The Cheapest Houses For Sale In London In 2023
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- Опубликовано: 18 апр 2023
- / wanderingturnip
www.buymeacoffee.com/wanderin...
I went to London last week, to check out some of the cheapest property that is for sale in one of the most expensive cities in the world.
None were cheap...the range was starting at £300,000 to £500,000 and I was only looking at houses, not flats.
It was crazy to see what these houses were like, especially as I am from the North where for £500,000 you can pretty much buy a mansion.
I also took out any leasehold properties whilst looking round. I got 5 different viewings, in different locations, but they were all to the east really. In the west the average price for a house is over £1,000,000 and to the east it is £750,000...which just boggles the mind.
I was also looking at central/ish London, so zones 1-5 really. Not any of those areas which claim to be London but are actually the suburbs.
I also paid a visit to Grenfell tower, to pay my respects, as this isn't really a film about cheap property but a film about what happens when housing is so unaffordable and unregulated, and Grenfell is, tragically, the result of that.
Whilst there is a housing crisis, and a cost of living crisis, this film was super interesting to make, seeing what is available on the lower side of housing in London, whilst seeing if anyone can actually afford to buy there.
Thank you to everyone who I got chatting to, whether you ended up in the film or not, it was super helpful and gave great insight.
#explore #invest #housing #london #property #housingcrisis #millionaire #rich #money #costoflivingcrisis
4 years ago I was paying 1200£ a month for a one bed flat in Stratford. My Italian girlfriend then, wife now, complained to me so much about how much money we were wasting. So after a few years of this nagging I agreed to move to Italy with her. We now have a two bed flat we are renting with a sea view and we’re paying 350€ a month. Finally we can see our savings really growing and soon we’ll be able to buy a house here outright without a mortgage. Get out of London. It’s a trap.
Nice but I think London is cool
Mi piacerebbe ma ho paura di non trovare lavoro.
@@youdontknowme3935 Gli italiani sono fighi, sicuramente troverai lavoro
@@MikeDavidson-hi6nm North germany here. He's right. Paid over 2k in London for 2 small rooms.
Now I pay 870€ for half a House.
3 rooms, 1 bathroom with Tub and seperate shower, balcony and kitchen big enough for a 5 Person Meal.
London is rough ..
Well said London is a complete shyte hole, Greece have some fantastic opportunities also. 50-80K for a cottage with mountain /sea views and acres of land
I am a londoner, and the situation has become completely insane for individuals - it only serves to benefit offshore investors and corporate developers.
benefits investors?
@@uioplkhj Corporate investors looking for a return in decades?
This is what happens when you put stupid people in charge of the country :: Tories 12 Years of Greed
@@joshtraffanstedt2862and yet people say of Charles - "he's one of us! A down to earth guy!" - he's riding in a gold carriage in gold robes! People are ridiculous in this country.
@@uioplkhj yes - the investors in mortgage securities, who made the big money out of the credit crunch.
In 2011, my mom was offered a flat on the 17th floor in grenfell tower, but she refused the offer because the lifts were defective and had a fault at the time and she has mobility issues, besides it was abit far and the building looked off. We were shocked when the grenfell tower fire happened, still feels emotional everytime we drive past it. We no longer live in London though since 2014.
R.I.P to the grenfell tower victims 💚🙏
Subhanallah, your hooyo made the best decision. 17th floor survival chance was impossible saxib
@@liban2 thanks walal. Alhamdulilah
So please to hear.
In contrary one of my neighbours (a very kind family) who lived just opposite side of my house were moved out almost forcefully to Grenfelt Tower a year before the tragedy. Their entire family of 5 died in the fire. The dad was in his 80-90s and his daughter was engaged, was supposed to get married end of that month. The news were horrific.
Your mum was right.
😊😊😊
My brother bought his house in Hackney in 1998 for £125,000. He sold it five years ago for over £1,000,000. It was in a lovely road with a park at the bottom, and the house was really nice (although needed a lot of work when they moved in). It feels so weird knowing that you could once do that, buy an actual, entire house with three bedrooms in London and a huge sitting room and kitchen and garden for £125,000. I will never, ever be able to afford to buy my own place in London. Many of the houses my brother bought are now divided into flats, each costing £400,000 and some on shared ownership. It's crazy to think that you can only buy a 1/4 of a flat in the same kind of house my brother bought.
I am actually really worried about the future, I still live here but will 100% have to move to another part of the country within the next few years. To anyone who says that's good because they hate London, I happen to love London with all my heart. Not only are my family and friends here but I love the city. It is way friendlier than people often suggest it is and there isn't anywhere like it culturally. It's heartbreaking knowing I can't sustain living and working in the place I grew up in and love.
That's really sad to hear, it's like being exiled, but in the end, people make peace with their new home - it takes 3 years to fully settle in and for the homesickness to go away. After a while, you start to discover beautiful and magical things about your new town and start to find pieces of yourself in it. In the end, you will wonder what you ever saw in London. People are incredibly adaptable and resilient.
As for me, I will be in London for as long as I want but there is a catch - I will need to look after my elderly parents in their large housing association home that is crumbling and in a state of disrepair. I can never decorate it how I want and I have to tolerate living in near squalor because it's super cheap and I can save money. Once I save the money for a deposit, the only places I can afford a house are up north. I can have a pristine and immaculate little terraced house in Leeds far from everything and everyone I love or I can live in a dingy house in London and never own my own home.
@@sheveka I feel you, that’s a difficult situation to be in. In our own ways we are both very much luckier than some.
I didn’t even mention the pension factor: I’m not close to retirement yet, but when I am I fear I’ll be lucky if I only get the state pension (and they are continually pushing the age upon which you can receive it up). It is crazy how much it costs to buy in London now, and you are right, for the same money as a small, dingy flat in a not very nice area in London you can buy a nice terraced house on a nice road somewhere else. Just like my brother did in Hackney in 1998 in fact!
I’m not sure what the solution is, obviously a massive house building project including huge a huge amount of both social housing and (truly) affordable housing. The shared ownership schemes seem like a scam to me.
