Hot property in London?

iamnew

Hi everybody, just hoping for some advice.

I'm hoping to buy a 2/3 bed flat somewhere in London up to about £150k.

I'm hoping to just hold on to it, and was hoping I could buy somewhere "Hot". Any ideas? I was also thinking somewhere near where the Olympics are going to happen.

I was hoping someone may be able to recommend some post codes or areas to narrow my search. I'm quite flexible, so I don't mind too much.

Many many thanks in advance to you all.

cattie

The only thing you'd be likely to get for that money is ex council & even then you'd have to be extremely lucky to find anything with more than 1 bedroom with such a low budget.

You'd be wiser to look a bit further out. You may be lucky in places like Barking, which is on the District Line of the tube.

mpsavuk

Good luck in your search. But don't forget that the Olympics is just a 3 week event, a mortgage lasts 25 years!

iamnew

Thank you for the replies

Are there any other areas that you may know of that are outside the centre, but are still on/close to a tube line, making transport into the centre easy.

Thanks again.

theGrinch

tottenham. victoria line 15 mins into oxford street. you can still get 2 bed flats in period properties for £150k. some areas are also disadvantaged areas and have a nil stamp duty rate to £150k.

iamnew

Thank you - can anyone alse suggest any other areas in that type of location (ie end of tub line/easy to get on to tube)

cattie

Really the District line area going Eastwards is likely to be your best bet. Or as theGrinch mentions, Totenham on the Victoria Line is a possibility. You could possibly be lucky in parts of Walthamstow too.

Generally areas handy to the tube comand higher prices & areas to the north,west & south of the tube fetch very healthy prices.

SammyD_2

Morden is on the up...lovely new Sainsbury's just gone in, new flats in the area, beautiful historic Merton Abbey Mills and Morden Hall Park. You can still get 2 bed flats for around 150k if you look hard. Also it is very close to Wimbledon and has a train station as well (Thameslink) for easy access to the City, as well as the Northern Line. And it is pretty safe as well.

theGrinch

Walthamstow is a good one

rozeepozee

I may be a bit out of date but I bought my first place in New Southgate because it was fairly cheap comparatively. I wouldn't call it 'hot' but it's got its own overground line and the tube at Arnos Grove.