Wage needed for a flat by Tube stop

[Spymaster]

As I currently live somewhere that is a ballache extrodinaire to get to once the last train leaves around midnight, I'd quite like a pied-à-terre in Covent Garden. Sadly, £2m gets you just that, mostly one or two bedroom flats. For TWO MILLION POUNDS!!!

Covent Garden is done and dusted mate. Albert Embankment is where those in the know go to spend 2 million quid these days.

 

[Epona]

I know your gender - dude is gender-neutral.

It isn't to do with gender, I am not a millennial skateboarder so the use of the word dude is inappropriate

 

[Spymaster]

It isn't to do with gender, I am not a millennial skateboarder so the use of the word dude is inappropriate

First time I've seen someone get touchy about dude.

 

[ElizabethofYork]

Who the fuck would choose to live in Central London after winning the lottery? Short to medium term it's my only chance of getting out of bloody London.

I was brought up in a council flat in EC1. I'd absolutely love to live in that area again and if I won the lottery I'd be straight back there.

 

[scifisam]

It isn't to do with gender, I am not a millennial skateboarder so the use of the word dude is inappropriate

Fairly sure skateboarding has been around for a few decades. It was intended as a friendly term, and I don't think you're grossly offended, so all good mate, right? (Is mate OK?)

 

[maomao]

I was brought up in a council flat in EC1. I'd absolutely love to live in that area again and if I won the lottery I'd be straight back there.

Fair enough. Out of all the jobs I've had in London EC1 was the nicest place to work. Until they closed Burger King at the Angel anyway. And nothing against council flats but you couldn't pay me to live round there now.

 

[kebabking]

I've looked at the map, and I was delighted to see what salary you need to earn to buy a three bedroomed house with a large garden, conservatory, lounge, dining room and two bathrooms a pleasant 120 miles from the nearest armpit/tube station...

 

[equationgirl]

I work in WC2, I wouldn't live there even if I could afford it. I'd live in Bloomsbury, or various other parts of London if I had to.

 

[Dogsauce]

They’ve done that idiot thing they always do in these idiot articles and taken the average cost of a one-bed property in a certain area and done the maths on that, so the price is skewed due to all these luxury oligarch pads with concierge services and gyms, not places where regular people would live which will be considerably cheaper. Plus it ignores stuff like shared ownership that allows people to live relatively cheaply. The gf had a decent shared ownership in Zone 1 that she was able to get by herself with a salary of about thirty grand.

There’s a BBC article on more general house prices that appears every few months where they go ‘how much would you have to earn to buy a house’ in different areas of the country, again based on averages, but nobody starts out buying an average house do they? Most people start at the cheap end and work up as their family grows or earnings improve.

 

[scifisam]

They’ve done that idiot thing they always do in these idiot articles and taken the average cost of a one-bed property in a certain area and done the maths on that, so the price is skewed due to all these luxury oligarch pads with concierge services and gyms, not places where regular people would live which will be considerably cheaper. Plus it ignores stuff like shared ownership that allows people to live relatively cheaply. The gf had a decent shared ownership in Zone 1 that she was able to get by herself with a salary of about thirty grand.

There’s a BBC article on more general house prices that appears every few months where they go ‘how much would you have to earn to buy a house’ in different areas of the country, again based on averages, but nobody starts out buying an average house do they? Most people start at the cheap end and work up as their family grows or earnings improve.

I dunno, this looks pretty realistic.

Lazy Llama posted the workings:

Assuming a 10 per cent deposit, a 25-year mortgage, and 40 per cent of earnings going on repayments each month, the credit comparison firm has listed how much it would cost to live in a one-bedroom flat within 1km of each Tube stop.

Shared ownership probably won't count because there's rent to pay on top.

 

[FabricLiveBaby!]

This is depressing.

My brother just bought a Downstairs flat in Thornton heath for 250k. That sort of money would get you a fucking mansion over here.


Madness

 

[FabricLiveBaby!]

I mean, I'd rather take this than a flat in Thornton Heath tbh.

4 pokoje, dom na sprzedaż - Kraków, Podgórze - 58754092 • www.otodom.pl

 

[maomao]

I mean, I'd rather take this than a flat in Thornton Heath tbh.