Without wishing to get political, it’s so frustrating that people keep blaming immigrants for this mess / people ‘coming over on boats’. Consecutive governments have messed up on house building, and developers are yielding enormous profits for flats they sell at a huge mark-up and which are often not quality builds. Thatcher shouldn’t have implemented the right to buy scheme, council flats should never have been sold off. Thing is, even if a massive house building project now happens I don’t think the pace could be fast enough.
I’m single which also doesn’t help, most people I know who have been able to buy are in couples. Salaries that were once relatively respectable (if not amazing) are now terrible, especially in London. It’s difficult not to despair really.
It’s a good thing if you can save. Also good to look after your parents. Save every single penny you can, I don’t spend money on anything any longer. I do have a holiday booked later this year, but I justify that, it’s totally necessary. But frivolous things, from coffee at Pret / Starbucks I no longer do, chocolate bars etc., I’ve dispensed with. I rarely buy clothes. It’s difficult enough travelling in London, it’s so expensive! So I save everything I earn within reason. I figure having even a small amount saved is preferable to having nothing. And maybe one day it’ll translate into a house in Leeds!
"Just be born at the right time bro"
Your brother and the millions like him destroyed the housing market and the futures of millions of families
In 60 - 70 yr's Pound lost 99% of purchasing value comparing to gold.
Why? Who's printing currency?
In 1989 we bought a two bedroom flat in Stockwell for £89,000. We sold in 1993 for £131,000. It sold last year for £698,000.
Wow
@@wanderingturnip The thing is in 1989 between us we earned £34,000 a year so it cost less than 3 times our joint earnings. Now we live on the edge of the Peak District (Broadbottom) in a 4 bedroom beautiful stone house with a garden we bought for £192,000 5 years ago. Our joint income is £112,000 which to buy that London hovel would cost us well over twice what we paid in terms of the multiple of our income (6 times income) now. Seriously, the edge of the Peak District which is basically paradise, for a house 5 times the size of what we had in London. We paid for it in cash with the profit we made on our last property in Tooting. Edit No I'm not a southerner who moved North to take advantage. I was born in Chester.
It’s so crazy isn’t it when you look at it like that. Super interesting cheers 👍
@@peterd788 34,000 would be a very good wage now in 2023; never mind in 1989, my wage is about 15,500; in 2023 & i could manage on a lot less, if i needed to work less, but i,m rent & mortgage free, my mortgage is fully paid.
@@peterd788 I used to live in Tooting Bec (Montana Road) back in the early 90s. It was the overflow for people who couldn't afford Balham (which itself was the overflow for Clapham...). Now that house would be a million or more. It's crazy. I know that rising house prices increase wealth - or the perception of it, anyway - but honestly I think the social costs outweigh that superficial benefit.
Completely insane indeed. For that price (£500,000) I have a luxury villa in La Nucia (Costa Blanca - Spain), with six bedrooms, four bathrooms and a generous built area of 200 m², situated on a spacious plot of 652 m², private pool and garage box for two cars included. And not least, almost year-round sunshine.
You've been had.! I have 300sqm built. 21,000 sqm fenced land. 50sqm garage. Own well water, drinking water. No neighbours. Etc etc. €55,000. Spanish weather.
All very well, but unless one is very lucky there's not a lot of work to be had in places like that.
The main reason London (and indeed other capital cities or affluent port cities) is an expensive place to live is the proximity to opportunities that will hopefully help you get rich enough to be able to afford a decent future. In essence people are gambling that staying somewhere like London will eventually pay off and make them wealthy.
@@sigiloXXX No sorry, 20 years old house. Thermal blocks, insulated, double glazed. We grow sunflowers and cereal.
Lovely small village five minutes away. No guiris, no noise, or hassle. Trees and a stream.
Oh, and my wife and I are not english, speak Spanish and wouldn't dream of living in an urban environment. We do part time work with the ayuntamiento for pin money.
Having farmed in Ireland and Wales previously, I can say, this is nicer, easier, and cheaper. All based on being in Spain since Franco was alive.
The foreigners who buy the kind of property you describe, are tolerated in order to boost the Spanish economy. Thank you for your investment, it pays our pensions.
Worst case scenario, we have lost €55.000, but have made €4/5000 a year from the property, for twenty years....... you on the other hand.... bought at the peak of the housing boom...Duh.! paid over the odds and stand to lose.... Thank you for confirming my original comment.... you have been had.
Willy waving on youtube comments… sad!
@@vespadavidson2315 where
I was born in London but I would never want to go back or raise my kids there. I was mugged three times, lived in a box and was scared to go out at night.
Many of my family have already left and we are enjoying life in the Midlands and further north! With remote working opportunities there is no reason to torture yourself living in that hell, plus people up north are nicer ❤
I grew up in South East london. We moved to the Midlands last year as my husband relocated due to a new job. Really prefer living up here although our sons, and some family are still all down there. Wouldn't go back otherwise. My eldest son and his fiancee both hate coming back home late at night. Someone was stabbed outside his work for a mobile phone and also outside their flat. It's a dangerous overcrowded place!
I literally bought a 4 bed (3 bedrooms + office size room) semi-detached outside of London for £315,000 in 2021. Seeing a wrecked terraced house for £500,000 and that being considered cheap for that area is mad.
Not to mention it would several thousands, more likely hundred of thousand to repair and spec up these places to make it habitable
Once you start opening up walls and floors, you’ll soon realise it will cost you hundreds of thousands… might as well build a new house.
I was born in London not very far from where you were in Brixton. The price of houses and the rents there now are completely obscene and I feel very sorry for young people who need or want to live in London in 2023, they are being robbed blind and exploited. That guy at 24:47 sharing with eight others sums it up, it's bloody Dickensian. As you can probably guess I left there a while ago and don't regret it.
Back to the good ole Victorian London.
Only reason I’m able to live here is cause I live with my parents. When I eventually move out I’m gonna have to move to Herts or some other area that is outside London but still has decent fast links to the city. I want to get on the property ladder 😂😂 Nearly impossible though in this day and age.
@@potato1084 not impossible mate . Its hard but just need to put down deposit on a flat, refurbish it if anything. I know its easy to say this but gotta risk it mate you never know
Yeah I was born in Streatham. Lovely to meet fellow kIn
@@peterbradshaw8018 No. Houses in London have always been expensive. Always. Demand outstrips supply. It’s much worse today with its high population.
