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The House That £100K Built

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Martin

With house prices out of the reach of many people and banks refusing to lend, buying a home in the UK is becoming an impossible dream. So a few brave but ordinary souls are trailblazing what could be the solution for all of us - trying to build their own house from scratch.

Architectural journalist and critic Kieran Long and award-winning architect Piers Taylor are following self-builders as they take on the biggest gamble of their lives. Kieran and Piers will try to help them create the house they've longed for. But all have less than £100k to spend, little or no experience and life savings on the line - it won't be easy.

Martin Whyment is desperate to get on the property ladder. A young man running his own pizza van business, he has saved enough money to buy a backland site in the centre of Leeds to build himself his first home. But when the bank refuses him a mortgage, Martin is left with only one option - to ask his retired parents to lend him their own hard-earned savings. And for an ex woodwork teacher and school administrator that represents a huge gamble...

Kieran and Piers are keen to help Martin achieve his dream but with his parents' cash at stake, they have an extra responsibility to navigate him away from making costly mistakes. Martin has an incredibly ambitious plan to build a four-bedroom house, but hemmed in by an awkward plot and overlooked by other homes, Piers proposes some radical cost-saving ideas to open up the house and let more light in. Martin remains dubious of the architect's ambitions for his home, but Piers hopes a trip to an award-winning property in Wales will make him change his mind.

Fingers cross the programme will highlight the possibilities of self-build rather than just another ramping of house prices.

Any Leeds HPCers, who can give us inside knowledge on local land/house prices? or even better the self build house in question?

The two presenters are on Twitter.

kieran long

Piers Taylor

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I like watching these sort of programs, but it's all a crock of shit really. the 100k will be for the house build, I'd doubt the land price is included (unless it'a a building plot on original land which is being classed as free) so it's likely a 170k-200k house all in. A decent sized repo could be bought for better, for most. Or if you could build anywhere and build yourself could be done for £5k-£75k easily. The guy who built his own hobbit style house in his parents back garden for a few grand is getting hassle from the council and they want it returned to it's original condition ie bulldozed. same for other people doing it on "non" building land.

I would like to build a big Cob house on a bit of cheap one acre agricultural land (approx 5k an acre), a nice big devon style long house. Could probably build a 200 sq m house for under a 100k, doubt if the powers that be would let me just do that though.

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I like how they try and normalize £100k. Not so long ago £50k would build a very liveable house. Without lifetime debt servitude £100k isnt cheap for about 4/5ths of people.

https://www.gov.uk/government/statistical-data-sets/live-tables-on-housing-market-and-house-prices

1990 to buy one for £50,000 on average according to the table at the link above.

So maybe 1995 to build one for that price?

Oh how the times have changed!

Edited by 98% Chimp

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I like how they try and normalize £100k. Not so long ago £50k would build a very liveable house. Without lifetime debt servitude £100k isnt cheap for about 4/5ths of people.

£100K for what size of house? There's no way that includes the land cost and stamp duty, plus there's all the planning fees and the S106 roof tax which runs at £20K for a 4-bed house in my area.

I've just built two reasonable-sized 4-bed houses (175m2 including an integral garage) in Reading for £1250 per m2 plus another £25,000 per house for utilities, driveways and landscaping. That's a build cost of £243,750. The land cost was another £200K per house, and the planning costs, S106 tax and loan interest charges were a further £32,000. Total development cost = £475,750 per house.

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I'm guessing this is very typical BBC property porn, stringing along those who will never afford a home to ramp up their ratings. It's about building a dream home rather than simply somewhere to live. And while they do this, house price rises are shamelessly portrayed as "great news" & a sign of economic recovery :lol: When in fact rising prices and bubble economics are a sign of disaster.

100K including the land? Dream on.

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£100K for what size of house? There's no way that includes the land cost and stamp duty, plus there's all the planning fees and the S106 roof tax which runs at £20K for a 4-bed house in my area.

I've just built two reasonable-sized 4-bed houses (175m2 including an integral garage) in Reading for £1250 per m2 plus another £25,000 per house for utilities, driveways and landscaping. That's a build cost of £243,750. The land cost was another £200K per house, and the planning costs, S106 tax and loan interest charges were a further £32,000. Total development cost = £475,750 per house.

Cor, it's an expensive business isn't it? trying to house oneself.

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(...)

