The Cheapest Houses For Sale In London In 2023 

@Ruthe-n8v That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@Ruthe-n8v The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

@Ruthe-n8v I will give this a look, thanks a bunch for sharing.

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.

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

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.

😊😊😊

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?

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.

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.

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.

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.

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

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!!!!

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... ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-E7-Qq-41M7Q.html

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 😂

😂 and "decent"

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. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-E7-Qq-41M7Q.html

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$

I'm going to live with you. 😄

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.

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

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.

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

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.

It's nothing to do with the market conditions/minutia. It's overpopulation. It's all about supply and demand, same with our poor resiliance to food shortages and price hikes. Until the population steps in line with the size of economies and size of the island, house prices will always be high. It's the first law of economics supply and demand. The only way the house prices will go down a bit is if wages go down, but then you are exactly where you started. Another example is this fabled myth of the green economy, its good for sustainable energy (I like this) but we are a medium size island and the only big money will be made by the countries that have the natural resources for components. In the past we would have the patents, industries and educated people to trade goods to make the resources cheaper, but now all those 3rd world countries are now industry giants with patents and a good economy, so the only people that will make 'serious money' that you can constitute as an upturn are the bigger land masses with the resources. We need to face we are an old power, a middle sized island with little of our own fishing waters and very few resources that aren't tied up.

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

Same. Maybe to Japan

Yep spot on

Oh really. Thanks for this. As if nothing has been done with it since

I was brought up in East London in the early 60s ,moved out in 83 , you could not pay me to live there now

Hey nice one mate I appreciate that 😃

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.

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

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.

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.

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.

My advice, go where the rent is cheaper and the pace of life slower, if that’s the North then come on up. Loads of great cities up here, Manchester, Leeds, Sheffield, Newcastle. To name a few.

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-fiMc0Pw84VQ.html - Beautiful House Lowest Price Start from 5000$

Thanks! I appreciate you watching 😀

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!

Damn imagine what those streets in Hebden are worth now 😂 Thank you, I appreciate that 👍👍

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...

Better prepare that one wheelbarrow of cash will only be worth half a barrow the following week there

@@voice.of.reason I just returned from BA last month. Foreign credit cards now pay the Dollar Blue rate which means I won't have to use much cash.

I know a friend of mine, he left the UK with only 4k... and lives in Indonesia.. and has a wife, kids, and also actually a business. lol..... Sometimes I question myself too !!! lol.... The financial crashes had been so bad.. over the years.. and nobody knows where they are etc... So.. I dunno what else to say, really. I don't even know which way to go any more either. As in, what is the "alternative" ????.... Like, really ?....

But somehow islam people and Indians got big houses and live there for generations how is it possible?

@@Anticommunism99 Don’t bring that BS here plz

​@@Anticommunism99aspirations. Tough education. Immigrant zeal. New jobs. But don't worry. We are all burning out.

@@Anticommunism99 you're right.

Either very high skilled or socially housed ethnics are the only ones able to live comfortably in london now

Owner maybe died with no will or relatives. Long process before it reverts to state ownership.

Repossession or evicted renters. Once a landlord gets owed £1000s in back rent they can’t afford to repair the damage done by tenants who vandalise the property before getting thrown out.

Vagrants, squatters

Financial crashes? And don't expect that this would continue forever though either. So.... A lot of people literally are just running off and kept flipping.. for their entire life. So...

Shocking! Also depressing when you realise you are below the average wage 😂😂😂

Yeah I was far too optimistic 😂😂

Keep up your video's mate, there very interesting and im looking forward to more.🇬🇧👍

Interesting. How can you tell they are ex council?

One of the house (when the guy spoke to the neighbour said he paid very little. )so i guess they was brought from the council. And the estate which one was on.3rd one i think. Also the last one was in newham and before the right to buy their was mostly council. But i could be wrong. Just my opinion 🤷

Ah interesting, cheers for this

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

No way. I wonder what the price was on that 15 years ago

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

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-fiMc0Pw84VQ.html - Beautiful House Lowest Price Start from 5000$

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.

That would be sick

Yeah I realised my optimism was a bit too hopeful 😂 cheers for watching

Well mostly English and those who are born here struggle. People born outside have the know how to succeed such that my illiterate(in English) mother owns two fairly decent three bedroom houses near national football stadium. So yeah, change the way you play the game or au revior mes amies.

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.