I am British but live in Germany, and all i can say is i am so glad that i got out when i did. What a mess Great Britain is now in. And i personally would not touch even one of those houses for those prices. For €300,000 you would get a first class property with a beutiful garden in Germany and not one hole in the roof :-). Great video @Wandering Turnip.
I live in Northern Ireland, and London prices are just bonkers to me. 2 years ago I brought my house for £175k (3 bedroom, 3 bathroom, driveway, front back garden, tonnes of space, £550/month mortgage, etc) and I looked to see what the equivalent was in London and I could basically have got a tiny 1 room flat for the same price. Crazy.
You could buy an entire street in Belfast for the same price as a nice house in London lol
My wife is from Northern Ireland and we’re moving there next month. Currently we’re living just outside the M25 and paying just under £1000 a month in rent for a tiny studio (over £1000 if you include the cost of storage since we have no room to keep anything here). Whereas for £300-£400 a month less we can get a decent 3 bedroom house with a garden within commuting distance of Belfast.
I honestly don’t know why anyone wants to live in London now.
I'm paying £550 a month for a room in a family home, and I'm not even in London. Oxford is mad, too
I hope you got a long-term fixed mortgage as it won't be £550 for long with these interest rates.
Need to move to Northern Ireland. New Zealand is crazy prices. Especially with costs.
3 bedrooms for 175!!! OMG!!! I need to move!!!!
I love how you’re completely redefining the meaning of “a bit” 😂😂😂
Yeah I know very little about what actually needs doing and the comment sections proving this 😂😂😂
@@wanderingturnip Haha! I love a bit of optimism!
Yep...."nothing too bad" = condemned rat infested property or a former crack house
He's English, he's never seen a nice house 😂
Really great video. I did it the other way round. Went to uni in Bradford. Lucky to buy my first house in Southend when down payments were minimal in 1998 for about £47,000 as newly qualified teacher. Still could only afford tiny 2 bed and moved in with a lodger. Sold for £83,000 in 2001 and bought spacious 2 bed victorian terrace in Waltham Abbey (just outside M25) for £97,000. It's worth about £380,000 now and I plan moving either back up north or to the South country as soon as I retire. Being able to park outside my house will be the biggest luxury. Homes should be affordable for all. The wealthy have made owning a home impossible for anyone not in the privileged upper middle classes. The greed of big corporations is vulgar. It is a very sad case of affairs.
Agree
You should get into property
@@MuzzaHukka Till its taken from you thats what happens when disparity is tooooooo big a casm.
Worse is the Tory government who allowed foreign investment to buy properties in London and massively upsale them
Thanks for your comment. I went to Uni in Bradford in early 90s as an intl student, interesting to see what my circumstances might have been had I stayed in England after my course.
Born in london and these prices are simply taking the pissssssss😖
i worked down london in 1999/2000, i roughed it & slept in my car, got washed anywhere i could find a sink, such as supermarket toilets etc , i ate in cafe,s or takeaway chippys & got a truckstop shower & meal, if i was not far from a truckstop, with what i saved, i bought a 2 bedroom terrace house up north for 6,500, which i done up myself fairly cheaply, to make it liveable, it is now worth about maybe 65, 000, but it means i can stay in a low paid job, which is 1,180 per month, but ok with not having to pay any rent or mortage
I can’t believe how tiny these houses are and they are dumps yet cost a fortune.
We just bought a house that’s over 2500sqft with garden, garage (double), terrace of 100sqft for 190k. 3/3 bath with fireplace. It’s super cute, and needs approx 50k worth of upgrades (the 3 baths redone, new windows and solar system plus new kitchen and the wood floors redone, paint. We’ve already done the kitchen, paint and floors). The city center is 600 meters away, everything is close in a small Italian city near Udine.
Really enjoyed this video. Basically this is why we left London. We were lucky enough to be able to afford a 2 bed flat in zone 3 but when we needed more space we just couldn't afford to stay in the area. Saw a article recently that said schools in london are closing because families can't afford it. Sad really.
It's because people are literally starting to take the mick, that is why... And it stops other working professionals from doing their jobs too.. so it is swings and roundabouts any way ? So.. when you have kids, move to family areas.. is what I say.
Houses are only a pound in Liverpool. lol.... This is so crazy... lol.... And even with the most expensive EV car.. I think it is still workable...
ruclips.net/video/E7-Qq-41M7Q/видео.html
This is absolutely nuts. The dearest house in my town up for sale at present is £290,00 for a 2 public, 4 bedroom, bathroom, ensuite, wc, garage and decent garden. A beautiful town on the east coast of Scotland. I don't understand the English system either, freehold, leasehold etc what's all that about? In Scotland you buy the property, it's yours and the ground it stands on. What's the appeal about London anyway? no thanks.
I've lived in London for narly 50 years. Every friend I meet up with nowadays talks about getting out (either within the UK or abroad). The house we've lived in for nearly 20 years is all we can afford as moving up from a starter home is no longer possible, (we live in zone 4). And, we're in a MUCH better financial position than most (DH works in finance). My parents where 'just' in their 20's when they bought their first house (secretary and shop assistant). That wouldn't be possible today....
However, my area is much friendlier than the areas you looked at, I live on a long road and know about half my neighbours, a walk to the shops usually involves a lot of stops to chat. But, I guess being a more family friendly area, it's a lot less transient so people get to know eachother....
I think you can afford an actual house up North to be honest... It is now a mere pound. So who cannot afford a pound ? Come on.
ruclips.net/video/E7-Qq-41M7Q/видео.html
the thing to remember is that in london you're paying for the location/ land. No matter how damaged the house is, you still have the option of bulldozing it and doing something else with the land that sets a minimum price.
