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These people are having a laugh no?

(98 Posts)
Pantone363 Thu 08-Jan-15 11:15:55

£220000

Vaguely looking at the market but happy renting at the moment (and for the next few years if need be). But £220000?! The bathroom looks grubby and a tiny living room.

New to looking and £220000 is our max purchase, is this what we can expect for that kind of money?!

ToomanyChristmasPresents Thu 08-Jan-15 11:19:41

I am afraid so.

GermanHouseCat Thu 08-Jan-15 11:26:57

I viewed a one bed flat yesterday for £225,000. East London (not even a very trendy part).

Artandco Thu 08-Jan-15 11:28:29

Where we are, that's amazing. We have been looking and those similar are £750000+ here

Pantone363 Thu 08-Jan-15 11:29:52

Artandco...where the hell do you live?! Londonish?

Think i'll stay put in my rental then!

JoandMax Thu 08-Jan-15 11:30:08

I actually think that's pretty cheap! Too long living in and around London I think.........

CrispyFern Thu 08-Jan-15 11:30:46

Is that your house? Is this a reverse?

Artandco Thu 08-Jan-15 11:31:13

Yep.

Our current 1 bed flat has been valued at £660k..

Artandco Thu 08-Jan-15 11:33:00

Oh and I think the House is nice tbh. Large garden, good kitchen diner size. Sure bathroom could do with replacing and decor updated but that's a simple change.

Fullpleatherjacket Thu 08-Jan-15 11:33:22

Round here you could probably add another £130K or so to that...

AnnoyedByAlfieBear Thu 08-Jan-15 11:34:31

That's not the best part of town either.

I've just had the same search in Colchester and there is a lot of rubbish out there but prices do appear to slowly be going down here.

LaurieFairyCake Thu 08-Jan-15 11:34:39

Very cheap and a good size.

BaronessBomburst Thu 08-Jan-15 11:38:33

I thought it was quite nice too. I'm disappointed. I clicked on your link hoping for something spectacularly bad. sad

Pantone363 Thu 08-Jan-15 11:42:54

No really not a reverse at all!

I am obviously extremely naive when it comes to house prices and what to expect for our money.

<renews lease for 5 years>

emeline Thu 08-Jan-15 11:43:54

What's the best part of town, Annoyed? Wondering what a two bed house there is like!

Pantone363 Thu 08-Jan-15 11:47:58

Its not a bad part of town, backs on to one of the rougher parts but by no means the worst. Schools are quite good.

Good areas :-

Longridge (but again close to Greenstead big council estate, primaries not great)
Lexden (über expensive)
Highwoods (but going downhill somewhat)
St Johns road areas are fine

Mostly the outlying villages so

Wivenhoe (very arty, lots of students, lecturers)
Brightlingsea
West Bergholt
Coggeshall
Copford
Layer de la haye

Bad areas :-

White City
Greenstead
Monkwick

goldencrowns Thu 08-Jan-15 11:50:11

Crikey that would be at least half a mil around here (SE but not London)

monkeyfacegrace Thu 08-Jan-15 11:55:07

I liked it too. I'm disappointed. I was hoping for a shocker.

Pantone363 Thu 08-Jan-15 11:55:07

Half a mil.....but who would buy it? The deposit on that would be astronomical, the salary would have to be <counts on fingers> no idea but massive surely?

Pantone363 Thu 08-Jan-15 11:55:59

I'm sorry to disappoint you all

You can point and laugh at my naivety if you want?! grin

Artandco Thu 08-Jan-15 11:57:34

Pantone - the same people who have to buy any property in London or surrounding areas.

Move north - you can have a castle (only a 4-bed one, but still, a castle) for £325,000.

Blenkinsopp Castle

AnnoyedByAlfieBear Thu 08-Jan-15 12:00:19

I agree with Pantone re the good areas.

I've just sold my 2 bed in Stanway for 170,000 and bought a do-er upper in Marks Tey. It was the only way we could afford what we needed. Not really practical with a toddler and a 3 month old. grin

Lweji Thu 08-Jan-15 12:01:07

It is hard for first time buyers, but not so much for those already in the property ladder if they bought one more than 15 years ago.

RiverTam Thu 08-Jan-15 12:02:34

wouldn't buy a 2 bed flat round my way (SE London)! Tis depressing.

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