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The only house very near me which has recently sold for substantially more than that was Laura Ashley's beautiful mansion, which Charlotte Church just bought, but I suppose she could have bought an end of terrace in Hendon instead.
Within reason anyway.
I know plenty of farmers and checkout chicks too just to round it out (and some of those are awesome), but I have no idea why anyone would think city dwellers are better or more interesting people.
I've done gigs in front of 3,500 people three minutes from my house and can call on a guy who mixed half the records my covers band plays for a coffee and/or advice.
Cities can offer a real buzz, but they can also be a lonely grind compared to where I live.
We have a lot of industry heavyweights in the area (Cotswolds).
A guy who scored several Harry Potter films lives just down the road.
And besides there are a lot of non-famous but interesting people, doing interesting things.
I like having a presence in London but I couldn't live there full time.
Studio: https://www.voltperoctave.com
Music: https://www.euclideancircuits.com
Me: https://www.jamesrichmond.com
Let me throw this out there..... Barnet is currently seeing huge regeneration prospects. One of the areas is Grahame Park, an ex-council estate that is slowly being torn down and replaced with flats. It's part of a grand vision dating back to 2008. The mayor put a slight kink into things in 2018 when he demanded more affordable housing, but they've addressed those concerns and the plans are pushing on.
So we actually saw a mid-terraced we could have got for £395K. It was very run down and needed a lot of work. But if you spent £50-60K on it to add an extension, new bathroom, fix the electrics, do all the floors, big open plan space type of thing, make sure there are no more water leaks, etc etc.... you could easily turn a 395K house into a 500K house.
But here's the twist. At some point in the next 10 years, a bunch of CPO's are going to come into effect. Compulsory purchase orders. What they typically do is give you market rate, plus 10%, and then pay all your follow on fees for moving to your next place. So that could easily take it up to £600K by that point. We could extend our equity by £100K.
Which would buy a much nicer place, so when we're old and wrinkly and the kiddos (plural eventually!) have flown the nest, we can fuck off to Tokyo, or the Midlands. I'm not sure which is nicer
But it does mean taking on a heap. An absolute heap where at least one of the rooms absolute reeked of shit and piss.
If you do, it’ll never be a home, and you’ll never be happily settled.
Buy somewhere that gives you a feeling. A warm, fuzzy, happy feeling that it’s somewhere you want to spend a big chunk of your life, with your nearests and dearests.
At least that’s the way we’ve done it.
London is expensive for sure, but I wouldn't trade my friends and family for a mansion. Well... to an extent
The problem I'm having really is deciding whether moving from a semi to a bigger terraced is a good idea or not. I took a ride around the area last night, it's a lot quieter than where we currently are. Got home last night.... loads of kids in all the gardens around us till 11ish at night. Like.. wtf is that about!?
Do you & your missus have a list of pros & cons & does it point in a particular direction?