I bought a 3 bed small Victorian terrace house in a place called Addiscombe in SE London in 2010 for £190k, Admittedly as i was thinking i was never gonna move, i went overboard with it, put in an upstairs bathroom, replastered all the rooms, wooden floors, rewire, knocked all the downstairs rooms through and put an extension out the back with bifold doors, i mean it was very nice by the time i had finished with it. But i sold it 8yrs later for £435k....😳
I bought a 5 bed house in London in 1999 for 100 k, It was a doer-upper, I rented out a couple of rooms to help pay for the referb, which I did myself (with the help of the Readers Digest DIY manual. I extended into the loft (did the work myself) and now its worth about 900k. That was the best single investment I ever made !
Fair play! You gona sell and buy else where?
@@wanderingturnip sheffield probably, my ancestral home.
How long did it take to refurbish your house? I imagine it would take a long time to fully refurbish a 5 bedroom property.
We bought two buy to let (I call them buy to lose) flats in the 1980s and ended up selling them at about 50% losses in the 1990s crash in London. It has not always been a one way bet on London. We also sold our family home in 1990 at a big loss too although put the money into my current one where I hope I will live for 50 years in outer London.
@@helenrushful Same here. You'd probably be able to buy a nice house at Dore, Whirlow or Ranmoor and still have a few hundred grand left.
The second reception room in most of the terraced houses is the dining room. The kitchens aren't usually big enough to eat in. Those houses are more than 100 years old and designed before indoor plumbing was common. It's amazing how they've been adapted over the years as technology has advanced. London prices are insane. But no place in the world is like it.
Like what, exactly?
London is unique. For centuries people representing every corner of the known world lived in London. There are places where you can look out on Roman era ruins from a very modern office building. Some people can't imagine living anywhere else.
London is the most fascinating city in the world and it makes sense that it would be the most expensive.
Most people I know in London are starting to plan leaving, or have already left. Most of them grew up in the city as well, but it's just too expensive to stay. I'm nearing my tenth year in London and after watching friends experiences trying to find new places to find a new flat in London, I think I'm going to have to leave as well.
Same. Maybe to Japan
This is a fantastic video. I moved up north 5 years ago from the south east because I wanted to be able to have more time with the kids and better family life so glad I did. I used to work over 60 hours per week my hubby was as well, never really saw each other as when one was working and the other was looking after the kids. It's not good for children they need time with their mum and dad. I have friends that have chosen not to have kids as they can't afford it, and feel angry at the situation.
Thanks Rebecca. Yeah the north does offer you a much more comfortable lifestyle. I know a lot of people that have just made the move to get out of London, and none of them regret it
Lived in London all my life and always loved it but in the last couple of years it has just become more and more unaffordable and just a general cesspit. There are huge swathes of housing that has been bought up by foreign investors and is left empty. They just simply buy it then sell it on without anyone living there. Just walk along the embankment and you will see empty luxury appartments. Whilst ordinary people from London are being forced out. I intend to move out of London or even abroad.
Yeah I can’t see the appeal at all. Once you’ve spent a bit of time away from there as well, you can’t figure out why you ever liked it
@@wanderingturnip Spare a thought for us who are from there and have all our families, histories and friends there. Rock and a hard place.
@@micharein2213 Agree. Just can't understand why the powers that be are hell bent on turning London into a place for the super rich and the super poor.
Answer: because it suits the super rich!
@Mike Treneere-Kernow This! I wonder where it will stop? I have seen recently a few videos of people in portugal complaining about all the brits coming over and driving up prices there.
Great film. It brought an awareness to me which I was unaware of on the level that you expressed. I discovered you after the County Durham film. Very disturbing, all those rows and rows of houses with fake doors and handles 😒
It's strange how we're all in this massive melting pot and all having different experiences.
The whole Grenfall thing was beyond disgusting and as those people say, no charges 😢 the other thing that made me emotional in this film, is the fact that everybody as a right to live somewhere that sparks joy, happiness, community and wellbeing and this film highlights the fact, that these simple things in life are being treated as though they are a luxury. So sad.
Keep doing what your doing, great stuff. 💚
Hey thanks for watching! And you are spot in there, we should have the rights to those things and they shouldn’t be so stupidly priced
There’s been terrible buck-passing and arse-covering over Grenfell, starting with Kensington.
These days it seems you can do what you like, chisel cash, skimp n your job (I’m thinking of sewerage) and you still get rewarded.
Funny that you should mention the early 70s when the houses were £5000. That was EXACTLY what my parents paid in 1973 for a semi detached on a bus route in Crouch End. Would probably be 2 to 3 million now 😮
I have a council tenancy otherwise I could NEVER afford to live in the city of my birth and 200+ years heritage!😳
Quick Google search for an inflation calculator, that £5000 would be around £99000 today, which while a significant number is nowhere near what we are expected to pay nowadays
Great contrasts with your content...love it.
I bought in 1997, doubled my money and got out. A little ashamed as I don't believe in houses as investments now.
To be fair I used half the profit to fund university and subsequently work in the NHS. As such, I've never been able to afford to buy a house since.
It's all a game with the money...
Grenfell was a horror, your respect was very genuine.
Keep them coming 👍
I’d say you’ve used that money fairly and not just for pleasure. Good on you 👍
Don't be ashamed, you took that money and turned it into a public good, for which the government's more than made you atone over the last 15 years. Solidarity.
Yeah total madness a feeding frenzy that causes ABJECT misery, IVE never meet a ESTATE agent with morals bloody LANDSHARKS
Beautiful House Lowest Price Start from 5000$
Thank you for drawing attention to Grenfell. We must never forget and hold those responsible to account. Great video
You are so brave. All of those homes was so dirty. I would have burned my shoes when I got home 😅
Another note. Being born in London and seeing the prices go up and up and up. And rent doing the same, whilst wages and travel is diabolical. Its just heartbreaking.
Parents bought a 3 bed semi in Buckhurst Hill (just over the London border but on the tube) in 1970 for £5k. Sold in 2004 for £470k. That house was on the market for £900k but has dropped back down to £560k in 2011. I grew up here and couldn't afford to live in my town, so I moved to the East Midlands and paid £93k for a two bed terrace which 20 years later is worth £180k. But what I have now is a house, the value is relative to what I buy next.
I live in Buckhurst Hill. Prices seem to be coming down a bit - I’ve seen £350k ish for some 1 bed flats.
