Americans React: Cheapest vs Priciest Places to Buy a House in England
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- Опубліковано 10 тра 2024
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Reacting To My Roots
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In this video, we discover the cheapest and most expensive places to buy a house in England. We knew London and the surrounding area probably had very expensive housing, but we're SHOCKED to find out just how cheap the average price of a house can be in certain areas, specifically the North Yorkshire area. Join us as we react to the cost of buying a house in England and talk about how home prices have affected us here in the states as well.
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👉 Original Article:
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People outside the uk seriously overestimate how much we earn. Prices might seem cheap but relative to income and cost of living its still years of saving for ordinary people. (Assuming parents don't give you a chunk of money to help)
Take a look at Escape to the Country programmes, I think you will enjoy them.
We get all these types of programmes here in Aussie Land we love them.
I've been thinking that recently. Too long to react to on the channel, but very interesting for Lindsay and Steve to watch!
And 'Homes Under the Hammer' a programme about property auctions, the cheapest way to buy any property. House, flat or land. Bargains abound if a mortgage repossession.
Will have to give it a watch! Thanks for the suggestion :)
Have a look on Zoopla at houses for sale in those areas. It’ll be interesting to see how you react to how UK houses are sold too and you’ll often get video clip tours of the houses.
My parents bought a house in North London in 1959 for £3,000. Mum sold it in 1999 for £250,000. A similar house in the next street is up for sale today at £2,600,000
Meanwhile in Scotland, right now, there is a home for sale, it is in excellent condition with 13 bedrooms, 9 bathrooms, 5 reception rooms with views over the Cairngorms National Park, landscaped gardens, stables, Coach House also included, grounds of 7 acres
Cost==== £1,200,000
@@Spiklethingthen it gets purchased by the same person who buys the £2,600,000 london house. They have to have their holiday home.
😮
@@Jimmy_Jones, like St Ives, the locals are priced out as the housing stock is bought up for second homes or for use as holiday lets and the council looses out as the holiday lets come under business rates and most don’t pay tax because of that.
@@johnleonard9090I used to live in Looe, outside of the summer season most of the shops (including the little Sommefields that was there at the time) were only open standard business hours, even when the street lamps needed a new bulb, they wouldn’t replace the bulb until the summer season was just about to start. It’s pretty much the entire county of Cornwall that’s affected and have been for a few decades now. 😢
I live in Seaham, County Durham on the northeast coast. I bought a 4 bed house, which is a 10 min walk from the beach, for £54,000 in 2011. I love my small mining town, close-knit community feel. Plus, if I lean out of my bedroom window I can see the sea
The best thing about living in hartlepool was being able to walk to the sea
I am just along the road from you James in sunderland, Seaham has nice beaches gutted they have parking charges now .
I live in Murton hah
I moved out of London in 1985 and went to Doncaster, South Yorkshire. I still worked in London, the train took 1.5 hours. It was cheaper to commute than buy a property in London
Donny represent.
Good luck trying to get a train now
Yep bought a home in Doncaster too but I am from Doncaster. So I didn’t move far lol 😄✨
Hi Steve and Lyndsay you should watch £1 house, (Liverpool where I live) city coucil sold off street of boarded up houses for £1each on condition they were renovated and made livable by new owners, they were solid built houses and saved them being demolished. Xx
There was a similar scheme in Stoke on Trent a few years ago where you could buy a house for £1 but you had to have £10,000 to renovate it.
Someone else suggested this as well! We'll definitely have to :)
In the states to watch tv programs like this you'll need a VPN. @reactingtomyroots
I’ve taken on a derelict property years ago when I was young and had the energy. It was classified as ‘unfit for human habitation’ but we don’t tend to give up on old buildings here if there’s any chance of bringing them back to life. This is why some houses in the most dreadful internal condition through fire or flood or heavy wear and tear still find a buyer, mostly through auctions. The cheapest houses will be terraced (row houses) opening directly onto the street with tiny back yards and maybe just 2 bedrooms. The budget for repairing and upgrading these so that they appeal to first time buyers - and the people that are providing their mortgage - will usually top £20-25k with legal fees and taxes adding another £7-10k. Buyers will still have to follow building regulations and the property may also need to be cleared by the local Planning Officer at various stages. You need savings of around £35-40k before you go looking at buying a property and that takes some doing if you’re in an area that pays low wages.
The aim is to move to a larger house with a proper bit of garden if possible, but it depends on how mobile you are prepared to be and whether your job is easily accessible from your new location. We have generally good public transport links so to find an area you might be able to afford you work back from your destination (the office) via bus or Tube links to the mainline railway station and check out properties for sale in the towns along the rail route.
Since COVID many hundreds of thousands of people now work from home via their laptops which makes it easier to move away from the towns and cities. The City of London, the internationally important financial hub of the U.K., pays the highest salaries via hefty bonuses and these are usually the people that can afford to buy in London or the near suburbs. They can’t work from home; they need to be in the bear pit. Most property in London is leasehold which means you own the house or flat but not the land it is built on. That is when you get a bill for Ground Rent every year. It’s not a lot in the scheme of things, maybe £200 p.a. but it’s a reminder that while you might be paying off a mortgage on the bricks and mortar house, you’re only renting the ground beneath it and the landlord can specify certain obligations or restrictions. A freehold property is one where you own the land as well and pay no Ground Rent.
re: Liverpool £1 houses. You'd have to convert to being a Moozslum to fit in there though!
Some areas have lots of VERY small poor quality houses. Other areas have nothing but large detached luxurious properties with lots of land. So the averages tell you nothing.
Sheffield is like this. It's one of the most obviously divided cities in England. S10 has some of the wealthiest areas outside of the South East/London.
London is ridiculous BUT don't just go by price, I'm fairly certain you wouldn't be happy with some of those inner city cheap houses.