Any Leeds HPCers, who can give us inside knowledge on local land/house prices? or even better the self build house in question?

(...)

Building costs table (for a serviced plot): www.homebuilding.co.uk/system/files/Build_Cost_Table_August_2013.pdf

It includes 5 variables:

"Build route": (DIY + Subbies) , (Subbies) , (Builder/Subbies) , (Main Contractor)

Standard: Standard, Good and Excellent

Storeys: single or two

Size: >90m2, 91-160m2, 161m2+

Region of the country: Greater London / South-East / NW, SW, East & Scotland / Mids, Yorks, NE & Wales

In my case I would have to go for: a small, standard, 2 storey, SE. I can only chose between main contractor = £1089/m2, and Builder/Subbies = £1034.

But this is all pointless, as there are virtually no serviced plots for sale in this country, thanks to our fecking planning blockage.

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Fingers cross the programme will highlight the possibilities of self-build rather than just another ramping of house prices.

(...)

I saw the BBC's advert for that show, and it "ain't" promising... Instead of the normal route, in a normal country (chose a plot amongst hundreds in your desired area, and hire an architect and a builder), the BBC goes instead for the "nutters" stereotype. The advert for the show starts with a series of hapless amateurs DIYing and blundering about, one crying, another running out of money (to the last few coins), others almost injuring themselves with a heavy machine, an older man obviously "eccentric", etc.

Do not hope for too much.

Besides, the main bottle neck is the planning system favouring big builders, in detriment of self and small local builders.

I doubt the BBC will deal with that appropriately, if at all.

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I like how they try and normalize £100k. Not so long ago £50k would build a very liveable house. Without lifetime debt servitude £100k isnt cheap for about 4/5ths of people.

The presenter was on Breakfast TV this morning. £100k for the house, £100k for the land, location had a bit of a view but still hemmed in.

Very much like normalising extortionate housing costs. £200k (and the rest) is a lot of money and debt.

Prescott had a £60k home scheme in London in the late 90s, then he gave up and decided to get on with his own career. ;)

Edited by tinker

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The presenter was on Breakfast TV this morning. £100k for the house, £100k for the land, location had a bit of a view but still hemmed in.

Very much like normalising extortionate housing costs. £200k (and the rest) is a lot of money and debt.

Prescott had a £60k home scheme in London in the late 90s, then he gave up and decided to get on with his own career. ;)

Let's keep in mind that rural land costs just £10k to £15k per acre, enough for 10 to 20 houses.

It's our planning blockage that makes building plots so rare and consequently so extortionately expensive.

That same acre with planning permission for those 10-20 houses would go up in value from those £10-15k to around £1 million - or double that in the SE.

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Let's keep in mind that rural land costs just £10k to £15k per acre, enough for 10 to 20 houses.

It's our planning blockage that makes building plots so rare and consequently so extortionately expensive.

That same acre with planning permission for those 10-20 houses would go up in value from those £10-15k to around £1 million - or double that in the SE.

It should go up quite a bit, of course, because infrastructure (roads, drainage, sports facilities, public transport) should be built to accompany new housing.

The local authorities should raise money from selling land to private builders but would need to be responsible for the infrastructure and price this in.

Oh sorry, I'm in la-la land again, I forgot I live in Switzerland not the UK.

In the cantons of Vaud and Fribourg, it works like this. I can buy a 1000m2 plot for about 120kGBP. Geneva is like the UK times 10. :angry:

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£100k... that's about $155k

The Korean chaebol HANWHA is building a 100,000 housing units in Baghdad Iraq with all the dangers and additional expenses and difficulties in logistics and supplies for about $60k (£37k?) per 120m2 housing unit, and that includes all facilities... roads, sewerage, landscaping, power stations, fire stations, police stations, schools, nurseries, even playgrounds....

http://www.skyscrapercity.com/showthread.php?t=1436435&page=22

Note that LABOUR prices there (including insurance, and local labourers) will probably work out about the same / or even higher than in the UK (which is why they're building the biggest precast plant in the world for the project.

I think for 3x the price in a peaceful country with developed logistics should do slightly better... Perhaps 250m2 apartments? Or maybe 150m2 but adding tram / trolleybus networks and electric vehicle recharging points in the car parks. The possibilities are endless... from a purely technical perspective. Use up some of the golf courses in the greenbelt in North London... within 5 years you could create entire new neighbourhoods with all services for £6-£7Bn... you could save more than that from the reduction in HB/LHA alone!