@@yasminx16 350k for one bedroom flat? Not a good deal. Not at all
What would be even more intriguing is knowing what happens to those houses afterwards, are they ending up as family homes, or having walls put in everywhere to create as many bedrooms as possible. Also another thing to bare in mind a few of those properties were ex council owned, which adds more to it.
Great video
I can tell you that around me, one run-down house with a large garden got converted into 7 houses, and the one next door which was a 3 bed terrace, got converted into an 8 bed HMO.
So, both!
They'll probably get turned into houses of multiple occupation, and then guaranteed rented to serco to accommodate ever more immigrants in london at taxpayers expense. who them and their descendants will then garner most of the job opportunitys in london - its a vicious cycle.
Depends on the area. He went to some typical student housing type pretty nasty bits of London on the video where my son's recently students friends might live, rather than nicer bits (whichare more expensive) where people tend to buy a family home. My road is family homes in outer London - quite expensive ones, last one to sell was over £2m but they are large and detached with big big gardens and rules which means they can never be divided into flats or gardens sold off.
My guess is that these will never be family homes again.
My son rented a conversion in Tottenham a few years ago. 3 flats out of a 3 bedroom family house. Horrible cheap conversion housing 9 adults.
It's a good question, the borough councils can and do set planning rules to try to retain family size housing, it's not as easy to get permission to split houses up as it used to be 20 years ago. They are in a bit of a bind though as splitting houses up does count as increased housing supply which is also encouraged and potentially desirable.
Your feed is interesting, though most of those types of properties end up with dry rot, rising damp and woodworm. Most need new or refurbished roof, plaster, rewiring and plumbing. So never think London property is just cosmetic. Plus the trades prices are ridiculous to boot.
London is now the largest slum city in Europe and has the smallest rooms in Europe and poorest health and safety control. I've been advised is also the largest for money laundering, which is rarely checked for illegal activity through the government's actual regulatory controls. So thank any ruling governmental power who choose to ignore the law.
Wow, I’m speechless at the prices. I live in Perth, Western Australia, and the £500 thousand is $1 million in Australia It would get you a 5-6, mansion on the Beach. I live on the beach in a gorgeous 4 bed house, just ordinary working class background. It’s so sad uk has changed in the 25 years I have been living here, I do miss some things lots of family in uk, but housing wise 😮
I move to London 10 years ago from the Azores. I got redundant recently, out of the negotiations I could keep my job but I don't accept the pay cut on my salary.
How can I accept that with the house prices in London? I end up loosing my job and I'm done with London. I'm going to move up north or move to a completely new country. No point in staying in London I had enough!
I don't know if anyone else has mentioned it, but the holes in the ceiling are test/inspection holes for surveying asbestos etc
Oh that makes sense. I guess the sound thing to do would be to fix it up before selling it on 😂
@@wanderingturnip Could have been made by someone viewing the house. One house I sold I found holes in the fabric of the house after a viewing, Very annoying but i could understand why someone might do that.
I spent most of my working life in Stevenage, which is only 30 miles from central London. House prices there were only slightly more than large parts of the Midlands and the north of England but massively less than places only slightly nearer to London like St Albans or Potters Bar. However the rising cost of house prices in inner London since about 2000 has created a bow wave that means that people brought up in North London couldn't afford to live there and so many moved to Stevenage, making Stevenage more expensive relatively for those of us working there.
Having grown up in Edinburgh, I know the house prices there are also unaffordable for many people from elsewhere in Scotland wanting to move there but the differential is not as great as in London.
Yeah, as someone who was born in St Albans people used to move to Stevenage because it was affordable, but not really anymore. I moved to Plymouth with no plan 3 years ago and within a year I have my own flat. I never would have been able to buy property if I had stayed.
My parents lived in a basement flat in Chelsea in about 1970. Apparently it looked like one of the places ypu go round back then. The woman who owned the house lived on the ground floor and tried to sell it to them for a decent price but they were young and didnt want to got bogged down. They came back up north and flats on that square are going for a couple of million now. Mad.
Truly spectacular ending! And it was so damn sad and heart-touching that you stopped by Grenfell... (Such a terrible and sad event that could have been easily avoided).
I love the North so much and I hope at some point to be able to move up there with my family! Your video just reemphasized why I should do that! :)
Thanks David, that was fascinating! I lived in London from '72 until '85, it was a completely different city, almost a bit dowdy but nicer compared to how flash it is now. I sold up in '85 and I really don't want to know what that flat is worth now!
An idea for a video for your American subscribers - a walk (with Ted) through a bluebell wood, any minute now. They don't have them in the USA.
I’ve just had another comment from someone saying they sold a 2 bed in the 90s for 130,000, and last year it just went for 600,000 😂
Amazingly opposite my outer London house is a 200 acre wood, currently covered in bluebells..... so not just in outside London but within its borders you can find nice woods... expensive though to buy near there.
I don't beleive it, I moved a friend out of the house next door to the one in Brixton you viewed, about 15 years ago, amazing
No way. I wonder what the price was on that 15 years ago
Loved the banter, spot on! So glad I made the move to get out of London, been there for over 10 years but I now also enjoy woodlands and a quieter life.
London is also perfectly situated flight time wise between the US and Asia. It attracts wealthy art collectors for that reason too.
Great to see a working class property show 👌
The state of decline is clear in the both the lack of concern for the state of housing and the increase in shared accommodation.
That pub in Tottenham the Railway Traven closed down over twenty years ago not recently
Oh really. Thanks for this. As if nothing has been done with it since
My parents came from India, bought our family home in the late 70's for £25k. They then bought one in Wimbledon for a little more in 1990. Both are now valued at over £1m. Kept them both so far.
Literally just a case of being born at the right time. Absolute madness.
The wealth-disparity between the middle class British people born pre 1980s vs the middle class (if you can even call it that, anymore) British people born post 1980s is massive.
Completely different existence purely based on how early-on you were able to buy property.
Wimbledon Richmond Kew Gardens very affluent areas
I immigrated to London from Santa Monica in 2019. I bought a freehold terraced home with a garden for £2.7mm in Notting Hill in 2020, and am currently doing a major renovation to my property. Another property on my street sold the next year for £3.75mm unrenovated. My saving grace is my 1.49% mortgage rate. I plan on living here forever and I’m only 54. I feel very lucky as my street is a safe distance from Carnivalle, yet walkable to Portobello Road. Love your tours. Ty for your reporting. 👍🏼
I'm going to live with you. 😄
We loved the video. We used to live in Halifax and moved up to Scotland in 2015. Prices for houses up here are so reasonable and for people who love the countryside and dry stone walls like yourself, plenty of that up here. Keep up the good work your videos are brilliant.
Fascinating video and a really classy tribute to Grenfell. Please keep the videos coming…
Wandering Turnip, I really love your segment that you do. I liked the last house for the size of the rooms, it’s a shame about the train in the back. Thank you so much. I’m from Essex, my mum and dad came from East End. I now live in Perth Australia. Thank you so much for you kindness. I really enjoy watching your other segments you do. Xx
My husband recently found your videos on here & what an eye opener they have been, property where we live are a lot more affordable than London prices but still expensive for average couple. Our town is similar to the High street shops closed apart from nail bars, hair salons charity shops etc. Look forward to watching all your videos now. Thank you.
‘ a bit of a clean up ‘ lol you would make a good estate agent. Great video 👍
Crazy and no longer geared for the average person, geared for rip off landlords and “investors “ it’s totally obscene. Good video 😅
Loved your video! Renter here in Bromley London in my early 50s it’s looking more and more hopeless trying to get on a rigged property ladder. Keep them coming!
ruclips.net/video/fiMc0Pw84VQ/видео.html - Beautiful House Lowest Price Start from 5000$
Our house is a solid three bedroom terrace, bigger than all the ones you see and a lovely garden. We literally live on the outskirts of London, on the central line and I’m pretty sure our house wouldn’t go for more than £500,000. Next to what you saw, our house is a palace so maybe if you went just a tiny bit out, you would get better for slightly less, but I do agree with most of what you said. Stay up North mate 😊
Agreed, houses on the end of the underground lines are still reasonably affordable and quite large/renovated. Morden, Sutton, South Croydon in the south are still affordable and Barking etc in East are even more so. I do suspect they won't be affordable in 10 years though.
I lived down in London for a year; like you I found it too noisy, and far too expensive. Couldn't really afford to do anything, beyond living costs. Rent was £2k per month.
The prices in some areas of London were; if not elevated above average, at least far above the prices in our area quite a while ago, my granddad moved to Hebden from Ealing in 1969, and had a choice of buying an entire street of run down houses in town, or an acre of land with some run down mill cottages on it near Hardcastle Craggs for the same price as he'd gotten for selling a small 2 bed.
Nice to see your channel flourishing; you're a natural presenter.
Damn imagine what those streets in Hebden are worth now 😂
Thank you, I appreciate that 👍👍
Wow! Just watched your video from Australia. I've always watched shows about the UK property market and really enjoyed seeing the houses you toured. Had a laugh at the holes in all of the ceilings. I've subscribed now. I'm hoping to get to North Yorkshire one day amongst many other places but good to see grounds roots London without the glossy tourist shine. Thanks
I love your video ,I use to live in London in1987different story...use to oay £ 50 for a bed sit...quite a similar process is happening in Milan at the moment ....but big building are growing everywhere no parks or new pubblic garden areas are been developed.Thank You for your job and report.
First video I've seen of yours and just love how well it's been done, great video really entertaining. Gained a sub!
An incredible video has made me realise how lucky I am to live in London. My parents are from India, who then migrated to East Africa, then had the opportunity to work in London. This was all linked to Britain's ruling of both countries. When my grandad had the chance to work in London, he got on a boat controlled by the UK to support labour and trade.
The graft is something I’ll never understand being “twice immigrants” but long story short, after years and years of hard work, I now live in a house with my brother and mum… zone 4 on the tube map, Woodford, in a 5-6 bed house, garden and garage.
I live now in what is considered Epping Forest. People are friendly, and you don’t feel like you are in London, yet so close to everything… arts, culture, theatre, bars… I don’t take what I have for granted, but my dad always said, “Trying to buy a house back then for £30-40k we thought was impossible, but with a will and determination, there is a way!”
I know a lot of Indian people lived in East Africa (Uganda, Kenya) but I didn't know many Indians lived in the old British colonies in West Africa (Nigeria and Ghana and Sierra Leone).
@@simonyip5978 Sorry, I meant East
I live in a bit of London with many Indians - suburbs. We first bought in the 80s for about £40k, my first salary was £6250. We needed two full time professional salaries - it was not the easy to buy thing people today seem to assume the past was. My other half was a teacher and they could not get any teachers down here in London because of the massive difference in the 1980s between north and south so we started out in a school provided flat - I slept on a mattress on the floor when pregnant and then we put every last penny into buying the first place.
@@simonyip5978 some do, but I don’t think it’s linked to colonialism
ruclips.net/video/fiMc0Pw84VQ/видео.html - Beautiful House Lowest Price Start from 5000$
Another great video. I moved to Brixton in 1984 from Birmingham (I was 18) and lived there and then in Lewisham until 1998. I was lucky even then and got a council flat in a really nice block but got into a bad relationship which meant in the end that I had to give up the flat an move out of London. I never regretted it until the few years after my husband died and I find myself living in a city where I know no one really. I would love to move back to London as I have more mates there than anywhere but I couldn't afford it.
Are you back in Brum? I'm wondering about moving there from London because of the cost of everything down here but having lived here most of my life I wonder whether there's enough of a big city vibe up there for me 😐 I think I've been spoiled with so much available on my doorstep (albeit at a price) that I can't imagine how to build a life somewhere without it. What the hell do people do in a small town in the middle of (insert random provincial county here)?!? I think I'd go bonkers.
@@grayhalf1854 I lived most of my life in London. Whgen I got married we couldn't afford to live there, so we moved to Birmingham where my wife's family live. Birmingham makes sense as a city - it is a sensible size. London is a country pretending to be a city.
The whole UK property market is based on rich and super rich people being allowed to squeeze every possible penny out of the poor. It's time to get rid of the speculators, money launderers, foreign kleptocrats and buy-to-letters who have enslaved the rest of us.
Some housing associations in London have lists you can join regardless of income or where you live now, and there are one and two bedroom flats in certain areas, some of the areas not bad at all and not that far out that don't attract much interest for some reason. They are usually in low rise blocks or houses converted into flats. You may have to stay on the list for a few years or you may get lucky and find somewhere sooner. Some of the rents are social rents and some are affordable rents but usually cheaper than the 80% of local rent stipulation. Not entirely sure which HAs offer this still but may be worth looking into if you want to move back to London.
@@sophiejdalston Thank you - that's really useful to know. ❤
@@sophiejdalston if they allow like kids or pets but you have to be a job cuck steady income .I think the way forward is converted container living as even plots of land is cheaper to rent than a luxury flat
Very interesting tour of "budget" houses in London. I can only imagine how much the house in Brixton next to the railway line would shake! I was in a car driving past the Grenfel tower after it burned and before it was covered up- it was shocking to see the fire damage to the outside of the building. I lived in London (many places from Southall to Hanwell to Plumstead and to Mile End) but managed to find low rent when I was a student back in the early 90's and ealy 00's. I had friends lving in a squat in a high rise block- the flats were being cleared out so that the whole building could have asbestos removed but as it took so long to rehouse people, flats were empty and the caretaker was cool with peoole squatting if they didn't upset the rent paying neighbours. He realised that people living in a flat kept it in better condition than it being empty. Most of the people squatting were working and respectful and their was a community of the people who squatted. I do remember visiting and we could go onto the roof (of a 15 story tower block) via the fire exit and someone would play a guitar as we'd drink and enjoy the views over London at night!
Very interesting this cheers!
I also remember nights at uni when we would make it onto a roof top in London, good times they were with great views
Don't be amazed, This is happening in Canada. I was born in London, UK and my parents were offered to purchase their rental end of terrace house from Waittes in the 70's for about $7,000. I am glad they bought the 3 bedroom house. They would be amazed today. In Toronto and Vancouver rents and house prices are OBSCENE. My son bought a house in Brampton, Ontario about ten years ago for $360,000 and today it is worth just under a million. It is a small semi-detached 3 bedroom house with a small garden. If the house was in Toronto it would be worth much more, Rents for 2 bed apartments start at least $2,000 a month. Vancouver prices are much higher. Vancouver has started putting tax on all non-resident purchasers and you cannot leave the house or apartment empty or you pay more tax. SOME THING HAS TO BE DONE!!!!!!!!!!!!!
I think London will adopt that approach in the near future.
Friends bought on corner of 54th and Knight Street( a very busy 6-laner) in Vancouver for C$350,000 in 1990. It sold this year for C$1.8 million. It needed a remodel.
The house prices in London are insane. London is king when it comes to entertainment; theatres, museums, art galleries etc.. If you are a homeowener, working from home and not experiencing any of these things, you're probably better off renting your property and moving out of London to somewhere more affordable, near nature, somewhere quieter..
Yeah I’ll give you that, it does have great entertainment. But theatres now are so unaffordable anyway, the price of some tickets is a joke
@@wanderingturnip I think most people would agree with you and yet someone must be paying them! I think there's just too much money floating about...
Please taking into account the demographics. when people first moved to certain area’s of the uk Racism was extremely bad… outcasting many hard working Brits.
@@homeoffice3524 : You're not the first to have said that actually... similar to a lot of people too... A guy was living in Cambridge.. and then he let out his flat in London etc.. So... Lots of people do that, but there is a cut off point though... as well... So...
Great video and what a contrast to the properties featured on Escape to the Country!
My grandpa bought a house in Mayfair in the 70s for £12k , it’s worth around £800,000 today .
Madness 😂 but decent for your grandpa…
Watching for a while. Your delivery is excellent and brilliant information too. Keep up the good work!
Thanks for this! 👍
Great content, very well done 👏🏼
Love your channel. Thanks for doing all the hard work. 👌😊
The Lionel Messi of house hunting. Keep up the good work mate !
They would have to pay me to live in one of those houses. But I thoroughly enjoyed your tour and umbrella story. So cute.
Great video. I liked that you were able to pay respects to those who died and lost loved ones at Grenfell Tower.
Really enjoy you’re videos, you’re such a nice friendly lad.
The 'holes in the roofs' you describe are not holes in the roofs at all, they are holes in the ceiling. Quite a big difference.
I viewed a property recently in London and the agent was originally from Manchester and moved to London 3 years ago. I suggested that Manchester was on the rise as a city location and she agreed but said 'it's not London though'...
I lived in London most of my life till age 33. If I ever would of smiled at a stranger ( which I would not of dreamed of doing!) They would of thought I was mad. But I now live in the outer suburbs and people smile at each other all the time. Took me a while to get used to it.
I had the misfortune of living in high Wycombe ( not sure if you mean that far out) .I can honestly say they were the strangest most miserable people,give me London please😊
So strange.. because I m experiencing the complete opposite , I used to live in London for the last 10 years , people always says good morning and smiles at you ! PSince I moved to NOrth west precisely to Bolton . It has been horrible. People are so cold and angry at all the time. Not only here but also in big cities as Birmingham or Manchester. HORRIBLE
I live in Yorkshire and had a lodger stay for a while from London, when he arrived he was SHOCKED that people were talking to him on the bus on the way here 😂
@@UnjustifiedRecs I moved to yorkshire from the south east a few years ago and it was the strangest and nicest thing to have strangers just say hello to you as you were walking by. Not sure i'd want to live in any of the big towns though.
@@chmska7844 : Manchester is full of Londoners.. or basically full of NOrtherners that went down to London and now back up to the North and the whole entire.. "Greater Manchester" thing is starting to bite a lot too. lol... It's their fault for making it SO bad.... So... I would try Leeds, still relatively sociable.. or even in Sheffield. Relatively still nic-er....
Thanks for this - REALLY helpful!
You have a way of putting things, and do it very well.
I was lucky enough to get a council flat 20 plus years ago and still live here, paying 430 pm for 1 bedrokm flat
Nice video, thanks, first time watching. People in London are weird, very private and sometimes neurotic. I lived there in the 90s and it was the same then.