There are beautiful homes in all.parts of the UK but there are also some piss poor awful homes that bring those areas down
Correct. Beaconsfield (new) was always a commuter town with large houses. Many have been recently demolished and re built even bigger.
Tees Valley has a large stock of Victorian terraced homes and pre war semis. Also de-industrialisation has reduced the locals purchase power. I know both areas well.
Most of those cheap houses will need lots of work doing to them. Houses in my Parents street in Pudsey ( half Leeds/half Bradford) go for around 160k. The are Terreced houses too and 2 beds unless gone into attic, no garage and hardly any garden!
@@DaffCookie So much of the housing stock in the North. It's cheaper to up grade these homes than build new ones. The USA tends to build in timber and after 20 years or so they tend to rebuild.
There are some really cheap properties in the north east of England, but they are in run down, deprived areas that you probably wouldn't want to visit, never mind live in. The really cheap housing is almost always terraced, often with just two bedrooms and a bathroom upstairs and a kitchen and living room downstairs, front door opening directly onto the pavement, and no back garden, just a walled in concrete are.
However, the north east also has many properties in the millions, footballers salary houses!
We live in Chester, and there's nothing cheap about housing here!!!
Yes when I stayed at my friends fathers place in Leeds there was only a outside toilet and pots to pee in under the bed.
@lesdonovan7911 really, what decade was that ?
Anyone seen the terraced houses with painted on windows and doors?
@@sharonwelsh8102 1972, my friend died of cancer just less than a year later he was the same age as me at the time 20 years old still miss him now.
I live in Dorset, over the last few decades there has been an influx of people moving from cities to here, this has pushed the prices of homes up so high that some locals can no longer afford to live here:(
Yep I live in one of the Dorset coastal towns and the three bedroom houses in my street sell for £550,000 currently, just regular houses, nothing special.
@@Jules-RMy understanding though is that one of the problems pricing out locals isn't people actually moving out of London to live in those places but rich people buying a second home there as a holiday home.
Cornwall is the same. Low wages, mass immigration and second home owners (mainly from the cities) have pushed house prices to such obscene levels that millennials and gen Z have almost no chance of EVER owning a house. Generation rent.
I live in Bournemouth and around 50% of our street is taken by student accommodation.
“So many outsiders are moving to my area, the house prices have gone through the roof and I’m having to move away from my native area”. Welcome to the Londoners’ world, too.
I live in a little village in Lancashire, up north as we say. I have a 3 bedroom house which cost £40000, we live in the country, 2 mins walk from the canal. I'm not complaining at all.
Sounds perfec
Would love that! Sounds like the life :)
@@reactingtomyroots it's beautiful being surrounded by nature. We get to see all the lambs and the geese and ducks have babies, we feed the horses, walk with the cows and our dog gets to do lots of swimming. We're up north where most people have the idea it's slums up here... Yes there are crappy areas like anywhere, but you'll also find some of the most beautiful areas in the UK in Lancashire 😊
@@almor2445 pretty much 😊
@@DarkSister. How many years ago did you buy your house, because I also live in a house in a village in Lancashire and the cheapest house around here, which is very, very tiny is about £180,000. My daughter is just trying to buy her first house, which is why I know. We live on the edge of the Forest of Bowland though, so maybe why? I agree most of Lancashire is truly beautiful and the Forest of Bowland is amazing and a designated Area of Outstanding Natural Beauty. Yet I have found that a lot of people in the South of England have never even heard of it.
Lived in one of those cheap hartlepool houses...dealer down the street was having his door bashed in every other week...not by cops but by people trying to steal from them! Then you've got broken glass all over the streets, boarded up windows, more than half the houses are empty. It's cheap for a reason
But I will say..I was there a few years. The people were fine (to me at least) and I could walk to the beach. So...swings and roundabouts...(haha is that a UK saying I guess!?)
If you average things out across the country the average price of a standard 3 bed house is probably around £250,000-£300,000
You have to take into consideration that the UK doesn't have the landmass compared to the USA, therefore some homes are tiny with very small gardens....you get what you pay for
We also have a lot more semi detached and terraced houses...Americans seem to all have detached places
@@blahmcblahface3965 Exactly, and it's far more common in the USA for properties to be sold with acres of land attached to it, it's a rare opportunity here in the UK
Lol that thumbnail with my hometown Hartlepool at the heart of it, it was a hell of an experience growing up there I tell you
Hartlepool, where they famously hung a monkey believing it to be a French spy
At Middlesbrough's orders :)
I live in that area in the North East, County Durham and there are empty properties that cannot sell for £5,000
Cornwall has some INSANE prices but we are so far from any major City that those homes tend to belong to Millionaires living in London or Hollywood.. Second home owners are killing us down here. We have millionaires empty homes and nowhere to live!
what's the benefit of being a Millionaire if you don't get to enjoy the suffering of the common folk.
Yes we had a builder last year moved to a seaside town in Yorkshire because of the prices in Cornwall.
My parents bought their new home in 1957 for £2,000. My dad eventually paid of the mortgage 25 years later. My mother is still alive and still lives in the house. The current value for is in the region on £500,000 . Its only a semi detached house with 4 bedrooms with a small garden, but its in one of the most desired areas of England.... Windsor in Berkshire, just out side London.
You also need to look at each location’s socio-economic and crime levels etc, because that also impacts house prices. So do the earnings from local jobs or the price of a long commute. Also, UK houses are often cottage style homes, much smaller than the average American house. You only get open style interiors after a renovation, but you also have a much smaller footprint, so extensions are often needed but difficult to do. Think of the movie, “The Holiday”!
I live in Shildon (No. 5 on the cheap list). I have lived here all my life. A 2 bedroom terraced house in my street just sold for £36,000. The town has no bank or secondary school(was recently demolished) but its not a bad place to live. People are friendly and crime rates are not high.