4 pokoje, dom na sprzedaż - Kraków, Podgórze - 58754092 • www.otodom.pl

Me too. Fuck of a commute though

 

[joustmaster]

This is depressing.

My brother just bought a Downstairs flat in Thornton heath for 250k. That sort of money would get you a fucking mansion over here.


Madness

Its getting worse. My flat has gone up 50k in the last three years.

 

[Pickman's model]

I mean, I'd rather take this than a flat in Thornton Heath tbh.

4 pokoje, dom na sprzedaż - Kraków, Podgórze - 58754092 • www.otodom.pl

yeh but thornton heath -> st pancras 27 minutes from norwood junction (15 min walk)

 

[FabricLiveBaby!]

yeh but thornton heath -> st pancras 27 minutes from norwood junction (15 min walk)

Or you could have a 15 minute walk to the city centre...

 

[Teaboy]

I mean, I'd rather take this than a flat in Thornton Heath tbh.

4 pokoje, dom na sprzedaż - Kraków, Podgórze - 58754092 • www.otodom.pl

Meh, that's nothing. When I was buying my 1 bed flat in London I had to be in North Wales for a few days. In the local estate agent up there I found I could get a large 6 bed detached house complete with a large pony paddock and all for less the cost of my 1 bed.

It's each to their own though. I don't want a big place anyway, just more cleaning to do. I'm more than happy paying for location and the lifestyle that goes with it. I love Krakow and have been there numerous times but London is one of the great cities of the world and that is why its so expensive, many people want to live here.

ETA: It doesn't mean to say the housing situation isn't completely fucked. It clearly is.

 

[poului]

Wow, Knightsbridge and Hyde Park Corner really in a league of their own these days, I see.

 

[Gromit]

That Cockfosters figure seems wrong.

Place is full of huge mansions. I imagine the flats ain't cheap considering how rich the area is.

Not that there are many flats around there.

 

[SpookyFrank]

I've looked at the map, and I was delighted to see what salary you need to earn to buy a three bedroomed house with a large garden, conservatory, lounge, dining room and two bathrooms a pleasant 120 miles from the nearest armpit/tube station...

Not far enough for my tastes but it's a start.

 

[friedaweed]

dude is gender-neutral.

 

[Magnus McGinty]

I was quite heartened to see that there were one bedroom flats going for £80k in Newbury Park before realising they were retirement dwellings with lots of small print rather than homes for young struggling workers.

 

[Orang Utan]

Would love to see a similar map but for rentals. I can't even afford to buy a house up North, so looking at maps like this are rather like looking at caviar price comparisons.

 

[Epona]

Fairly sure skateboarding has been around for a few decades. It was intended as a friendly term, and I don't think you're grossly offended, so all good mate, right? (Is mate OK?)

Please notice the winking smilie, of course I am not grossly offended I prefer the term "mate" is all

 

[fishfinger]

Would love to see a similar map but for rentals. I can't even afford to buy a house up North, so looking at maps like this are rather like looking at caviar price comparisons.

Like this one? for weekly rental prices:

https://royal-cleaning.co.uk/blog/images/london-tube-map-rent-prices-2019.pdf

Referenced from here:

Has Brexit affected rent in London?

 

[Orang Utan]

Like this one? for weekly rental prices:

https://royal-cleaning.co.uk/blog/images/london-tube-map-rent-prices-2019.pdf

Referenced from here:

Has Brexit affected rent in London?

ok, but why do they calculate it from weekly prices - you have to pay rent monthly!

 

[fishfinger]

ok, but why do they calculate it from weekly prices - you have to pay rent monthly!

I have no idea why they chose weekly rents. It's not difficult to multiply by 4 to get a 4 weekly rent or by 4.3 to get a calendar month rent.

 

[Orang Utan]

I have no idea why they chose weekly rents. It's not difficult to multiply by 4 to get a 4 weekly rent or by 4.3 to get a calendar month rent.

yes it is. it needs to be expressed by calendar month cos that's how people get paid and how people pay their rent.

 

[fishfinger]

yes it is. it needs to be expressed by calendar month cos that's how people get paid and how people pay their rent.

Then write to them and complain.

 

[Orang Utan]

Then write to them and complain.

to who? i'm not that fussed cos I don't live there any more. but come on ffs, just express it in the way normal people think! ie how much rent do i need to be paying on payday every month? weeky rent prices do not help here.