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How cheap is the cheapest home for sale in your city/region? (self.asklemmy)

submitted 8 months ago by ericbomb to c/[email protected]

153 comments fedilink hide all child comments

In Utah County the cheapest "House" for sale is 600 square feet, 2 bed, 1 bath, at $300k.

So at current interest rate it would be $1,800 a month mortgage(assuming you put the 60k down payment! A decent amount more if you do 3% down.)

The cheapest condo/town in utah valley is 205k, 1,100 square feet, on a 400 square foot lot. But due to a $500 HOA fee the monthly cost is still 1,700 a month (assuming 20% down).

With 3.5% down they'd both be closer to 2.1k +PIMI.

So yeah, how is where you live doing?

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[–] [email protected] 8 points 8 months ago (2 children)

315k GBP for a 2br 'period property' (aka a disgusting dilapidated horder house with the energy efficiency of a tent)

Figure in another 100k and a year to fix it, due to how UK contractors work.

[–] [email protected] 2 points 8 months ago

London? Or somewhere close?

[–] [email protected] 2 points 8 months ago (2 children)

Does energy efficiency make a big difference in the UK? I was under the belief yall had a pretty tame climate. In Arizona it's not uncommon to have days around 45 degrees for months so I know the efficiency really matters.

[–] [email protected] 4 points 8 months ago (1 children)

Its all relative really, because we don't experience extreme temperatures the smaller variations in temperature make a bigger difference to us. It might get up to 25 degrees on a typical summer day and as cold as -10 in winter, but the difference between a day for shorts and a day for a jumper could be only 3 or so degrees

[–] [email protected] 3 points 8 months ago

Totally and the cost of gas or electricity could be higher and that makes it a bigger impact.

[–] [email protected] 2 points 8 months ago

It does because energy is very expensive in the UK.