When Vuaxhall motors opened a car plant in Ellesmere Port, Cheshire, some of the staff from Luton came up to work, they sold their house and bought a brand new one mortgage free in the Port as it was expanding, trouble was that they were stuck up North as they couldn't afford to go back to Luton when they retired.
Who would want to go back to Luton 😂
Cambridge average house price £609,000.
Oxford £575,000.
Manchester £298,400.
Edinburgh £335,400.
And now you can see why I couldn't afford to live in Cambridge despite it being my home city. My house cost £55,000 which in Cambridge is not even a deposit.
Yes, Cambridge prices are ridiculous now, my son moved to suffolk and my daughter is looking in The same area.
Steve, location is a huge factor here in the UK. I often say you can be earning £100,000 a year in London and be financially struggling but be on £30,000 a year in a northern town like mine and be financially comfortable. Property is just one example where this can be true.
An actual example is myself. 11 years ago despite only earning around £25,000 per year at the time, in a none professional manual job, I bought my own 50s built, 1800 sq ft, three bedroom semi detached house with a 70ft driveway in the northern town I call home for £70,000 which was such a low price that I managed to get the house on a single person mortgage which is virtually unheard of in the UK today. I live right opposite a park with lovely views, I get no crime and very little noise other than the birds in my garden hedge. Yet despite all this and despite all the improvements I've made to the property it would still probably only sell for around £120,000 today. That's because it's not in or close to any of our big cities and the town has poor public transport connections.
Many people, especially those who have professional qualifications flock to a number of UK cities where the vast majority of the professional, high paying jobs are located. This creates a high property demand in those areas and so pushes up property prices way out of scale to other areas of the UK. These cities also tend you have a much higher cost of living overall with things such as higher food prices.
Fact is you could easily pay £3000 per month in rent for a flat in London. Over a year that's £36,000 out of a wage of £100,000. Thats over a third of your money gone on just housing yourself. In comparison I have a mortgage that's only £250pcm which is under 1/8th of my monthly net salary despite only being on £30,000 a year at this moment in time.
To be honest, I was born and lived all my childhood and my early adulthood in a small rural Lincolnshire village where the nearest supermarket was a 9 mile drive of country lanes away and so when it came to buying my own home there was only one real choice for me. I've never lived in a city my whole life and at the age of 47 I couldn't start living in a city now. They are too crowded for me.
Give me that lower wage but lower cost of living, that quieter life every time. But it's pretty much upto the individual. It's upto the individual person what they want from their life. As my granny always use to say "You pay your money, you take your choice".
There is a reason why it's so cheap. Run down areas with high crime.
And full of a certain demographic 😉
no, people that live there . people make them run down. look at the places. Bradford we know where we heading now and leeds just been taken over by Islamist all on the ponce/claim so the money gets drained out
The Top 10 Most Dangerous Areas In England And Wales (Updated For 2023)
Durham. Overall Crime Rate Of 97.8 Crimes Per 1000 People. ...
London. Overall Crime Rate Of 99.2 Crimes Per 1000 People. ...
Gwent. Overall Crime Rate Of 100.9 Crimes Per 1000 People. ...
Like London
you dont get stabbed by albanian migrants there though
We live in Hampshire. Our house bought 4 years ago for £435K valued today at £550K. We have plans in the coming years when the youngest goes to college to move up to my home county of Yorkshire and by cash. Average house price is £200K cheaper than here. It's the only way you can retire here. But we have to do it soon, as it's getting to be a big movement and so will push up prices.
I live within 7 miles of areas 1, 3 and 4 on the cheapest postcodes map.
The areas with the very cheap housing are very run down with high rates of poverty and crime.
The cheapest houses are very small 2 up, 2 down (literally 2 rooms down stairs and 2 rooms upstairs, each room max 3m x3m) street houses with no outside space, which are in very poor condition, with windows boarded up and uninhabitable without a major overhaul.
Yet I live a short distance away in what I consider to be a very nice village setting in a 5bed, 3 bath worth about £650, 000, so you have to take the prices in context x
The area where the houses are less than 180,000 is usually the area where industries collapsed in dangerous areas due to drug and alcohol issues.
This could also be called, top ten places in the UK with the worse crime and least good council services.
I live in Cornwall - South West England. The average salary here is around £33,000 per annum. The average house price here is between £350k to £354k. Many houses have been bought by people who use them as their second homes or as holiday home rentals so many are, effectively, empty for large periods of the year. This means that many of our local young people are completely priced out of home ownership. Which also means home rental costs are also very high, purely based on demand.
But it keeps others out Angela 😊. So it all depends on how you see it. I've just sold a few fields that can't be bought on to a londoner and he gave me a more than fair price.he must love the blades of grass and cow parsley
Yes, same situation here as well, Angela!
Yes Hartlepool is cheap because it's a run down dump, as a brit I would rather live in a tent down south. Maybe you should look at UK crime areas.
Another thing to bear in mind is that mortgages can be difficult to get for many people and so they are forced to rent. If you earned £25k you may struggle to get a mortgage the deposit is usually 10-20% of the price. Mostly you need permanent job with a regular income to be considered and a good credit score. The bigger factor is that a lot if the well payed jobs are not in these places, there are towns which are just shops and supermarkets and everyone works in them plus some pubs and stuff like that.
My friend paid £210,000 for a 4 bedroom house in a desirable village in Leicestershire. It was in need of attention, but he got the work done for £15-20,000. Afterwards, he had it valued at £440,000. That's the way to make money in the short term from houses, buy the worst house in the best area and improve it. He is staying put, though.
In 1972, my parents struggled to buy their 2 bedroomed house for £7,000. It's now my house and valued at £240,000. House prices are crazy. I live in an ordinary area, yet new-build houses are going for £750,000 just down the road from me.
Thank you for the video. Some of the cheap areas in the UK are very deprived. It can be tough there.
I remember as a kid going fishing with a friend who's grand parents owned a small section of land with a boatshed on a lake. When they died they left him the land he tried to get planning permission denied the only thing that could be built was a boatshed in the same style & size as the original building. After 20yrs he decided to sell went to auction sold for the pincely sum of £1.3 million well it was on Windermere expensive place to park a boat.
Hey Steve. I live in an apartment on the edge of Greater London (about 12 miles from central london and such sites as Buckingham Palace). My apartment is about 220 sq feet including the shower room. My neighbours similarly sized apartment sold recently for £375,000 ($469,000). It's what we call a leasehold flat which you own for a number of years (usually 99 years) and pay ground rent and maintenance fee each year to the building owner. This is currently just under £3k a year.
There are expensive areas around some northern cities/towns but generally property is cheaper north of London. BTW there are some super expensive areas within an hour of London (often referred to as stockbroker or investment banker areas!).
I bought a 3 bedroomed detached house in 1997 in Shrewsbury for £68,000. Ten years later I sold it for just short of £200,000. I then moved to Spain where I was close to the sea and guaranteed hot weather. Then the 2008 credit crunch happened and the bottom fell out of the market. The prices are only now starting to go up. I have lost a lot of money and don't know when I will be able to sell the property.
Every town's & cities have expensive houses, also cheaper house's.
People who work in London live outside of London and get the train into London.
Ground rent is for people who live in apartments
People with houses pay ground rent too. You can own the house (with or without a mortgage) but not the land it's sitting on.
@@robertadavies4236 unless you buy a house freehold
I live in a lovely little village called reedly at the foot of Pendle hill. ( Where they used to burn the witches) paid £46,000. Spent £20,000 total refurb.
£66, 000 total paid it off in 8 year. Lovely house., 😁😁🇬🇧👍👍 Really Nice area too...
The Pendle Witches were hanged, not burned. The burning of witches was more a mainland Europe thing, and Scotland, they liked a good burning.
Hi guy's, I bought my house as I was leaving the army back in '02, 4 bed Terrace house built in 1837, 13 feet ceilings, large rooms, open fireplaces, in a place called Wallsend, Northeast England, (in between Newcastle and the coast) it cost £39,950 ,yes, it need some work ( i've put about £30K into it over the years) but the last time I had it valued about 10 years ago, £150,000 ....my mum used to live two doors down from us ( we moved here as she was old and living on her own and needed looking after) after she passed we converted her house into two flats, the ground floor sold for £60k, the upper floor £85k.... as for the area, Areas change, our area had a rough reputation but now it's a quiet peaceful area, are there some troubled families, yes, just like everywhere but we've never had a problem.
The cheap area you were looking at just south of me, (40 mins drive) used to be a heavy industry area (Large steel works, Chemical works, and mining area) with the loss of these industries and, lack of investment by successive Governments, over the years has led to large unemployment rates (think Detroit after the car industry collapsed) that's why the housing is so cheap.......if you are interested in comparing house prices in the UK just type into google "property for sale in" a county, like Northumberland, Yorkshire, Norfolk, Cornwall, there are loads of listings to browse all with full details pricing and Photos (I spend far to much time nosing about find the house i'd buy when i win the lottery lol)...
I live in Cornwall, I was lucky to buy my house in a village just when prices started to rise about 14 years ago, it cost £46,000 then the next year prices shot up! It is stupid how much it costs now! 🤔
Wow I paid nearly that for a 3 bed town house in an average area of Leeds 31 years ago !! My son and his partner bought their first home in Greater Manchester 2 years ago, and for a similar size property they are had to pay 235,000 . They had to save for ages and beg and borrow from both families. Its so hard for their generation.
I have the same thing in devon. Those londoners are weird old people people who buy a bit of turf for a million pound. And they think we are stupid and backward 😂😂😂
Can't imagine! You definitely lucked out :)
@@reactingtomyroots There are some really lovely parts of the North of England despite what some of the comments say . But like everywhere the larger cities have their problems too. My 4 older kids have all defected to the others idea of the pennines and are now in Lancashire and Merseyside. One of my sons is building million pound luxury apartments in Manchester and the contract is due to last over a decade! Come and see our lovely bit of gods own county if you visit the uk 🫶🏻
I’m in Cornwall too. I’m in a tiny 1 bed flat in Redruth, the only thing I could afford but it meant I could get on the property ladder. I paid 3 times what you paid 14 years ago 😢😢😢
We bought a three bed house in a suburb of London in 1990 for £95,000. Last year, the new owners sold it for £750,000. We now live on the South Coast and absolutely love it. Not only are houses a fraction of the price, but the lifestyle is 100% better. Cleaner air, beaches, forests, and a slower pace of life.
I live in the south east, a very expensive area!! Bear in mind that this covers a 50 year time span. We bought our first semi derelict terraced house for£2000, spent 18months working on it night and day and sold it 15 months later for £11,500. Moved half a mile to just outside the town to a semi rural detached house in half an acre for £28,000. Structurally sound but needed a serious update, built a 2storey extension ourselves and sold it 10 years later for £75,000. Really stretched ourselves on a £28,000 mortgage on our final house which we worried about repaying !!! House cost £105,000 again needed a complete internal overhaul. We have a beautiful 6 bedroom house with pool in 5 acres which is currently valued at 2 million which is completely irrelevant as they’re taking me out of this place feet first in a wooden box!!!
My aunt lives in Cobham, Surrey and there is a large American community there Steve, because they have an American school in Cobham, also a big yellow school bus they use for the students attending the school. It is a very attractive area for those from the USA either living or working here.