But then what would happen to the values of grotty 40m2 basements which are being flogged for £400k and the LIAR LOANS secured on them?

Edited by hayder

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It should go up quite a bit, of course, because infrastructure (roads, drainage, sports facilities, public transport) should be built to accompany new housing.

The local authorities should raise money from selling land to private builders but would need to be responsible for the infrastructure and price this in.

Oh sorry, I'm in la-la land again, I forgot I live in Switzerland not the UK.

In the cantons of Vaud and Fribourg, it works like this. I can buy a 1000m2 plot for about 120kGBP. Geneva is like the UK times 10. :angry:

I meant just the planning permit really, before any utility is brought to the land. The value goes up x100.

Besides, for an acre bordering or near a village/town/city it doesn't cost much to link services to the existing infrastructure.

We don't need to build huge estates in one go. We should allow a more organic growth, just a little, but everywhere, surrounding existing housing - probably like what you have over there in Switzerland, no?

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I meant just the planning permit really, before any utility is brought to the land. The value goes up x100.

Besides, for an acre bordering or near a village/town/city it doesn't cost much to link services to the existing infrastructure.

We don't need to build huge estates in one go. We should allow a more organic growth, just a little, but everywhere, surrounding existing housing - probably like what you have over there in Switzerland, no?

Self build is not unusual in Japan, but you won't get a plot for 10 to 15k or anything like it

Here's an example plot plucked at random which looks fairly typical - the first one in the list is offering 160 to 300 m2 for 6.2 to 7.5m yen. Average household income in Japan is about 5m yen. It is in Okayama a medium sized city.

http://smp.suumo.jp/tochi/okayama/sc_202/

Edited by FaFa!

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Self build is not unusual in Japan, but you won't get a plot for 10 to 15k or anything like it

Here's an example plot plucked at random which looks fairly typical - the first one in the list is offering 160 to 300 m2 for 6.2 to 7.5m yen. Average household income in Japan is about 5m yen. It is in Okayama a medium sized city.

http://smp.suumo.jp/tochi/okayama/sc_202/

Sure, I am not saying that the price would stay the same, just £1k per plot (you can build 10 to 20 houses in 1 acre), of course not. But to go up by a factor of 100 is ridiculous.

Your example is brilliant! (Thanks for that BTW). Good sized residential plots (160 to 300m2), in a medium sized city, for just 20% above average household income?! It would be great if we had the same here!

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Sure, I am not saying that the price would stay the same, just £1k per plot (you can build 10 to 20 houses in 1 acre), of course not. But to go up by a factor of 100 is ridiculous.

Your example is brilliant! (Thanks for that BTW). Good sized residential plots (160 to 300m2), in a medium sized city, for just 20% above average household income?! It would be great if we had the same here!

I will try to find the time to have a proper dig on the website. Be warned Okayama is not like the SE of England. I am not familiar with it, but I think the Midlands would be a better comparator. I didn't check the desirability of the location very well either.

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I will try to find the time to have a proper dig on the website. Be warned Okayama is not like the SE of England. I am not familiar with it, but I think the Midlands would be a better comparator. I didn't check the desirability of the location very well either.

Yes, I was expecting that, but even if we compare your prices with our "provincial" cities, say our average income is around 30k, those plots would cost less than £40k! That is less than half what plots of that size would cost here. Besides, Rightmove doesn't even have a section for building plots! UK property sites simply don't have this section! I don't know of any other country where that happens.

.

Edited by Tired of Waiting

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just a cheap grand designs...Surprise surprise, his parents are bailing him out...with a £100k "loan", and on a £15k wage - where he plans to take out a mortgage to pay them back....Claimed he saved for the cost of the land via property deals, apparently....

Edited by Dave Beans

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just a cheap grand designs...Surprise surprise, his parents are bailing him out...with a £100k "loan", and on a £15k wage - where he plans to take out a mortgage to pay them back....Claimed he saved for the cost of the land via property deals, apparently....

Yep, the land was a bargain at 100k apparently, and he paid for that from ten years 'hard saving' and some mysterious equity from a property deal. So that's actually at least 200k. Seemed to be getting free architectural help too. Final spend not announced, but apparently he did secure a loan to some unspecified amount so he could pay his parents back some of the jumbo loan. Estimated final value 400k.

Not a freaking chance.

Q

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