Ducati Sporting Club UK > General > Idle Chat > how much would you spend?

[Lily]

on a house?

Chatting with a friend from 'down south' the other evening about my reasons for not wanting to move down south, one of which was the house prices.

Don't get me wrong there are areas near here that i understand are the most expensive outside of the posh bits of London.

Just looking at houses and what you can get for your money and some just seem ridiculous to me for a pile of bricks and mortar.

So how much is too much to pay for a house realistically speaking (excluding if you won the lottery etc...)

to me anything over 500k just seems ludicrous!

[COL595]

You're not wrong Lily. When you look at the rebuild costs on your house insurance policy, you see how little they actually cost. As always it's location and market forces.

That's why I live in a hole in the ground.

With a garage.

[monstermob 998]

its not the cost of bricks and mortar that is the true cost- its the land that it sits on is most expensive part of building a house
i looked at some land not long ago big enough for one dwelling( a bungalow)as per the outline planning total land price was 220 thousand pound - i could build a nice bungalow(using my own skills) minus fittings for less than 25% of that cost!!!!!! so total cost including my own labour in that respect would have been around 270,000 +fittings
a builder bought the land threw up a bungalow furnished it with the cheapest fittings he could find and sold the lot for over 600,000 in under three months---nice work if you can get it!!!!

[Lily]

yeah the garage is the biggest incentive for me to spend money on a house!

[chief]

I'm sure Lord Rattler will be along in a min to give us the good news.

I was lead to believe that the indoor bowling alley cost him a small hamlet in surrey

I'm toying with the idea of moving, in Solihull (West Midlands) I can't get anything just a little bit bigger than the one I'm in now for less than 500K I'm thinking of staying put

[TP]

Having a house with a garage certainly adds to the cost in London. But then so does just having off-street parking. I live a little further out than what could be considered really the city (Twickenham is the start of zone 5 on the transport system) but we can fit 3 cars off the street and have a garage as well. It's 4 bedrooms and fully detached and I would hazard a guess at around £400k worth.

The same house only 2 miles closer to the city (St Margarets, Richmond) would be £600k-£800k!!

[Lily]

having read through Cheshire Life magazine yesterday you could buy a huge detached property with outbuildings and land and pool etc in mid wales for the same price as a 3 bed semi in Cheshire.

With remote working and comms technology nowdays I am surprised that people still pay inflated prices in big towns and cities when they could get so much more for their money if they were willing to travle a bit further.

I have had my house just over 3 years and it has doubled in value which just seems daft to me!

[chief]

Must be because it belongs to you Lil

[BDG]

Originally posted by Lily

I have had my house just over 3 years and it has doubled in value which just seems daft to me!

If it seems daft then i'll give you 25% more than you paid for it, will that make you happier

[COL595]

For many years I was envious of how much my house was earning. It began to lead to rows, I started drinking....you know the story. Someone else lives there now.

If I liked young people, I'd feel sorry for them because they don't stand a hope of getting a foot on the property ladder down here. But I don't.