What sort of basement hovel will a first time buyer spend £300k on near you?

How’s about this? 5 minutes to the seaside and 10 minutes to Keswick

http://www.rightmove.co.uk/property-for-sale/property-47613721.html

View from the front of the house..

brooess – Member

80% of renters say they’ve given up all hope of buying – that’s from a Halifax survey published a couple of weeks ago. No buyers at current prices = no more rising prices…

except it’s clearly not the ‘renters’ who are doing the buying, it’s investors/landlords.

(often buying using their tenants money)

Well, £300k is about right for a starter home where I am in St Albans.

This one bedroom flat:

http://www.rightmove.co.uk/property-for-sale/property-34198098.html

Or this two bedroom ex-council flat:

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=OUTCODE%5E34&insId=1&minPrice=280000&maxPrice=300000&googleAnalyticsChannel=buying

I guess I’ll carry on renting then 😀

Hmm, we’re in the process of buying at the moment. Why do I get the feeling that this wont happen until after we’ve completed?

Why do I get the feeling that this wont happen until after we’ve completed?

Because you need the election, coalition negotiations, recheck of the sums, debate, compromise, slot in the diary so somewhere in about 3 years?

I had a look around that house in the OP! It was nice but the rooms were all tiny and was built on one of the flat “floodable” areas of North Doncaster.

In the end I bought a 4 bed house 15mins ride up the hill to Wharncliffe and Greno woods for about the same price!

Definitely a variety of expectation vs reality with some of the house prices in this region. Stamp duty was a bloody big hit though, really detracted from the deposit we had saved 10 years to accumulate. I hope to not have to move again.

This:

http://www.zoopla.co.uk/for-sale/details/34350094?search_identifier=2a95cf07f3ec3c5463e8576b89fee03c#TkmgA5G3hRpyZ6Bt.97

I’ve just sold it, and not to a first-time buyer.