#PROPERTYOFTHEDAY #44: 4-bedroom detached house – Harwell, Oxford

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On propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal. Today we are highlighting Lesters Estates Agents in Harwell, Oxford and their lovely 4-bedroom … Continue reading

#PROPERTYOFTHEDAY #43: 4-bedroom detached house – Ewelme, Oxford

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This gallery contains 14 photos.

On propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal. Today we are highlighting Lesters Estates Agents in Ewelme, Oxford and their lovely 4-bedroom … Continue reading

#PROPERTYOFTHEDAY #12: 3 Bedroom Terraced House – Walton Manor

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On propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal. Today we are highlighting James C Penny Estate Agents in Oxford and their lovely 3-bedroom … Continue reading

Home buyers willing to spend an hour travelling into central London can save up to £480,858 on the cost of buying a home.

Property prices are about 60 percent lower than London in towns such as CrawleyWindsorRochesterPeterborough, and Oxford, with average house prices of around £316,000.In comparison, the average cost of a home in London travel Zones 1 and 2 has reached almost  £800,000, according to the report by Lloyds Bank.

Wellingborough in Northamptonshire emerges from the study as the least expensive commuter town with an average property price of around £197,000, followed by Kettering, also in Northamptonshire and Peterborough in Cambridgeshire, a close third.

Of course, property prices can’t be the only financial consideration when considering a move outside of London. The current annual rail pass for commuters traveling for 60-minutes costs an eye-watering £5,169 on average, but if the sums stack up, you could buy 93 years worth of travel with the average savings made on the property.

THE CHEAPEST COMMUTER TOWNS WITHIN AN HOUR’S COMMUTE OF LONDON

Town County Average house price (July 2017) Fastest train to central London
Wellingborough Northamptonshire £197,743 51 minutes
Kettering Northamptonshire £206,873 59 minutes
Peterborough Cambridgeshire £207,458 53 minutes
Swindon Wiltshire £234,466 59 minutes
Chatham Kent £234,652 54 minutes
Rugby Warwickshire £237,263 50 minutes
Northampton Northamptonshire £238,306 48 minutes
Luton Bedfordshire £250,593 24 minutes
Sittingbourne Kent £254,457 60 minutes
Basildon Essex £259,176 38 minutes

Source: Lloyds Bank, Land Registry, ONS

 

TOWNS WITHIN A 40-MINUTE COMMUTE OF LONDON

If an hour-long commute sounds too much, there can also big savings to be made on 40 and 20-minute journeys, the research from Lloyds Bank reveals. 

Homes in towns such as HatfieldBillericayOrpington and Reading cost just under £425,000 on average, which is almost half the cost of central London prices. An annual rail pass costs around £3,615 for a 40-minute commute. Even traveling just 20-minutes can save homebuyers almost £300,000, with rail passes from towns such as Ilford and Elstree costing £2,481 a year.

The distance between a potential new home and the office is a key factor for many house hunters, but Andrew Mason, mortgage product director at Lloyds Bank, believes commuting is an option worthy of serious consideration.

Not only do you get more house for your buck outside of central London, but commuters living in the 10 most affordable commuter towns are earning over £9,000 more per year on average than they would be in their place of residence.

“Commuting to London is a smart move for those wishing to benefit from the higher wages on offer while buying a cheaper and typically larger home,” he said.

THE TOWNS WHERE IT DOESN’T PAY TO COMMUTE

There are, however, a handful of commuter towns that command higher house prices than central London. Homes in Beaconsfield, for example, cost an average of £1,054,000, with Gerrards Cross (£903,000), Ascot (£824,000) and Weybridge (£822,000) also more expensive.

Commuting to other major UK cities is unlikely to be cost-effective.

Homes in the second biggest city of Birmingham cost £182,000 on average, yet the towns of DerbyCoventryBurton on Trent and Leamington Spa - all roughly 40 minutes away by train – command significantly higher average house prices of £225,000.

The situation is similar in the third largest city of Manchester, where the average house costs £175,000. Go house hunting in the nearby towns of MacclesfieldChorleyWarrington, however, and you can expect to find higher average house prices of £216,000.

 

7 WAYS TO CHEAPLY UPGRADE AND UPSCALE YOUR SPACE

Ever looked inside a home and lifestyle magazine and seen the exquisite homes and expensive looking decoration and wished that your home could look like that. Well, it can! And it isn’t too costly either.

We’ve curated and listed below our top 7 tips for upgrading and upscaling your space:

TIP #1: Clean or Conceal the clutter

First things first we’re the realist… clean the clutter. To achieve that expensive look, we recommend either cleaning/detoxing the unnecessary clutter or hide it with a good storage system that could easier be decorated with a nicely textured cloth or key ornaments.

TIP #2: Paint the floors, not just the walls

Try the unconventional method of painting the floor and not just the walls. Some of the most expensive looking spaces have the best floors. Try a monochrome pattern on the floor, ie. black and white vertical lines.

TIP #3: Organise & Conceal wires

More concealing! A lot of the times we have many little wires all over the floor, hanging on the wall and they’re basically everywhere. They don’t do your living space much justice, to be honest. So hide them! And not just a basic tape work; but branch into the various DIY projects the internet has to offer, such as hiding the wire in boxes or disguising them in the finishing on the wall.

TIP #4: Upgrade switch covers

I’m honestly trying to avoid using the word conceal again, so instead, I’ll use a disguise. Disguise those old light switches with fancy new covers. Or better yet, spray paint or just liquid paint them with the colour of your taste in a metallic finishing. That ought to do the trick!

TIP #5: Retouch & Upgrade hardware

To continue the topic of disguising, why not disguise the hardware around your home also. Switch those old looking door handles to crystal door knobs; they automatically add an element of elegance and luxury to any space. Also, the hardware at the corner of the doors, your kitchen counter, your bathroom floors spray paint those in a waterproof stainless steel gold/silver colour as they will also automatically upscale any space.

TIP #6: One Statement Piece

Most luxury homeowners have that one statement piece that they love to brag about, and why’s that? Well, it might be due to the fact that it actually is a statement piece. Now you don’t necessarily have to go completely out of pocket; but if you’ve got a liking for a certain style of artwork, why not get it blown up in your local photography shop to the largest size and have that one painting/artwork displayed in your living room. That will definitely make a statement.

TIP 7: Simplify your room styling

Now for our final tip. Simplify your room styling.

In order to get that expensive, yet simple living look, don’t do too much. You don’t need to have so many pretty ornaments or too many metallics in one room. Space it out across your living space and make every room a statement.

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Also if you have any tips that you could recommend to us, share them in the comments and we’ll be highlighting them in our upcoming articles in the Home Improvement series.