Iconic Christmas Movie Homes – what would the real-life mortgage look like?

The traditional Western dream Christmas-time is curled up in front of a fire in a family home – and for many this year, that will be the reality, as we share gifts, enjoy festive food, overindulge in chocolate and sit down to watch the Queen’s speech and watch TV.  Hollywood’s most iconic Christmas Movies are often part of the tradition – and the picture-perfect homes are an essential part of the movies, when you recall each movie, the home is central to the memory.

Most of the properties in these films are based on real locations – so in theory, you could buy your own Christmas Movie home.   MortgageKey have taken a look at these Christmas Homes and estimated mortgage repayments for those keen to match the movies in real life.

#1 – Home Alone (1990) – The Luxury Illinois Home

When it comes to Christmas movies, Home Alone is in a league of it’s own. It became the highest grossing film of 1990 and earned a Guinness World Record as the highest-grossing live-action comedy ever domestically.  The story seems to tell the tale of a large but ordinary family who leave a child behind.  However, set in a quaint and suburban setting, the property itself is anything but ordinary, not least because the house is HUGE – and some task for the young Kevin McCallister to protect!  Surprisingly, inflation since 1990 hasn’t been huge on this area, here’s what it would cost you to buy:

Value in 1990: £1,500,000, Today’s Value: £1,585,000

Location: 671 Lincoln Ave, Winnetka, Illinois, Chicago

Typical Mortgage Example

Deposit: £317,000 (20%)

Mortgage Length: 25 years

Interest Rate: 4.0%

Mortgage Type: Repayment

Monthly Repayment: £6,693

Total Interest Payable: £739,891

#2 Elf (2003) Buddy’s Dad’s Apartment

The loveable elf, Buddy, makes the most of living in his father’s extravagant apartment, despite being unfamiliar in his surroundings. Although the character may be out of place, the Manhattan apartment is perfectly situated in the city, and the sort of establishment many of us fantasise about ( just as much as Buddy fantasises about Christmas itself).  However, inflation means you’ll be paying substantially more for the luxury apartment than when the film was made:

Value in 2003: £530,000  Today’s Value: £1,050,000

Location: 55 Central Park West, Manhattan, New York

Typical Mortgage Example

Deposit: £315,000 (30%)

Mortgage Length: 30 years

Interest Rate: 3.8 %

Mortgage Type: Repayment

Monthly Repayment: £3,425

Total Interest Payable: £497,923

 

#3 Love Actually (2003) – The ‘Girl Next Door’s’ House at the ‘Dodgy end’ of Wandsworth

Loveable gent, Hugh Grant, plays David (the recently elected Prime Minister) who falls for Natalie (a new member of staff at 10 Downing Street). We know the Prime MInister lives at 10 Downing Street, which isn’t for sale!  However,  Natalie said she lived in what she describes as the ‘dodgy end’ of Wandsworth.   In fact shots of her home were filmed in Herne Hill, where we see the PM frantically knocking doors to find her.  So could you afford to buy this ‘girl next doors’ simple terraced house?  It certainly is a good illustration of how much prices have increased in London since 2003:

Value in 2003: £255,000   Today’s Value: £1,800,000

Location: Wandsworth, Herne Hill, London

Typical Mortgage Example

Deposit: (25%) £450,000

Mortgage Length: 28 years

Interest Rate: 3%

Mortgage Type: Repayment

Monthly Repayment: £5,944

Total Interest Payable: £647,053

 

#4 The Holiday (2006) The Idyllic English Cottage

This classic holiday romcom is set in a charming, and typically English, cottage in an idyllic Surrey setting.  Kate Winslet exchanges homes with Cameron Diaz – and Jude Law serves as the hunky neighbour who also visits the cottage.  Sadly we can only value the property; we’re not sure if Jude Law will really live next door!  Here’s what it would cost you to buy this pretty cottage in Godalming, Surrey.