It's not cheaper in the North because it's more rural! There are plenty of rural areas in the South outside London. The North contains many cities which sprung up as a result of the industrial revolution. Earnings have always been lower in the North, as well as house prices. People from London make huge savings if they move to the North. However, if a town or area becomes popular, supply and demand can become an issue. This results in house prices going up, and the local population no longer being able to afford houses in their own town. This is the same problem with wealthy people buying a second home in rural areas, and then local residents can't find, or afford, a home in that location.
It is cheaper, truly rural will be more expensive. For example Stanhope 1500 ft above sea level in Co Durham. Here in Stanley about 750 ft high is what you may call a rural area but a small town. There are ample shops in the north east for all but the most rural places. In any case nearly all areas can get deliveries from supermarkets for very cheap delivery price (as low as £1).
If you are saying because you need a car, well I don't have a car and it is here semi rural. Nearest Rail Station 10M. I can't see loads of people coming to Stanley, might be a few though. I'd say it is true wages are not so high but the north east now has one of the lowest unemployed rates. Meaning I guess almost all can afford to buy a house. If they can get the deposit. And the house is mortgageable.
I moved from a two bed terraced house in a rural area in Northamptonshire...£750pm (this was 8 years ago) to a £350 two bedroom terraced in hartlepool!
Am now again in a two bedroom terraced house, west coast Scotland, very rural...£400pm...today. I don't have to work full time....can get away with part time...just from moving north. You guys working so hard down south to pay for a home you're hardly in seems nuts to me
No matter where you live in the UK, everywhere is pretty much accessible through public transport - some places obviously easier than others 😊. London suburbs housing can be affordable, and nowhere near as pricey as near to Central London, but good buses and tube services make it very accessible
So interesting - thank you! I was born in Surrey (near Guildford) so as a single woman would never have been able to buy my own place here. My youngest sister is married to a man from Hartlepool, which you were showing to comment on cheap house prices. Here are some points of interest.
1. There's little work in Hartlepool and the surrounding areas. One of my sister's in-laws lives in a huge Victorian mansion in Hartlepool because prices are so cheap, they were able to buy.
2. There's a big crime problem in Hartlepool. Lynn's (my sister) mother-in-law lives in a secure gated community.
3. When they first visited Surrey they thought that a lot of the properties around were hotels rather than private homes.
4. So, I'd never be able to afford to buy my own place in Surrey, but 25 years ago I found out that a 'mobile home' in the village in which I grew up was being sold. I was asked for £300 but was able to pay £500 to the elderly lady who'd had to leave to live in supported housing, The place was a mess and it took a long time to make it habitable (hence the low price), but I've lived here ever since.
5. Lynn and husband Kevin were also able to buy a mobile home on the same park. They paid £70K for theirs.
6. Ground rent is what we pay to the park owners. So we all own our mobile homes, but not the actual land.
7. Our mobile homes are now worth about £140K, but it's a joy to have our own places, in our own village where family lives. We're surrounded by woodland and have deer, badgers and foxes visit us each night.
8. Before I found out about this park I had no idea that it existed, even though I'd grown up in Elstead and lived here until I was 18. It's a secret hide-away even now!
9. We all have lovely gardens too.
So - live in Surrey and it's expensive for sure, but our mobile homes are worth more than Victorian mansions in Hartlepool.
10. The major difficulty is that Surrey is costly all round with higher food and utility costs. In Elstead the fish bar sells fish and chips for £10.00, in Hartlepool they are very much cheaper but annoyingly I can't find a menu with prices for any of the numerous fish and chip shops in Hartlepool.
11. Apparently Surrey is one of the most populated parts of the world, 731 per square km or 1878 per square mile.
One of the worst things is people with money buying a cheaper house in the country that they only use occasionally. A holiday/weekend home. That pushes up the prices which means that local people can no long afford to live there - especially in the nicer areas.
A friend of mine in london purchased a council house she had been in for about 20 years so she payed very little for it ,it has a lovely garden and is great area ,it’s a three bedroom house ,if she sold it she would get just short of £2 million ,but she has no intention of selling it ,when she purchased it it cost her £10 thousand. longer you have been in council/ housing associated place the cheaper you can buy it .
You really wouldn't want to live in a £40000 UK home. A run down area, no employment, poor social services and high immigration. You couldn't pay me enough money to live there.
Actually the areas that are poorest, most deprived, tend not to have many migrants. County Durham is largely still 90+% white.
The crime situation is mixed. Some places have far more crime than average but many of the lesser known deprived areas have lower than average crime rates but there are usually reasons these places are cheap, for example poor transport infrastructure or no jobs.
Its the same for Merseyside. @alexmckee4683
Well you are wrong, because I live in such an area. And I let out a home in another area 2 miles away, for over 10% PA of the purchase price. You can't get that yield down south.
No employment, depends what you mean. Is there employment within 10 miles, must be. Because two major towns within 10M, Newcastle and Durham. You can get the Bus easily there. If you don't drive.
High immigration, no there are very few immigrants here in Stanley. A few certainly but the area is mainly white English born. Turns out I don't live in Stanley but Annfield Plain.
Here are the details(Ethnic mix C):
Stanley, White 19,031, Asian 166, Black 42, Arab 34, Mixed 104, Other ethnicity 29.
Annfield Plain White 7,881, Asian 102, Black 17, Arab 8, Mixed 46, other 24.
Stanley pop 19,414 Country of Birth UK 18,842 (97.05%)
Annfield Plain 8.076 UK Born 7,820 (96.83%).
