House Prices

[securespark]

This house was up for sale in 1959 for just under 3 grand.

Allowing for inflation, what should it be worth today?

 

[Brigadier]

I wouldn't know, but the house that will now be where that one was would be pretty pricey.

 

[crystal ball]

500k

 

[JP_]

£57,851.25 in 2020

https://www.inflationtool.com/british-pound/1959-to-present-value?amount=3000

 

[fillyboy]

Copper plumbing and a fitted kitchen. *whistles*

750-800k today?

 

[Bodd]

£450,000

 

[sodthisforfun]

Am a bit sad (and bored), went to look for something similar
https://www.rightmove.co.uk/house-p...l?prop=51109435&sale=46675875&country=england
not changed much have they?

 

[ReganAndCarter]

Lot better that the shoite they're throwing up these days. Decent sized garden too compared to today with just about enough space for a rotary line.

 

[Diver Fred]

£70210

according to https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

 

[Munroast]

Interesting when you compare house price to wages
in 1959 house £3,000, average wage £700 per year - so house = 4.3 years of wages

same house now £325,000, average wage £25,000 per year - so house = 13 years of wages.

 

[JohnD]

Mottie doesn't believe it.

 

[Brigadier]

Am a bit sad (and bored), went to look for something similar
https://www.rightmove.co.uk/house-p...l?prop=51109435&sale=46675875&country=england
not changed much have they?

The owners look like they haven't changed the decor or furniture much in all that time, judging by pic 3

 

[empip]

Around £300,000 8% average property inflation for Desborough Avenue - £2950 in '59.

-0-

 

[EddieM]

For someone who knows High Wycombe quite well, I can tell you Desborough Avenue is not even a desirable part of town, quite the reverse.

 

[securespark]

I can see there's quite a mix of res., retail and commercial.