually, and a 2% rise over 5 years won't massively hit people's mortgage repayments unless they have very high LTVs vs earnings
Edited by Adam B on Wednesday 6th January 17:02
Adam B said:
just curious
what is Outer South West London?
the interest rate argument is over-done IMO, rates will go up but very slowly and gradually, and a 2% rise over 5 years won't massively hit people's mortgage repayments unless they have very high LTVs vs earnings
The ones that don't have London postcodes but to my mind are certainly pushing on for prices comparable would be Teddington, Twickenham, Richmond (including Petersham, and much of Ham), St Margs, Kingston, Hampton Wick, Surbiton, even New Malden is getting quite pricey.what is Outer South West London?
the interest rate argument is over-done IMO, rates will go up but very slowly and gradually, and a 2% rise over 5 years won't massively hit people's mortgage repayments unless they have very high LTVs vs earnings
In all those I mentioned, for a decent period conversion 2 bedder now of say 800 sqft its going to cost you half a million give or take I think, there are pockets within those areas which are more, and some that are less (including that Kingston house above, near the sewage works and the dump).
Amusing because some people assume that Z6 which some of the above is should be cheap as chips, and moving from a 2 bed in Clapham at say 700k should get you into a huge detached house, but in Surbiton, which is certainly cheaper than Richmond, Twickers, and Teddington the average detached house according to zoopla is over 1 million.
Edited by okgo on Wednesday 6th January 17:08
Naturally you can use whatever terms you like but I used that phrase since okgo and several others live around Kingston, Twickenham, Richmond,Barnes and inwards (and tonker out towards the Neverland that is Cobham) so these postal codes come up all the time in similar long running threads.
On the point of interest rates I see ordinary (that is genuinely ordinary) families all the time with joint incomes far below £100k pa with mortgages in the two to three hundred thousand bracket, some higher. These are young people one might expect to be imminently in their prime baby making years. Above that earning bracket the situations are often similar but just with bigger numbers. I can't see these people being able to fund ever higher mortgages if prices continue to rise.
Eta - it got busy in this thread for a second while I was typing!
On the point of interest rates I see ordinary (that is genuinely ordinary) families all the time with joint incomes far below £100k pa with mortgages in the two to three hundred thousand bracket, some higher. These are young people one might expect to be imminently in their prime baby making years. Above that earning bracket the situations are often similar but just with bigger numbers. I can't see these people being able to fund ever higher mortgages if prices continue to rise.
Eta - it got busy in this thread for a second while I was typing!
Edited by scenario8 on Wednesday 6th January 17:08
V8RX7 said:
My point - and I have no idea how you missed it - was that I cannot understand why people wish to live in a large city other than because their job is there.
I have been forced to work outside London at various points - Maidenhead, St Albans and Birmingham to name three places and I have to drive out to my company HQ in Bucks several times a month. But that's OK because I'm always able to come back home to London.
Each to their own but there's just so much to do here and such a density of interesting people to meet.
And all my kid's friends live less than a mile away so none of this Dad's taxi stuff. And when they get older and want to explore they can use the buses, tubes and trains to their heart's content.
It's not eveyone's cup of tea but it's not odd to like it.
scenario8 said:
On the point of interest rates I see ordinary (that is genuinely ordinary) families all the time with joint incomes far below £100k pa with mortgages in the two to three hundred thousand bracket, some higher. These are young people one might expect to be imminently in their prime baby making years. Above that earning bracket the situations are often similar but just with bigger numbers. I can't see these people being able to fund ever higher mortgages if prices continue to rise.
It's a good point. I also tend to think that it's much easier to get big salary increases (% wise) when you're more junior given the rate at which knowledge and experience is gained than it is when you're in your 30s and 40s, making it even more difficult to increase mortgage size.Rollin said:
So there's people in London earning 'good money' so they can live in that tiny Kingston house? f
k me that's depressing.
That's a pretty little house, now this is depressing:k me that's depressing.http://www.rightmove.co.uk/property-for-sale/prope...
Thought the price was a typo, but on with another agent here with a couple more pics!
http://www.rightmove.co.uk/property-for-sale/prope...
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