I bought a house in the early 90’s in Scarborough (North Yorkshire) for 40 thousand, sold it 5 years later for close to 70 thousand & it’s worth about 20 thousand more now. There are some reasonably priced houses here, some extremely expensive ones & some run down places which will need a lot of work, it’s the same wherever you buy - you’ll pretty much get what you pay for
The issue is salaries. Though some major businesses can be found anywhere, most of the highest paid jobs are in London and the Home Counties, the ring of local councils surrounding London. One reason why many areas are cheap to buy is the absence of much high-paid employment. We live in Hampshire and for many years used to commute to London, we bought the closest to London on a main-line rail route that we could afford. Prices have rocketed and within 9 years we sold our first house for well over twice what we paid for it. Our present house, which is quite small but in a pleasant suburban area, is now "worth" ten times what we paid for it 40 years ago. Commuters push prices up.
I'm 68, and when I took out my first mortgage in the 1980s you could only borrow up to 2 times your annual salary. I've heard of people borrowing 5 times their salary now !!! CRAZY DAYS !!
Those " cheap" house are not in the most desirable places to live. A lot of them are "run down".
There will be high unemployment and a lack of amenities.
A friend bought a house in that area for £10k (maybe around 2000 or so). It was a pit village where virtually everyone was unemployed. (A pit village is a town built to serve a coal mine's workers, but the coal mines mostly shut down in 1980-1990 or thereabouts). I lived in Middlesbrough for a few years, not sure I'd want to live there again. Again, lots of unemployment due to the steel works being shut down.
My friend decided to move away from London. She has family and friends in different places up north, for the cost of the house they wanted for the size they wanted I recommended South Shields on the coast of Newcastle because at least there, they would still have family and friends around but be near a reasonably big city with financial market jobs (for her husband), multiple hospitals for her, some great schools and loads of them around to choose from, lots of things to do with their kids, a coastal mini theme park, free outdoor concerts, big green spaces, a park with a mini steam train hoing through it you can ride on in summer etc. but they chose to move to hartlepool, as much as I tried to deter them due to lack of transportation and far too small for any financial market job opportunities and also no hospital for care job opportunities for my friend. She ignored my advice and now they are both struggling for jobs and she wants to move back to London without still taking my advice and giving a bigger city up north a shot. Hartlepool has a nuclear power station and a huge drug and crime problem. I go there to another friend for beauty treatments and she has to have a lock on her shop door and a door bell to be let in. I think that just says it all 🤦🏻♀️😅 xx
I bought a standard 1901 2 bedroomed terraced house in the North of Derby City. in 1986 for £25,000, it had no central heating and was basic. Over the years I have `tanked the cellar', added a loft room and extended the kitchen. It is now valued at £325,000. All of the houses on this street are of similar value.
Before you are too critical of “big city” folks moving into your local area and pricing out the locals, remember why they’re doing it.
Because they’ve been priced out of their big city.
Arab, Russian and Chineses investors have bought so much property.
Our friends have a terraced house in an area of London called St Margaret's which is worth over £1 million and has a tiny rear garden and no garden at the front of the house. About 6 weeks ago I went to see a property for sale in Nottinghamshire which is actually 2 homes on a plot of 5 acres with a large workshop in a conservation area which means it will not be built up with loads of homes or a new housing estate and will stay quiet. It is also just off the main routes so it is secluded but still only 4 or 5 miles away from the closest large town... That was and still is for sale at £750,000. For the area is is over priced and will probably not sell for the asking price. Yet where our friends live that house could sell for over £1 million in days... The difference in house values from North to South is almost insane.
Portsmouth on the south coast where I live used to be quite cheap for houses but Londoners started coming down as its only 2 hrs on a train from London so easy to commute so prices rose quickly
We live in one of the coastal areas where the work is seasonal, so not popular with working age people. We moved here when we retired. We have a larger property with plenty of ground but the property is much cheaper
I live in northyorkshire. Where it says Middlehaven is actually Middlesbrough.
We paid £102500 for a 3 bed midterrace house 5 mile away from Middlesbrough on the coast.
If you go between boro and the coast you get a town called Grangetown. You can literally buy a comfortable 3 bed house for about £30000
Middlesborough =Mordor. The centre has gone down hill rapid.
I bought my first house for the equivalent of a year's salary.
No-one can do that now unless your name is Zuckerberg.
If you'd scrolled down a little further on that article, it explained what the property was. The £49.833 property was a 3 bedroom semi-detached in a leafy lane.
There's a reason some of those places are so cheap...
There are differences in property tax payments between US and UK. UK Council Tax is fixed, US property tax can be charged on what you have eg. House, Car, etc
There are good reasons for the cheapest houses, it's because these places are not very desirable places to live. They are mostly run down with few job opportunities. The price reflects the environment of where it is. All areas have their decent parts, but also their bad districts.
Makes sense!
To demonstrate the differing house prices by location, my two sons bought their first homes a year apart, the eldest bought his 3 bed house in 2019 for £156k in Lincolnshire. His younger brother bought an almost identical property in 2020 for £330k, but in West Sussex. Both were new build properties in semi rural areas. It’s all about location!
Our neighbour sold her semi detached home for £700,000. the people who bought it moved out from London and thought this was cheap.
Crazy lol
Happen to an area east of Manchester, Saddleworth become very up market, doctors, lawyers football player moved in. So the next town call Mossley become poormans Saddleworth now Mossley it to expensive and now Mossley people are moving to the next cheapest town.
We paid £300k for a detached 4 bed on the edge of Loughborough in 2014. It’s now worth £420-430k but it’s probably small by US standards - only 1200 square foot.
My aunty has just sold her average 3 bed house in london for just over three quarters of a million pounds. I live further up north in the peak district, have 4 bedrooms and a much bigger garden than she has, and my house is not worth half of what hers was. Get more for your money out of the cities.
Also, those cheap houses might be shells and you have to spend big to renovate it. Also, some properties have something American houses don’t have - a heritage listing! The homes have historic value that has to be preserved within your renovations and your plans approved by the local historical society before you can commence any work. Such approvals can take many months of back and forth as you make adjustments to fit their rules and have those changes approved as well. The TV series, Grand Designs, with Kevin McCloud, has taught me many of these things!
