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Is it unwise to buy a one bedroom house?

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  • SailorSam
    SailorSam Posts: 22,754 Forumite
    10,000 Posts Combo Breaker
    I'd go for a 1 bed house. Ok the second bedroom would be nice but whenever you're looking at new properties it's a case of swings and roundabouts and making compromises.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    Yes. You can't even have a lodger in to pay the bills.
  • GlynD
    GlynD Posts: 10,883 Forumite
    poppysarah wrote: »
    Yes. You can't even have a lodger in to pay the bills.

    If OP's mortgage is cheaper than his rent I don't think that's one of his worries? Plus if he's like me, the last thing he wants is a flippin lodger LOL.
  • Marvel1
    Marvel1 Posts: 7,439 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 18 June 2011 at 1:46PM
    I bought (mortgage) a 2 bedroom house (I class it as one), it's only a plaster board sepearting it, I have to enter bedroom 1 to get to 2.
    Anyway I have lived here 4 years and happy, I'm on my own and it's perfect for me.

    Besides I would never consider a lodger as I like to be "selfish".
  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
    A 1 bed house can be better than a 2 bedroom flat if you're on you're own. With a house you've a garden and everything's "yours", freehold.

    I'd rather have a 1-bed house than a 2-bed flat.

    Lots of flats have gardens and not all houses do.

    A 2 bed property allows you to take in someone to share if money gets tight.
  • GDB2222
    GDB2222 Posts: 26,265 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    When there's a bit of a recession on, people who can get a deposit together tend to go for 2 bedders rather than 1 bed or studios, and they bypass the starter homes. Personally, if I could stretch that bit further to two beds, I would always do that. If prices pick up again, the one bedders will start to sell again easily.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    GlynD wrote: »
    If OP's mortgage is cheaper than his rent I don't think that's one of his worries? Plus if he's like me, the last thing he wants is a flippin lodger LOL.


    this week maybe but what about the future?

    Same goes for

    - no spare room for when friends/relatives come to stay
    - no room for new hobby
    - no room for baby
    - no room for new partner's stuff
    - no room for working from home

    All possible future events that need more space. The future is unknown, but I know a one bed property is almost certainly too small for most people.

    Get floorplan and fit in furniture you already own. Would it fit?
  • rockitup
    rockitup Posts: 677 Forumite
    My first house was going to be a 1 bedder but the same week I found a 3 bedroom with double garage only 5 miles away for only 5% more on the asking price.

    Never intended to get a lodger but when the going got tough with repairs and furniture needing replacing the £70 a week came in handy...
  • Mrs_Arcanum
    Mrs_Arcanum Posts: 23,976 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    poppysarah wrote: »
    this week maybe but what about the future?

    Same goes for

    - no spare room for when friends/relatives come to stay
    - no room for new hobby
    - no room for baby
    - no room for new partner's stuff
    - no room for working from home

    All possible future events that need more space. The future is unknown, but I know a one bed property is almost certainly too small for most people.

    Get floorplan and fit in furniture you already own. Would it fit?
    Some of the downsides listed above might be a bonus to the OP. :D
    Truth always poses doubts & questions. Only lies are 100% believable, because they don't need to justify reality. - Carlos Ruiz Zafon, The Labyrinth of the Spirits
  • SailorSam
    SailorSam Posts: 22,754 Forumite
    10,000 Posts Combo Breaker
    Lots of flats have gardens and not all houses do.

    A 2 bed property allows you to take in someone to share if money gets tight.

    Humphrey has said though he's happy on his own and doesn't want lodgers.
    Us Grumpy Old Men can do without sharing and having someone leave the top off the toothpaste and dirty knickers in the sink.
    I'm not really miserable i don't mind a woman coming for the night so long as she goes home in the morning.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
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