PLEASE READ BEFORE POSTING

Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

London areas - where to buy?

2456712

Comments

  • I came up to London for a few days to visit a friend and was totally gobsmacked by the Canary Wharf site - I loved it. There seem to be a lot of new houses being built in the general area as well as apartment blocks with secure and manned receptions. We took the ferry up river and I was fascinated by the massive changes since I was there 20 years before. The other thing that struck me was the amount of wildlife using the river (not just the rowers!).

    The flight into City Airport was excellent and once the Docklands Light Railway is complete it will be so easy to up and go if you need to.

    However, as my years are starting to add up and the joints don't flex quite like they used to, I am happy not to live in London as it lends itself so well to the young and fit and I don't think I could keep up.
  • And its expensive to buy as well...That's the reason I have given up on the river view apartments, because they don't fit within my budget. :-(
    The quickest way to double your money is to fold it in half and put it back in your pocket. :rolleyes:
  • Dan29
    Dan29 Posts: 4,760 Forumite
    Name Dropper First Post First Anniversary
    itgirlinuk wrote:
    Any suggestions in South East London, within Zone 2?

    Greenwich
    Clapham
    Canary Wharf
    .
  • dippy
    dippy Posts: 290 Forumite
    Dan29 wrote:
    Greenwich
    Clapham
    Canary Wharf

    Greenwich and Canary Wharf, I agree

    Clapham Common is nice. Clapham North, North-east is rough.
  • For pretty good growth prospects I'd look at the royal docks (e16) where the DLR extension is currently under construction.

    You should be able to get partial dock views for that kind of money..

    For a selection of property take a look at

    http://www.royaldocks.com

    Thanks
    Z

    "It is better to fail in originality than succeed in imitation." Herman Melville.
  • gromituk
    gromituk Posts: 3,087 Forumite
    There have been some gross generalisations on this thread, one of which was obviously flame-bait and would be laughted out of court, but some others could be taken seriously. On the other hand, you can perhaps benefit from some of the snobbery to the tune of a large amount of price differential for no apparent difference otherwise. I just wanted to emphasise that you can very rapidly go from a nice to a not-so-nice area and vice versa, which I appreciate makes choosing very difficult.

    My objection to the proliferation of these gated apartment complexes is that it can turn their neighbourhoods into car-dominated ghost towns where if you are outside the walls you feel very isolated and vulnerable. And people are notoriously lazy about security, letting both vehicles and people "tailgate" in.

    There is always a premium on new properties which I can't understand - they are not necessarily built any better than older places, and the NHBC guarantee is like a sieve.

    If you want to live in the centre of the action, with night clubs and a vast selection of restaurants within staggering distance, you are going to pay more - and suffer the resulting rowdiness.

    If transport links are not very good, you could consider taking up cycling - you beat the traffic, save huge amounts and keep fit. But it obviously requires confidence and the ability to withstand getting wet - about once a month if you are commuting.

    Just a few thoughts - money saving is about lateral thinking, after all!
    Time is an illusion - lunch time doubly so.
  • I recently moved to Turnpike Lane. Been a Londoner for 14 years and lived north, south, east (but not west). Love this area. Zone 3 Piccadilly line, two mulitscreen cinemas, shopping centre, plus lots of ethnic food stores serving the diverse community. Not a lot of trendy bars but do you really want to pay through the nose to live somewhere with overpriced lattes served to the people-carrier driving double-buggy brigade? Alexander Palace just up the road. My one bed flat with roof terrace overlooking a park cost me 150,000 in September. I also paid NO STAMP DUTY as lots of streets are exempt as it is a regeneration area. As with anywhere, you have to do your homework to avoid dodgy bits - but it's commonsense really.
  • I know there are a lot of generalisations. But it helps me to get a view on how people look at things and what they mean when they say it.

    I have decided to go for an area, which feels safe when you walk around and a flat that makes me want it. I know its gut feeling and its very emotional...but is that so wrong?
    The quickest way to double your money is to fold it in half and put it back in your pocket. :rolleyes:
  • filigree_2
    filigree_2 Posts: 1,025 Forumite
    Personally speaking, if I had £200K I would look at Crystal Palace. Huge park, loads of transport links, numerous "trendy" businesses and a few bohemian type bookshops, junk shops, antique markets etc. Some streets are conservation areas but they might cost more than £200K. The sticking point for me (apart from cost) is that local schools are hugely variable.

    It might sound odd but you could try http://www.ofsted.gov.uk for their reviews of local schools. It doesn't matter if you have kids or not, the Ofsted report gives a snapshot of the local area. It will tell you for example if the area is deprived, does it have a transient population etc. OTOH some reviews will tell you that a certain school serves an area with affluent families, high home ownership etc. If you do have kids, or plan to have a family, then local schools are an important consideration.

    https://www.tfl.gov.uk will help you find routes from home -> work, which is an important consideration. You don't want to find yourself at the wrong end of a poor bus service with no access to tube or train.

    Look at the travel zone and the council tax band. You could save a few grand on the asking price by choosing an apparently cheap area, then find out you have moved into an expensive borough - Haringey charges an astonishing amount for very poor services. Wandsworth's services are pretty poor too, but at least we aren't paying over £1000 a year for the privilige!
  • stratford_2
    stratford_2 Posts: 452 Forumite
    Ah, the good old 'where in London' debate! There's been some useful advice here and I think one bit of interesting advice I recently saw on a london home relocator's website was that you should buy a property within 10 mins walk of a tube or rail station - this will help its rental potential and resale value and keep your options greater.

    I've rented in Fulham and Putney (cheap deals!) and my girlfriend has rented in Streatham, but I bought a flat in Stratford area a few years ago and am about to buy a 2 bed Victorian terrace in a great location - less than 8 mins from the station - for about the same price you're looking at. I agree with Jat100's views about this area - it really is still one of the most affordable parts of London with great transport links - central/jubilee/silverlink/dlr/mainline and, in 2 years, the International station - there aren't many places in zone 3 with these kind of links.
    Good luck wherever you try!
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.1K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 607.9K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards