tbourner Posted January 31, 2006 Share Posted January 31, 2006 The only place I can think of is Wales as well - bloke from work has a rather large house in lots of ground with garage etc. that's worth about 190k. I'm looking at buying a 2 bed terraced place with a budget of 115k, and all I can find is places in Paulsgrove (ie: my car only got broken into twice today - isn't that good!). Quote Link to comment Share on other sites More sharing options...
Charlotte Posted January 31, 2006 Share Posted January 31, 2006 The only place I can think of is Wales as well - bloke from work has a rather large house in lots of ground with garage etc. that's worth about 190k. I'm looking at buying a 2 bed terraced place with a budget of 115k, and all I can find is places in Paulsgrove (ie: my car only got broken into twice today - isn't that good!). Have you tried Gosport, or is that too far? Quote Link to comment Share on other sites More sharing options...
Supragal Posted January 31, 2006 Author Share Posted January 31, 2006 There must be loads of places still cheaper than the home counties!! Quote Link to comment Share on other sites More sharing options...
jonshaw_uk Posted January 31, 2006 Share Posted January 31, 2006 not all houses in wales are cheap my dad bought his house at the right time - it had nearly 3/4 of an acre and a gargage that would take 8 cars and the house had 9 bedrooms - this was 10 years ago but got it for 50k. He then gutted the house making a nice sized 5 bedroom and knocked down the garage and built another house not so big - 3 bedrooms and loft conversion 2 with ensuites and a large bathroom and 1 garage for each house and sold them both recently for £285k for the 5 bedroom and £300k for the other not bad for 50k investments (and he had to sell his supra to fund the project, and years of building work - i will see if i can find some pics when i get home Quote Link to comment Share on other sites More sharing options...
outatime Posted January 31, 2006 Share Posted January 31, 2006 not all houses in wales are cheap Don't I know it! Go to Aberdovey or Abersoch with 200k and you'd be lucky to find anything half decent. Quote Link to comment Share on other sites More sharing options...
tbourner Posted January 31, 2006 Share Posted January 31, 2006 Have you tried Gosport, or is that too far? Eew no way, I'm trying to get off of Hayling to avoid sitting in traffic for an hour every morning!! Quote Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 31, 2006 Share Posted January 31, 2006 Don’t forget with all the property programs that are on TV that most of them are a few years out of date and therefore the prices are very deceptive! We would love to get some property to rent but if it’s a buy to let you normally need about 30% deposit sometimes more for the best rates! In addition it’s not easy to get unless you could prove you could pay the mortgage long term if it was unoccupied. Personally I doubt you’ll make much from the market rising wherever you buy however you’ll obviously make in the long term with some one paying off your mortgage for you! Quote Link to comment Share on other sites More sharing options...
Supragal Posted January 31, 2006 Author Share Posted January 31, 2006 15% for buy to let Quote Link to comment Share on other sites More sharing options...
Tone Posted January 31, 2006 Share Posted January 31, 2006 Property prices in Oxfordshire are a joke... I paid 141k for my 1 bedroom house! :thumbdown Would never have been able to afford it if my stepdad hadn't bought half the house with me as an investment. Quote Link to comment Share on other sites More sharing options...
Charlotte Posted January 31, 2006 Share Posted January 31, 2006 Eew no way, I'm trying to get off of Hayling to avoid sitting in traffic for an hour every morning!! Tell me about it. Not being from round here we didn't realise that the 'one road in one road out' was such a problem. Got used to it now though, just add an hour on to whatever time we tell people we're going to be meeting them at! Having said all that the ferry is fantastic and the houses are slightly cheaper. Quote Link to comment Share on other sites More sharing options...
imi Posted January 31, 2006 Share Posted January 31, 2006 Well, the market as a whole is going through a 'recession' at the mo. Has been since about September last year. http://news.bbc.co.uk/1/hi/business/4664598.stm Quote Link to comment Share on other sites More sharing options...
Charlotte Posted January 31, 2006 Share Posted January 31, 2006 http://news.bbc.co.uk/1/hi/business/4664598.stm Its good to see such a rise, not sure whether it will make much difference to proceedings as a whole but we'll see as the year pans out. The introduction of sellers pack is bound to change the market completely next year too. Quote Link to comment Share on other sites More sharing options...
outatime Posted January 31, 2006 Share Posted January 31, 2006 http://news.bbc.co.uk/1/hi/business/4664598.stm Good, someone might buy my flat and hopefully not pull out at the last minute this time. I've got another place going through imminently, its going to restrict my fun tickets somewhat Quote Link to comment Share on other sites More sharing options...
