It amazes me the price of property, and even more so how people are managing to make their mortgage repayments.
As of May 2017 the average house price in the UK is £220,713.
Property prices have risen by 0.5% compared to the previous month, and risen by 4.7% compared to the previous year (source)
We cannot get a mortgage, so have to rely on funds from the sale of the boat and the little bit I’ve managed to put away plus our pension pots (it’s gaining pence in interest, so why not use it?)
Our budget is way below the average house price, but is enough if we are careful.
We have three properties lined up to view on Monday. They are just a considerable distance away from us, and each other!
We can spend more towards the top end of our budget and get less : ie. a one bed terrace house or a park home, flat/apartment or retirement home with strings attached (read maintenance fees which could amount to several thousand of pounds a year on top of local taxes and living expenses), or we could move further afield and get more property for our money such as a two/three bedroom detached bungalow like we are viewing next week.
In the past three weeks, we have clocked up over a thousand miles and viewed ten properties. Monday will see another four hundred miles at least.
I have lost count of the number of properties we have viewed on the internet and done drive-bys via google.
After this week’s disappointment, we are more aware, more vigilant, and more indepth with our enquiries before we get in the car. We line up a variety that interest, plot them on the map, and then contact the agents to arrange viewings ‘in a row’ and sensible time frames.
It will mean getting up around five o’clock on Monday morning so that we can have breakfast and walk the dog before we leave. Our first appointment is 11am, but 152 miles away, so we need to be on the road by 6am at the latest so that we can avoid rush hour traffic when we hit the main towns en route. There are motorway connections, but they are probably the busiest and most accident occurring in the country, so we are keeping to the main A roads, which actually reduces the distance by over 25 miles.