Young couple buy four-bedroom house by avoiding avocados and lattes
Stanley Farquharson III and his wife Charlotte-Emily (nee Cambridge), who met whilst students at Oxford University, have purchased a four-bedroom family home in the leafy Dulwich-Herne Hill corridor of South London for a sum of £900,000.
Stanley Farquharson III and his wife Charlotte-Emily (nee Cambridge), who met whilst students at Oxford University, have purchased a four-bedroom family home in the leafy Dulwich-Herne Hill corridor of South London for a sum of £900,000.
The success of Stanley, 29, a freelance critic of art in public lavatories, and Charlotte-Emily, 28, a designer of boutique Christmas jumpers for kittens (pictured below) demonstrates that young people can get on the property market if the couple prioritises it.
To support their ambition, the couple came to an agreement to limit takeaway lattes to every alternative day, and to only buy supermarket own range avocados. Combined with a £800,000 gift from their parents, this allowed them a sufficient deposit to safely cover the remaining mortgage.
Both shared their stories of sacrifice to the OMS, with Stanley admitting:
“Last Christmas we even rejected a skiing invitation from the Plantagenets and instead settled for my father’s bolthole in the country”.
The Farquharson’s further compromised on their ideal home by buying south of the river, avoiding more expensive areas such as Kensington and Pimlico. This was a brave decision which set them apart from their acquaintances.
Charlotte-Emily claimed that “Many of my friends have said they’ve never been south of the river before and are reluctant to visit us. However, Dulwich is a lovely area. It is surrounded by Peckham, Brixton and Camberwell, which is a pity, but as long as your doors are locked and window darkened it should not be much of an ordeal”
Her father Lord Rupert Wheelbarrow-Cambridge, 66, commented:
“We raised our little girl to always be thrifty with money, advising her to spend no more than the interest on her trust fund, and keep the remainder for asset accumulation. Such principles have kept our family secure since William the Conqueror”.
Her mother Lady Marie Antonella Cambridge (nee Brookes) followed:
“we think this sends a message of hope to other young people that a bit of sacrifice and a few years of grit will get you over the line”.
The Farquharson’s look forward to settling into their local area and have already taken part in some neighbourhood activities such as signing a petition against a planned housing development for vulnerable women escaping violent partners three miles away.
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