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Depends on the size of the house. However - I can quote you an accurate example... When I was young, my mother rented our home (a 2-bedroomed terrace house) from a private landlord. In 1975, he gave my mother the option to buy the property. The property was valued for mortgage purposes at £6,000

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6y ago
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14y ago

The average three bedroom brick veneer house in outer suburban Melbourne would have cost around $10,000 AUD, maybe a little less in 1970. The same house is worth around $400,000 AUD now.

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6y ago

I bought my first house in London in 1967 for £5500. I sold it 10 years later for £15500. It is now worth about £650,000.

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Q: What was the cost of a house in 1970 UK?
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