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Buying in SE London for 100k and under

Witlim
Witlim Posts: 93 Forumite
in House buying, renting & selling
is this a good deal for a new buy? Does anybody have local knowledge of this site/area?

http://www.rightmove.co.uk/property-for-sale/new-homes/property-26668537.html
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Comments

  • lilab_2
    lilab_2 Posts: 116 Forumite
    Mortgage-free Glee!
    hmm, not the best part of town and can be a bit smelly (very near the river), but a bargain price in London
  • Witlim
    Witlim Posts: 93 Forumite
    I currently live in Welling so know Thamesmead is not the best area - i didnt know it was smelly!! lol.
  • lilab_2
    lilab_2 Posts: 116 Forumite
    Mortgage-free Glee!
    Well I have driven through in summer and there can sometimes be a touch of the Venice water smell because it is near the river and it is a bit industrial in places. I didn't mean it smells permanently!
  • brian_723
    brian_723 Posts: 337 Forumite
    seems like a great deal ,but what are the fees for the ground rent and other fee associated with lease hel properties like that .It also states from 89k so the actually price is probably much higher .
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Didn't some blue peter presenter pay hundreds of thousand for a flat in Thamesmead, and then turned up on a documentary lamenting that it had lost most of its value because the developers had allowed poor people to live there?
  • MonkeySaving?
    MonkeySaving? Posts: 1,141 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ruggedtoast wrote: »
    Didn't some blue peter presenter pay hundreds of thousand for a flat in Thamesmead, and then turned up on a documentary lamenting that it had lost most of its value because the developers had allowed poor people to live there?

    I remember that, damn the paupers! :beer:
    55378008
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    MonkeySaving? wrote: »
    I remember that, damn the paupers! :beer:

    She was genuinely expecting that when the poor people had been repossessed or driven out for rent arrears then rich people would move in and it would become desirable again.
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    ruggedtoast wrote: »
    it would become desirable again.
    Again? :D

    If you looking to live in a not quite so rough area and commute by train, I would look to doing up a freehold house in Medway.


    http://www.rightmove.co.uk/property-for-sale/Medway.html?sortByPriceDescending=false&maxPrice=110000&minBedrooms=2&displayPropertyType=houses&oldDisplayPropertyType=houses
    Been away for a while.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    It's in Thamesmead

    It;s a new build in Thamesmead.

    Run, fast.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • nakiwala123
    nakiwala123 Posts: 235 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    This is a good debate because myself and hubby are thinking of buying in the Medway area near good transport links. Its perfectly placed near both Hubby's and my parents but far enough for them not to drop in for tea (a little off topic now!).

    I just dont really know the area though.
This discussion has been closed.
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