What does 1/2 million buy you where you live?

[irish boy]

Very interesting thread. £500k will get you pretty much anything here, and have that will get some seriously nice stuff too.


https://www.propertypal.com/49-ballyknock-road-hil...

[PositronicRay]

irish boy said:

Very interesting thread. £500k will get you pretty much anything here, and have that will get some seriously nice stuff too.


https://www.propertypal.com/49-ballyknock-road-hil...

That's some serious VFM!

[PositronicRay]

anonymous said:

[redacted]

It is a bit isn't it, an ordinary home, it's difficult for an average family.

[romeogolf]

PositronicRay said:

anonymous said:

[redacted]

It is a bit isn't it, an ordinary home, it's difficult for an average family.

I'm sure someone will be along in a moment to say that they shouldn't have had children, need to work 60 hours a week, or move to Wigan to afford a home.

[fido]

PositronicRay said:

it's difficult for an average family.

Difficult in what way? 16mins commute to Liverpool Street (assuming at least one of the parents work in the City).
Garden, parking space(s), enough room for 2 kids. Okay it's not multi-directorship material but unless expectations have moved on since I grew up you .. it's not exactly hardship is it.

[kingston12]

fido said:

PositronicRay said:

it's difficult for an average family.

Difficult in what way? 16mins commute to Liverpool Street (assuming at least one of the parents work in the City).
Garden, parking space(s), enough room for 2 kids. Okay it's not multi-directorship material but unless expectations have moved on since I grew up you .. it's not exactly hardship is it.

It's fine assuming one of the parents does indeed work in the City, but a little more difficult for an average family on local money to afford.

[fido]

kingston12 said:

It's fine assuming one of the parents does indeed work in the City, but a little more difficult for an average family on local money to afford.

Well I suspect a large number of Essex people work in the City (about 80% of the people sat around me are from Essex!) or do something City-related (even if it's making the tea). 500k will get you a nice flat in SW London - whereas this is a decent 2nd or even 3rd home .. So it's relatively decent value - even as you say it's still over 10x what many people actually earn.

[kingston12]

fido said:

Well I suspect a large number of Essex people work in the City (about 80% of the people sat around me are from Essex!) or do something City-related (even if it's making the tea). 500k will get you a nice flat in SW London - whereas this is a decent 2nd or even 3rd home .. So it's relatively decent value - even as you say it's still over 10x what many people actually earn.

Indeed. It seems to be a fairly similar proportion in my office!

I suppose the 'average' family who are not working in the City wouldn't necessarily bother with this type of area unless they were earning well from another profession.

As you say, good value compared to SW London.

[PugwasHDJ80]

Is homes and garden safe enough for me to post what we're about to buy for 1/2million? Or does it occasionally turn NP&E?

[joshcowin]

PugwasHDJ80 said:

Is homes and garden safe enough for me to post what we're about to buy for 1/2million? Or does it occasionally turn NP&E?

You'll be fine! the NP&E lot are too busy fighting about grammar schools and Jeremy!!

[PugwasHDJ80]

Ok

we are about to complete on this:
http://www.rightmove.co.uk/property-for-sale/prope...

was originally listed at £550

pictures don't do it justice, although its not massive at 1500sq ft. Lots of things we can do to improve it.

Best bit isn't even mentioned- its on a no through road dirt lane, overlooking a cricket pitch, with a brand new play area and the primary school the other side of the cricket pitch. There's also a pub and a luxury car dealer. No Shop. Proper PH village then

[p1stonhead]

PugwasHDJ80 said:

Ok

we are about to complete on this:
http://www.rightmove.co.uk/property-for-sale/prope...

was originally listed at £550

pictures don't do it justice, although its not massive at 1500sq ft. Lots of things we can do to improve it.

Best bit isn't even mentioned- its on a no through road dirt lane, overlooking a cricket pitch, with a brand new play area and the primary school the other side of the cricket pitch. There's also a pub and a luxury car dealer. No Shop. Proper PH village then

Thats nice. Few bits of cosmetic changes inside and itll be grand.

All PH'rs know your exact address now though

Edited by p1stonhead on Thursday 11th May 12:50

[joshcowin]

Looks great, going to be a project or are you getting someone in to do the works?

[PugwasHDJ80]

joshcowin said:

Looks great, going to be a project or are you getting someone in to do the works?

defo a project

the bank account will be empty- so its cosmetics first (ie things i can hit with a brush or paint with a hammer)- extensions and suchlike will have to wait.

Do they list the full address on Rightmove- have i missed it?

You wouldn't acutlaly find it from the map and pictures- and to be honest i'm not that fussed- we've got nothing worth nicking anyway

[crashley]

Colchester is still (i believe) one of the fastest growing towns in the UK and thus you've got a pretty broad number of new-build options from all the major housebuilders. In the secondary market however, this is prob the pick of the current bunch:

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

Not bad VFM when you consider 20miles closer to London, Chelmsford, it's a lot more expensive.

Edited by crashley on Thursday 11th May 13:04

[Busa mav]

PugwasHDJ80 said:

Ok

Best bit isn't even mentioned- its on a no through road dirt lane, overlooking a cricket pitch, with a brand new play area and the primary school the other side of the cricket pitch.

I will ask the guys to keep the noise and swearing down a bit, when we play there later this season

[austinsmirk]

my old house had a cricket pitch backing onto the rear garden.

always nice to hear the thwack of leather of willow.

A very game girl, Willow.

[PositronicRay]

fido said:

PositronicRay said:

it's difficult for an average family.

Difficult in what way? 16mins commute to Liverpool Street (assuming at least one of the parents work in the City).
Garden, parking space(s), enough room for 2 kids. Okay it's not multi-directorship material but unless expectations have moved on since I grew up you .. it's not exactly hardship is it.

What I meant was expensive, ok for city types but what about your average joe doing an ordinary job?
A teacher married to a nurse with 2 children for instance.

[Wriper]

I am from mid-eastern Europe and 500k EUR is pretty good money here.

So you can buy luxury house, flat or car (like everywhere)

Or you can buy 500 000 pints of beer (one beer 1 EUR here)

Or you can have 250 000 shots of vodka (1-2 EUR per shot)

[andy43]

PH-ready property near me - nice enough 5 bed detached with a USP of having 1800 sq foot of warehousing instead of a garden shed