I rented a 3-bed semi detached house in 2016 for £550 a month in Swadlincote. Mind you that was "mate's rates". After I bought my own place in 2017 they had to spend quite a bit on it and still only get £650 a month.
the students opposite us in Egham pay 500 quid a month each for a room in a 5 bed house so 2,500 a month when fully occupied
When we bought this 3 bed detached new, our friend who lived in London spent the same amount of money on a new studio apartment, something along the lines of this https://www.rightmove.co.uk/properties/71091318 His has quadrupled in price going on this property whereas mine has just over doubled in price. Ridiculous prices down south.
£650 a month for my place in Wentworth. Rented from the Fitzwilliam Estate. Former stables & coach garages. 270 years old. 4 rooms + kitchen bathroom & one of the old garages, massive garden & a couple of small, attached out buildings. Quirky as fck, wouldn’t suit everyone, only a weirdo like me. People think Wentworth’s dear, but to be honest, it wouldn’t be much cheaper if it was in Elsecar. It’s got it’s problems- damp etc. & the estate wants me to move to another house, probably smaller, so they can do a full refurb.. Got my eye on this one. Number 97zz https://wentworthestate.co.uk/category/properties/
My partner does a one bedroom self-contained flat or bungalow flat for 400 a month. She should really put them up but she keeps them full and some have been occupied for 5 or 6 years.
This is why people should be taught in school that saving straight away is so important. The quicker you can save up a deposit by foregoing a few nights out and holidays abroad the better your life will be forever. Not that anyone is allowed a night out or going abroad anymore
Are you suggesting it's not quite as important to know exactly how photosynthesis works and more important to know how to live as an adult?
2 bed houses are around £2,000-2,500k a month round here, flats vary massively depending on if new build or ex local authority, around £1,500 to £2,500. 3 bed houses, £2,000 to £3,250. We rented a 1 bed flat for about 6 months when we had building work done about 2 years ago and that was £1,250 a month.
The big problem is that schools can only teach what is on the curriculum and no government as yet has decided that they want the population to not be in massive debt.
Schools can't teach everything. As a parent I have talked quite openly about money, mortgages, bills etc with my children.
There's been huge amounts of development around Elephant & Castle and towards Walworth (bizarre to think I'd go through there every week and I've not seen it for approaching a year now!). I moved here in 2006 and spent over double what I sold my flat in Sheffield for. Since then it's trebled in price and the same flat in Sheffield is less than what I sold it for. Yet that place was bigger, quieter, more energy efficient, wasn't over a flight path, was in its own grounds surrounded by woodland and greenery. Mind you, I don't have Sheffield Wednesday players as my neighbours.... so that may account for some of the price difference!
I agree, it seems strange that kids aren't taught basic finances of how mortgages, pensions, loans and investments work.
wish someone taught me about it, my dad was a spit on your hand and shake kind of guy,discount for cash,my word is my bond, all I ever knew, doesn't work in the computer says no world of today, good job he dead, all that spitting he would never have bought anything in covid times