Want a cheap house? Get out of London

If you want a cheap house, you might remember that the main part of housing costs is not the house but the land and head as far away from London as you can. Dowle Smith Rutherford has a charmer of a cottage for sale in Shetland.

It isn’t very big (just the one room) and it hasn’t much in the way of services (none). Or an access road for that matter. But it is very pretty,  it comes with stunning views, it’s a house in the UK and it will set you back a mere £12,000. That’s around a tenth of the cost of a London garage.

This has made me think about the idea of a location tax again – I’ll write more on it soon but here are my thoughts from earlier in the year.