AJI Posted January 31, 2006 Share Posted January 31, 2006 charlotte - why is it good to see house prices rise? it just means that when you come to buy your next one that you're paying more for it.... so that even if your own house price increases you're not making any money..... unless you own lots of property that is. Personally I'm hoping that the house maret will crash and we'll start to see houses being sold for their true value. Quote Link to comment Share on other sites More sharing options...
Supragal Posted January 31, 2006 Author Share Posted January 31, 2006 I don't think it will crash, government need to not let that happen. It is only good if you own investment places. Quote Link to comment Share on other sites More sharing options...
Charlotte Posted January 31, 2006 Share Posted January 31, 2006 charlotte - why is it good to see house prices rise? it just means that when you come to buy your next one that you're paying more for it.... so that even if your own house price increases you're not making any money..... unless you own lots of property that is. Personally I'm hoping that the house maret will crash and we'll start to see houses being sold for their true value. When there is any rise it means that people's confidence is returning to a rather stale market. Any activity for me is good because it means that i get to keep my job! If there is no one willing to buy property or buy them for a lot less then i will also lose money on my current property. edited to say:- How do you know what a property's true value is? Quote Link to comment Share on other sites More sharing options...
CJ Posted January 31, 2006 Share Posted January 31, 2006 Wales : 4 Bed Farm property £120k! Where? Got a link? Quote Link to comment Share on other sites More sharing options...
CJ Posted January 31, 2006 Share Posted January 31, 2006 hmmm maybe I'll move. Oh no, I'll be in Wales hahaaa Oy - easy tiger! Quote Link to comment Share on other sites More sharing options...
Alex Posted January 31, 2006 Share Posted January 31, 2006 Some independent "Think Tank" has said that the UK property market is over-valued by as much as 20%! 20% would make a huge difference to what I could afford. If only.... Quote Link to comment Share on other sites More sharing options...
letmeshowyou Posted January 31, 2006 Share Posted January 31, 2006 Rosie, can't remember the URL but there's a website you can go on where if you view postcode you can get details of the prices all the houses recently sold there went for etc. Something to do with land registry but couldnt get it to come up on google... totally free too. It'll be on one of my old doodle pads at work if you want me to check tomorrow? This one does a similar thing tho: http://www.ourproperty.co.uk Quote Link to comment Share on other sites More sharing options...
SUPRALOOPY Posted January 31, 2006 Share Posted January 31, 2006 can't buy a good 1 bedroomed flat around here for less than 120-130k southend, westcliff, leigh on sea area Quote Link to comment Share on other sites More sharing options...
jamesmark Posted January 31, 2006 Share Posted January 31, 2006 ok now sure there is wales which i think is lovely, and england.......... however Scotland is a good place AND have some of the best uni's in the uk if not the best, heriot watt uni in edinburgh is in fact the best engineering uni in the uk glasgow has amazing art uni's as for house prices edinburgh is a joke second to london for rip off in edinburgh, a 1 bedroom house can go on the market for £95k but once you get into a bidding war that can at least got to £160k but the outskirts of edinburgh are reasonable Quote Link to comment Share on other sites More sharing options...
Dragonlady Posted January 31, 2006 Share Posted January 31, 2006 If your after renting out, Lincoln isn't too bad. You can get a three bed house for around 120k, or a two / three bed terrace in the city for 90-120k depending on condition.As for the uni, its growing very fast. Quote Link to comment Share on other sites More sharing options...
AJI Posted February 1, 2006 Share Posted February 1, 2006 Yeah its a good question to ask... how do you determine what value for money is when buying property. I look at it as if I were to build my own. If I was to buy some land, buy all the housing materials, pay builders, plubmers, electricians etc. etc. to build and finish a house.... I'm guessing that the finish price would be no where near the asking price for a lot of property that is on the market. I have thought about doing this and have done a few calculations in the past. For a smallish 2 bedroom bungalow with a car garage and a small garden on the outskirst of a rural village in Cumbria (where I live).... then the cost to build a house and buy the land would come to the £90,000-£110,000 ball park figure. Houses of that exact same type which I have seen in recent years in my area have gone up for sale at £250,000-£280,000. But thats only how I value property.... other people will value on how close to their work, or how close to a school etc. etc. But I do think that property in general is massively overpriced. Quote Link to comment Share on other sites More sharing options...
penguin Posted February 1, 2006 Share Posted February 1, 2006 has the price of land gone up in the same manner as house prices? if its feasible, i cant see why more and more people are not going down that route.... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.