People living in the surrounding buildings from grenfelll had to relocate due to the trauma of watching it happen.
It happened on my birthday 14th of June that guy got the dates wrong.
It was a warm night so windows was open and all you heard was sirens 🚨 all night in Kensington.
You know, I’ve been feeling really down about moving back to Blackpool three years ago, and regretting my decision not to return to London where I spent eight years in the late 80s and early 90s…until, that is, I started watching your videos earlier this week. You’ve actually shown me that I’m really not missing a great deal by living here as opposed to the “bright lights” and amazing culture of our nation’s capital. It seems that, like Blackpool, a huge proportion of London’s shopping areas are in steep decline and it’s becoming increasingly impossible to afford the cost of living there, so thanks a lot for the wake-up call. It’s very much appreciated (whilst simultaneously being incredibly sad for the entire country)
Very interesting. I live in outer London on the other side, north. The reason prices are so high here is people want to live here. It is like New York, Sydney, Berlin - they are all the same. Part of the reason is many many many more people (18m more in the UK than than when I was born with so many wanting to work where jobs are), another reason is I was paying 17% mortgage interest in the 80s and my current rate (paid the mortgage off last week - I am an old person now) was 1.34%. London is not for everyone but it is vertainly a great place for a first job and to have fun with your friends. Outer London is a perfectly decent place to live
"I'm talking about central London - Zones 1-5." Lol! Zone 5 is almost out of the London suburbs! I knew one Londoner who said "there's nothing after Zone 2". Not true, of course, but Zone 3 is more or less where outer London (suburbs) begins.
i live in Tottenham just up the road from your first property.. pay over £1000 to live in a warehouse, no heating, no bathroom.. just a sink, shared toilet...been here 15 years, thought i was just passing through! lol.
Amazing video - thanks so much. Liked and subscribed :)
I lived in London for a while when I was a lot younger. Could only afford a grotty one bed flat in East London. Never again! We live in rural West Wales now, and will be retiring to the Forest of Dean. Our budget will get us a lovely detached bungalow with plenty of space around it.
I was brought up in East London in the early 60s ,moved out in 83 , you could not pay me to live there
now
I live in London but will be looking at moving the coast shortly. West Sussex or Dorset. Very nice places and need to be by the Sea!!
Great channel , i also live near Crystal Palace (not a shared flat), 2 bed , quiet with lovely views ,, £1300 p/m, with a great landlord who hasn’t increased in 5yrs
I reckon you might be one of the lucky ones. A good honest landlord is hard to come by these days.
Thank you for watching mate I really appreciate it 👍
@@wanderingturnip welcome mate , good to see a channel like this ,
I know I’m well lucky to have a decent landlord, But I’m also a Landlord too , so we both know what it’s like , so I take care of the place , so he takes care of me too
All the best with your channel
Damp and mould four foot up the wall - "that'll just need a bit of cleaning and replastering"
Horribly decorated otherwise fine bathroom - "that'll need a lot of work"
Hmmmmmmmm.
Fun video, enjoyed it!
Loving these videos fella. Keep it up!
Thank you I appreciate it 😂
I really feel for the young people wanting to live in London these days. When we first left college and came to London in the Seventies we were house sharing, rent was £30 each, yes £30 each, a MONTH. Total rent was about 260 a month for a decent sized semi detached property. Taking into account wages were much lower then, the rent was about 25% or less of earnings.
There are a lot of properties in London that are owned by the rich as investments - but no-one actually lives in them.
The ending was class.
Thank you for doing this. Great video and a super Channel. That coat is also essential to the brand
Cheers for watching! I made a film today when the jacket had to come off but far too nice outside for a coat 😂😂
Thank you, nice tour.
I thought the Railway Tavern closed about 7 years ago as I remember it being open but looking up online it closed in 2007, I had to move out of London because it became too expensive for a single person to rent a 1 bed flat on a low income/wage but I still work in London and the commute is my 2nd largest outgoing after rent (excluding deductions) now being out in the relative countryside and outside the M25.
Cheers for that info about the railway 👍 how long does your commute take?
@@wanderingturnip 20 min walk then 13min from Broxbourne, Herts to Tottenham Hale, about 6 trains an hour so good service however £7 each way peak, luckily I often leave before peak cuts in at 16:00 or sometimes get a lift otherwise £14 a day soon adds up over the month to around £300. Driving the same journey takes around an hour and for my oldie car ULEZ charge ontop so driving costs more for me but I love trains anyway so the commute is ok apart from the cost
ruclips.net/video/fiMc0Pw84VQ/видео.html - Beautiful House Lowest Price Start from 5000$
Brilliant Vid, excellent content! Living in London, I would say you absolutely nailed it with this vid. We saw a good comprehensive range of properties in your chosen category and I thought your Vox pops really demonstrated the London problem. Will it ever end… no I don’t think so; there will always be a turnover of young(ish) people coming through the door.
The price comparison with the north while stark and quite amusing belies the fact that as we know London is where the money is. ….. Interesting comparing the auction properties sale prices. One went 20% over guide, whist the other was only 10% over.🤔
I appreciate it cheers. I spoke to a lot of older people who had such interesting stories, they just didn’t want to be on camera. But hearing the contrast between people who had bought in the 70s for virtually nothing, in comparison to a guy living in a flat with 9 others…was really crazy
Great channel, keep the videos coming!
This was really enlightening
I used to live in London from 2005 up to 2015. London is a great place of opportunities and a good place to progress with a career. However, the cost of renting and buying is criminal. I worked within healthcare industry both private and the NHS. I could not imagine buying a property, even saving for a deposit was unrealistic, having to support a child as well. In 2015 I have decided to move to Nottingham. I was able to save up and buy a property just after 4 years. In 2022 I have sold my Nottingham property with profit and invested in a bigger and better property in Rotherham. It was the choice I don't regret. If I was to stay in London I would probably still rent and struggle.
He's selling up for a mansion in Beirut next.
Rotherham is an interesting choice. I saw some wild stuff whilst I was there for work.
@@luke8329 still better than London I suppose 😂😂😂
@@Marz2727 I'm not directly in city centre, in fact I've been there only once.
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