What can you get for the average UK house price in your area. .

[Chris Smith]

Welhouse Road, Carshalton, Surrey
Check out this property for sale on Rightmove!

This is 5m away

That's the old people discount... 59%off or some crap like that...

 

[Neal R19]

These two are at the other end of my street, the older victorian terrace end

Check out this property for sale on Rightmove!
Check out this property for sale on Rightmove!

Er, no thanks.

 

[DaveL485]

@jamesc is that the general price trend oop north? £30k for two houses?

 

[jamesc]

@jamesc is that the general price trend oop north? £30k for two houses?

only in the shit areas mate once you get into the cities prices are (almost) as daft as yours....as a kidda I lived not far from the 20k house I posted, now living in a city I am regularly amazed by a man driving a small train who wants to take me within staggering distance to a selection of nice pubs or the airport to work i.e. in the sticks are just about zero amenities & the prices reflect that...Dr Beeching you bastard

 

[DaveL485]

only in the shit areas mate once you get into the cities prices are (almost) as daft as yours....as a kidda I lived not far from the 20k house I posted, now living in a city I am regularly amazed by a man driving a small train who wants to take me within staggering distance to a selection of nice pubs or the airport to work i.e. in the sticks are just about zero amenities & the prices reflect that...Dr Beeching you bastard

At twenty grand that place has investment potential surely, or is the prospect of prices rising in the future little, or none?

 

[jamesc]

At twenty grand that place has investment potential surely, or is the prospect of prices rising in the future little, or none?

House prices in Wordsworth Avenue, Wheatley Hill, Durham DH6. Property values - Zoopla

Looking at the first page of historical house prices there's not a massive amount of growth over the years - I reckon about 2% per year on average. And if you take the average of those estimated values shown on the first page it's 57k, not the 117k shown at the top of the page! No idea where that comes from. Southern hackers maybe ....surely not a property website trying to push average prices up? :j

Long term it might be worth it but to buy it, fix it up then sell it or rent it out seems like not much return to me? Surely it would cost more to maintain/pay bills over the years than what you would make out of it (sounds like the same argument for classic car market..!)

 

[DaveL485]

Surely it would cost more to maintain/pay bills over the years

I was thinking buy it for £20k, throw £10k at it to make it nice, get a good rental on it to cover the mortgage.

>>Fast forward 25 years and the house price insanity has spread further north and it's worth £100k.

 

[Chris Smith]

At twenty grand that place has investment potential surely, or is the prospect of prices rising in the future little, or none?

Buy it, minimum refurbishment... Rent out to tenants on housing benefit.... Lots of local authorities do a 3-5 years fixed lease from landlords... They give u 10-20%less market rate, but they pay every month regardless or it being empty, etc, they also quarantee the house to be returned to same standard as first handed over... Yes it's slightly less income, but no hassles, no stress...

 

[Bill J got old]

A 3 bedroom house for £230k??? :ap:

This is the cheapest place round here:

Check out this property for sale on Rightmove!

 

[DaveL485]

Buy it, minimum refurbishment... Rent out to tenants on housing benefit.... Lots of local authorities do a 3-5 years fixed lease from landlords... They give u 10-20%less market rate, but they pay every month regardless or it being empty, etc, they also quarantee the house to be returned to same standard as first handed over... Yes it's slightly less income, but no hassles, no stress...

I'm tempted, I have to admit. I mean, as an investment, it can't go down from £20k, surely?

 

[Bill J got old]

Here's what it'll cost for a 3 bed gaff round here:

Check out this property for sale on Rightmove!

 

[jamesc]

I was thinking buy it for £20k, throw £10k at it to make it nice, get a good rental on it to cover the mortgage.

>>Fast forward 25 years and the house price insanity has spread further north and it's worth £100k.

Buy it, minimum refurbishment... Rent out to tenants on housing benefit.... Lots of local authorities do a 3-5 years fixed lease from landlords... They give u 10-20%less market rate, but they pay every month regardless or it being empty, etc, they also quarantee the house to be returned to same standard as first handed over... Yes it's slightly less income, but no hassles, no stress...

Personally I think it would be much less hassle to put the money into some kind of low risk investment/savings account - if you can get 2.5% that is near the same profit you'd make on the house (my dodgy maths assuming 30k purchase price, 87k future value, say 350 quid a month rent spent on mortgage & bills).

 

[Chris Smith]

Here's what it'll cost for a 3 bed gaff round here:

Check out this property for sale on Rightmove!

Why haven't you brought that yet billy?

 

[|sAs|]

We bought our house about a year ago now, you'd get half that. I live on the outskirts of Stockholm, Sweden and paid around £367'800 (today's currency rate) for a 134 sqm house with garage.
Tumultgränd 15, Vällingby - Kälvesta, Stockholm

 

[jamesc]

We bought our house about a year ago now, you'd get half that. I live on the outskirts of Stockholm, Sweden and paid around £367'800 (today's currency rate) for a 134 sqm house with garage.
Tumultgränd 15, Vällingby - Kälvesta, Stockholm

Lovely house & inc a 'bastu' i see - unusual for us in the UK....even worse we get no tax incentive/offset for mortgage payment

 

[|sAs|]

Lovely house & inc a 'bastu' i see - unusual for us in the UK....even worse we get no tax incentive/offset for mortgage payment

Thanks, we see a lot of potential in it and have started renovating the upstairs bedrooms. The tax incentives have it good sides and it bad sides but let's leave it at that and not make this into a political discussion :ag:

 

[jamesc]

...The tax incentives have it good sides and it bad sides but let's leave it at that and not make this into a political discussion :ag:

I'm just trying to convince myself not to get a house again (in the UK), but this thread made me feel all homely again
:rainbowvomit:
TBH I think I just want some garage space

 

[DaveL485]

I'm just trying to convince myself not to get a house again (in the UK), but this thread made me feel all homely again
:rainbowvomit:
TBH I think I just want some garage space

You can live in my garage for £400pcm?

 

[Sheryl_O]

This is a road I chose at random not far from where I used to live... House Prices in Cromwell Road, Middlesbrough, Cleveland, TS6 6k for a house haha!

 

[DaveL485]

This is a road I chose at random not far from where I used to live... House Prices in Cromwell Road, Middlesbrough, Cleveland, TS6 6k for a house haha!

Those prices are absolutely ridiculous!