Value in 2006: £475,000 – Today’s Value: £725,000

Location: Godalming, Surrey

Typical Mortgage Example

Deposit: (20%) £145,000

Mortgage Length: 20 years

Interest Rate: 3.2%

Mortgage Type: Repayment

Monthly Repayment: £3,275

Total Interest Payable: £206,011

 

#5 Bridget Jones’ Diary (2001) – The London Bachelorette pad

The one-bed flat, come solo drinking saloon, may well be all too identifiable for a lot of lonely Londoners. However, it’s location overlooking the bustling Borough Market made many of us green with envy throughout the first installment of Bridget’s world of mishaps, madness and misfortunes. Yet, we suspect, many of us wouldn’t mind a lifestyle and a little pad just like Bridget’s.

Value in 2001: £190,000 – Today’s Value: £650,000

Location: Borough Market, London

Typical Mortgage Example

Deposit: (50%) £325,000

Mortgage Length: 10 years

Interest Rate: 4%

Mortgage Type: Repayment

Monthly Repayment: £3,290

Total Interest Payable: £69,856

 

#6 About A Boy (2002) The ‘Man Cave’ Bachelor Pad

A film familiar to many because of the Badly Drawn Boy theme tune ‘Something to Talk About’, the little lads outlandish haircut, Will Freeman’s (Hugh Grant) lonely, lothario lifestyle and a duck murdered by a loaf of bread. In amongst that though was Will’s luxurious bachelor pad, earned through the royalties of his father’s famous Christmas song ‘Santa’s Super Sleigh’.

Value in 2002: £345,000 – Today’s Value: £1,500,000

Location: Eastern Central (EC1), London

Typical Mortgage Example

Deposit: (50%) £325,000

Mortgage Length: 10 years

Interest Rate: 4%

Mortgage Type: Repayment

Monthly Repayment: £3,290

Total Interest Payable: £69,856

 

#7 Miracle on 34th Street (1994) – The Picture-Perfect Christmas Home, complete with Snow!

This is the Christmas movie which makes us realise that believing in Santa is just as fictitious as believing in God. Because if “In God We Trust” like the back of the American $1 bill suggests, then in Santa we should trust too. Even more so, if he helps deliver the wishes of little Susan Walker’s who dreams of a picturesque house, the perfect bedroom and baby brother.   As many of us watch the film, we’ll fall in love with the home that was so perfect, even in the film, it’s seen as a perfect Christmas family home.  Here’s what it would cost you for your ‘miracle’ home:

Miracle on 34th street house

Value in 2002: £1,380,000 – Today’s Value: £2,750,000

Location: Forest Lake, Illinois

Typical Mortgage Example

Deposit: (35%) £962,500

Mortgage Length: 25 years

Interest Rate: 2.8%

Mortgage Type: Repayment

Monthly Mortgage Repayment: £8,292

Total Interest Payable: £700,027

 

#8 Bad Santa (2003) Christmas In The Sun

Billie Bob Thornton plays dishevelled, disgruntled and disgraced shopping mall Santa (Willie Stokes). He has an elf side-kick with whom he masterminds criminal activities. However, it isn’t until the naive Thurman Merman, sees the real Santa in Willie and invites him into his grandmother’s home, that we see the full splendour of the property.

Bad Santa House

Value in 2003: £699,000 – Today’s Value: £1,130,000

Location: Whitehall Lane, West Hills, CA

Typical Mortgage Example

Deposit: £226,000 (20%)

Mortgage Length: 30 years

Interest Rate: 3.5%

Mortgage Type: Repayment

Monthly Mortgage Repayment: £4,049

Total Interest Payable: £557,371

http://mortgagekey.co.uk/blog/8-iconic-christmas-movie-homes-much-they-cost/

 

Whether you’re Bridget Jones sat in your own Bachelorette Pad, or realising your dreams in your own ‘Miracle on 34th Street’, we hope your home delivers the perfect family Christmas!

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