House price hikes in the last century... guess how much a 3 bed terrace cost in Wimbledon c. 1935 in today's money.

[BluebellBlueballs]

I was reading Raymond Briggs book about his parents, Ethel and Ernest, who bought a 3 bed terrace house in Wimbledon on just a milkman 's
salary.

I looked on Rightmove and you'd be paying at least 1.3 million today for similar.

Guess how much that house would be if bought in today's money at the same time the Briggs bought it, mid 1930s.

Put it this way, unless Ernest was head honcho at the milk company I don't think he'd manage it today.

£300?

In today's money, not what it cost in the 30s

£300 today would get you a nice barbie house!

Basically if what the Briggs had paid for it had risen with inflation over the past 90 years how much would it cost today.

You already told us £1.3million

Just tell us. Threads like this are so annoying. I get the clickbait title but at least include the answer in your OP. What are you waiting for? A quota of replies?

My 4 bedroom house was built in the 60s. The original owners were a Geography teacher and his wife, who did not do paid work. A Geography teacher today would not be able to buy a one bedroom flat in my area without a hefty deposit

That's not what it would cost if the price in 1935 had risen with inflation

It's much much less

House prices haven't risen in line with inflation. Way above it. So technically the figure should be smaller.

The point is that house price inflation has massively outstripped inflation. House prices have gone up by significantly more than the rate of inflation.

It's not 1.3 million

Adjusted for inflation the price Briggs paid would be £49000 in today's money

49000 for a family home in London ... today that would get a parking space tops

How much did he pay?

Yes, that was pretty much the intention

Don't like those kind of threads, don't post

Wow.

House prices are pretty mad, when you think it through it is fucking up so much.

£825

£49k would be easily affordable for a milkman today!

I kind of want a time machine now. 49k is what you'd need now for a deposit on a run down ex council flat in a rough part of town

£49k. Blimey.

www.google.co.uk/amp/s/uk.finance.yahoo.com/amphtml/photos/how-much-uk-house-prices-have-really-risen-slideshow.html

This is even scarier. I'm 1950 the average wage was £9k ish and the average house was £2k ish.

Translated to today that would make the average house £6,200. It's actually about £290,000

Hard to comprehend.

I can't believe the average wage was 9k in the 50s

I remember min wage jobs paying around 10k when I graduated from uni in 1999

That's insane. That's not much more than now.

Sorry much less!

I can't believe the average wage was 9k in the 50s

I don’t think it was. I have seen a figure of £7 a week for men in 1950. So, £364 per annum

Anyone beginning to feel they were born in the wrong century? I mean, I know things were worse in many ways for the Briggs generation. World War 2, no welfare state until after the war. But part of me thinks the trade off of a cheap house in a posh part of London ( not sure if it was, then?) would be good. And the social mobility! Ethel was a domestic servant before she married Ernest a milk man.

Beautiful book by the way.

My mum and dad won the football pools back in 1969, they had a house built for £3,000 they sold it 2 years later for £7,000…..that house today is worth £500,000 plus!

A quick Google gives this…