Average price of a house where I live is £493,000 , that’s Buckinghamshire, South East of England. Average salary is £38,000 a year, it’s just over an hours drive away from London
I live in a poorer area of london. 3 bed terraced turn of the century home. Next door is currently on sale for offers over 1.1 million pounds or around 1.5 million dollars. Northern towns are a lot cheaper.
I’m from Liverpool which has been generally known for relatively cheap housing. We still have an average of around 220k (including all housing types such as flat, terraced houses etc) but prices are rising so fast. Our house was bought for £160k 6 years ago and is now valued at £280k. Over 200k was absolutely unheard of in my area when we bought our house.
We sold our father's house after he passed for 320.000 it was a 5 bedroom bungalow with small land and 3 garages in south Wales
I sold my 3 bed terraced house in London for £500,000 over ten years ago. They're going for even crazier prices now.
Just a bog standard street.
I currently live in the city of Sunderland. Cheapest place I've seen for sale near where I live was in a block of flats about 4 years ago in a place called, funnily enough, Washington. It was a 2 bed flat for £10,000 and it apparently couldn't find a buyer. To be fair, the block is apparently pretty notorius for drug gangs and crime. Still though. £10,000. You'd have though someone would have chanced it.
Also, you mentioned intrest rates. The rates in the UK were, I believe, 0.25% for about 10 years. They've jumped up to 5.25% in the last year. Some poor sods saw their mortgage payments nearly triple. It's been pretty brutal.
I live in a small market town in North Yorkshire. A beautiful ancient town with a castle. The problem is that many people from the South sell up for big money and move to the North. This means we are losing so much housing stock in these areas and young people are priced out so can not buy locally. Ref. 'Ground rent' If you buy a house that is lease hold rather than freehold, you are buying the building only, not the land it sits on. Therefore you will have to pay a yearly rent for the ground. The government is committed to abolish this. When my parents bought their first house in 1961 it was an 18th century cottage and was leasehold. But the lease was for 990 years!!
A few years ago it was cheaper to employ building contractors from the north to travel down to london to do a job than employ london companies london pay rates are a lot higher than than the north
I live in the north and the house prices are increasing a lot as more people from the soith specifically london are selling fheir properties for several hundreds of thousands and then buying bigger houses in the north. Now a two bedroom house with no garden is as expensive as a four bedroom three bathroom garden spaced house from 2000s. Our crime rates are lower than in major cities and are in a nice area.
The thing is.. 40k pounds is about 60-80k dollars
11:11 Ground Rent is a peculiarity of some homes in the UK - when you buy the home but not the ground that it sits on, which is 'leased' to the homeowner for a term of anything between 99 and 500 years. When buying a home which is Leasehold, you take on the remainder of the lease term - it is not reset. This typically means the value of a leasehold home starts to fall significantly in the last 30-50 years of the lease term, as it becomes less attractive for prospective buyers.
The leaseholder (homeowner) must pay an annual "Ground Rent" for the use of the land on which the home is built. At the end of the lease term, the homeowner must either surrender the property to the landowner, or negotiate a new lease term.
In theory, owners of houses with a Lease can "buy out" the landlord - giving them Freehold ownership of both the building and the land it sits on. For properties with low Ground Rent and long leases, there is very little point in doing this, but it is a viable option where Ground Rent is high, assuming the landlord is willing to sell.
For a flat, leasehold obviously makes sense. But many houses are also sold as "leasehold" as well - historically this was when land owned by large private estates was developed (often the local Lord, sometimes also the Church) but there was a rush of private developers who built houses and then sold them Leasehold between the late 1980s and 2010s.
The oldest Leasehold homes often had what was called a "peppercorn" rent - a nominal fee, which some landlords no longer even bother to collect. Some new leasehold homes still had reasonable Ground Rent, but unfortunately other developers started profiteering from their ownership of the land on which they built, by putting significant Ground Rent charges into the initial lease terms and also having them rise well beyond the rate of inflation each year. There is meant to be a ban on new leasehold contracts for houses in England, but homes already on a leasehold will still have the same terms until the end of the Lease Period, which could be decades or even centuries away.
I am in Liverpool, close to the football ground, my house is tiny, 2 bedrooms a front room, kitchen and bathroom, no yard or garden. It is about £56,000. My dad bought it for £450 in 1952. It is over 100 years old.
Larger houses are around £250,000. Many others are available in between.
Going from south London across the Thames its considered the north
as someone who lives in a TS postcode, yes house prices can be that low but thats usually not a new builld and there is a very good reason for them being that cheap. For example middlesbrough which is close by to me has highest drug issues and firearms offences in the country. You can watch a TV series called "Inside the Force: 24/7" and season 3 actually covers Cleveland police force which covers middlesbrough
As you approach boro its like approaching mordor.
Location, Location, Location' is an English programme where two experts find houses for different people. it will show you houses and what they are worth. And it’s on you tube.
Nottinghamshire average £200,000 the further north you go the cheaper house prices are in general
Guys you need to remember that cheap price is probably for a backstreet terrace house with two rooms upstairs and two rooms downstairs the front door straight onto the pavement, no off road parking and a postage stamp back yard. We aren't talking front veranda porch with land all around it drive and double garage.
Most peoples homes are probably around the £175,000 to £220,000 price range. The national average wage is about £25,500.
You should go on google street view and look at those cheap houses and the areas they are in. The same for the expensive ones.
Bought our house in 1989, for £100K, in one of the best parts of Nottingham ( Rushcliffe). It’s a 4 bed semidetached. It’s now valued at £700K. 700% increase in 35 years.
My daughter and son-in-law each earn just above minimum wage. They have lived with his mother for approx 10 years as they couldn't afford their own property rental or purchased.
Small 1 bed flat rent £900-£1100 p.month, to buy £200,000 + . Outer London Borough/bordering Surrey.
Last year they transferred their jobs to the Newcastle area, north east. They are renting a 3 bed mid terrace house with small front and rear gardens. Its very well maintained and in a quiet suburban area overlooking fields. The rental is £700 per month and the purchase price would be £140-160,000. They are trying to save as much money as they can for a deposit on a property 'down south'
I live in wiltshire, and in 2014 the Manton House Estate went on sale for £26 million. Thats the most expensive property I know of locally. The average house cost for a two bedroom house, with a reasonable garden is around £160,000
I know Surrey is going to be insane… You pay more for living in the Country with a good London Commute
beers are cheaper in surrey then London and many more things. surrey shuts down at 9pm different life from London. i know i travel to dorking allot from Central London
I live in North Yorkshire. There are villages where houses are VERY expensive but there are also North Yorkshire towns where employment is difficult to find or poorly paid, where house prices are low.
You talked about Leeds in West Yorkshire. That is a large city with a thriving commercial sector (legal, financial industry jobs, media jobs) and very nice & expensive housing. There are also parts of Leeds where housing is much cheaper, and towns round and about Leeds where work is difficult to find (lots of mining villages where the coal mines in SOUTH Yorkshire closed down, and without the mines there was no life left in the villages so you could hardly give the houses away. Similarly in County Durham, to the north of Middlesbrough/Stockton/Redcar/Darlington/Hartlepool (ie the Tees Valley) where places like Easington, Pity Me etc were like ghost towns.
Many people in good employment in the UK may prefer to live in commuter towns or villages within easy travelling distance to the city or town where they work, rather than living IN the city or town.
The UK was, with the Industrial Revolution, one of the first places on Earth where people moved out of their agricultural villages or hamlets, where they'd worked the land, into towns or cities where the mills and factories were to be found. In other words the UK WAS an agricultural society like everywhere else (a rural or countryside society) but turned into an industrial society where an urban rather than a rural life was the norm.
Many countries in the world (China, India, much of Africa etc) have increasing numbers of people moving into towns and cities for work but in the UK that has happened decades/more than a century ago, and for maybe 60 years or more, those who CAN move back to the countryside villages and market towns fir a better way of life (out of the cities) are doing so.
I was living in North East London about 20 years ago. Fed up renting, so I had a look at what to buy. A 1 bed flat was £180K, for a 2nd bedroom the price went up to £240k. Unaffordable for me. I got a new job and moved to the North Coast of Northern Ireland and got a 4 bed house with a big garden for £145k. So, now I live 10 minutes from beautiful beaches and cliff walks, lush scenery and fantastic restaurants... somewhere so beautiful I had hoped to retire here, but I got here 30 years earlier than expected! I'm not far from Portstewart, recently voted best place to live in Northern Ireland.
Some northern towns and villages have been ruined by influxes of people form the south. Then housing operations build estates and even more arrive. Where my dad lives the council allowed them to build on the old cricket ground and two old farms. The area is ruined.
There were some three bedroomed terraced houses here in Liverpool that were selling for £1. But they needed renovating.
Some 3 bedroom houses near me are one million pounds plus. The prices since this video have shot up. Bungalows (one story buildings) in places are about £300,000+. If you buy a house in a village near me, you have to pay a type of land rental when you buy your house.
I just looked up the 10 most affordable places to buy a home in Britain, 8 out of the 10 on Zoopla’s list were in Scotland and the other two were in the North East of England. There’s no real point in just looking at the cheapest or most expensive because that only looks at the price of the property, looking at the most and least affordable will give you a slightly better understanding as it takes into consideration the cost of the property and the average salary, which will also give a reflection of the economic viability of the area. For example, the list I looked at gave Cumnock, Scotland as the most affordable place to live in the UK with an average home price of £79,030 but also shows that the average income of a couple is £75,665, which in turn shows that there are opportunities to earn a reasonable wage in the area (even if it does mean commuting) but that also means that there will be parts of the town that are not economically deprived. Because it’s the general economic deprivation of an area that is going to make the properties outright cheap, as people can’t afford to buy them no matter what the cost is…except for developers looking to make money from the rental market. I had a quick look on Zoopla and I could find a number of one bedroom flats for sale in Scotland (in basic move in condition) for around 25 to 40 thousand pounds but they are all in economically deprived parts of the town/city they were in. The most expensive property that came up on that search though was £7.5 million for an 11 bedroom, 11 bathroom and 12 reception roomed property in Aberdeen, with an indoor swimming pool, hot tub, home gym and large pond amongst other things, about five miles from the coast and around 10 acres of land that includes woodland and tennis courts. But I also know for a fact that there is a small castle for sale on one of the islands in the River Clyde, originally built around 1500 but massively rebuilt in 1897 (as only the ground/first floor was left standing by then), it has four bedrooms, around two acres of land and uninterrupted views to Loch Striven (which is a short walk away) for offers over £475,000.
My Dad bought a new home in West Central Scotland in 2020, for around £150k, it’s a two bedroom flat in a converted Georgian house, with all decent sized rooms, private front garden and shared back garden. A short walk (literally 2-5 minutes) to the main shopping street in the town, bus stops in both directions just in front of his garden, about a 7 minute walk to the train station and ferry terminal and uninterrupted views over the river (which is literally across the road from him) to the lochs and mountains on the other side….and at least five pubs within a 10 minute walk from his front door…pretty much double that number if you include cafes.
I bought a house for £30,000 in Lincolnshire spent about £15,000 refurb and now rent it to my buddy. Its actually quite common in certain areas to get silly cheap properties. Also bought a place in Galicia Spain for £15,000 that was turn key ready to live in.