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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Buying an ex Council flat for investment in Wood Green

Options
124»

Comments

  • theGrinch
    theGrinch Posts: 3,133 Forumite
    Part of the Furniture 1,000 Posts
    edited 23 December 2012 at 6:14PM
    Ive walked the streets of Wood Green day and night and never had a problem, although for some nervous types they may. Anyway, thats from first hand experience.

    Its a vibrant area and rents well.
    "enough is a feast"...old Buddist proverb
  • GDB2222
    GDB2222 Posts: 26,279 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    theGrinch wrote: »
    Ive walked the streets of Wood Green day and night and never had a problem. Thats from first hand experience. Nobody touches me.

    tumblr_md1ijyRxdw1qieyopo1_500.jpg


    I guess not.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Ivana_Tinkle
    Ivana_Tinkle Posts: 857 Forumite
    GDB2222 wrote: »
    The council will sting you for truly ridiculous service charges, eg £15k+ to replace the windows.

    This is the key point. Find out exactly what works are planned for the next few years and find out what residents in similar local blocks have been charged. (Actual figures, from the council, not a guess from the estate agent!) Then factor that into your calculations.
  • persa
    persa Posts: 735 Forumite
    padington wrote: »
    I live in wood green and love it. Two cinema's, tons of shops and brilliant transport links.

    And don't forget the stabbings in and around the High Street! :p
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    If you want to buy a flat in a grim part of London that is fairly central then Wood Green is the place. It's never been nice, maybe one day it will be. Who knows.
  • Hillbilly1
    Hillbilly1 Posts: 620 Forumite
    Ninth Anniversary 500 Posts Combo Breaker
    If you have about £200k to spend there are non LA flats to buy... what focus on the LA?
    NOT a NEWBIE!

    Was Greenmoneysaver. . .
  • padington
    padington Posts: 3,121 Forumite
    persa wrote: »
    And don't forget the stabbings in and around the High Street! :p

    There's stabbings in Islington and central london too. However if you want value for money in an area thats a clever investestment with great links and some nice things near by, wood green is the place to be. Don't take my word for it, speak to Phil and Kirsty. ;)
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture