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Having a wobble over buying cheap house in 'bad area'

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  • droiderm
    droiderm Posts: 778 Forumite
    Seventh Anniversary 500 Posts Combo Breaker
    I lived in a good area of tyneside (renting) followed by a 'bad' area (owner). We are in the process of buying in a new estate in a not so good area.

    In the good area we had 2 arson attacks on our flats, plus 3 armed robberies in the newsagents across the road. We lived there 2.5 years. In the first week in our bad area a joyrider crashed through the green outside our house. Initially I thought we had made a HUGE mistake, but then I realised that had they been a local joyrider they would have known it was a cul de sac! We haven't had any other trouble in 7 years!

    I think for us it is about balancing space, accessibilty and quality of life. We don't mind having to drive to better schools, restaurants etc. We want to have a nice house, garden and space. We want to be able to afford holidays, meals out etc and so what if people think 'urgh you live there...' I know people who have bought expensive, small houses in desirable areas, and have been offered places for their children in appalling schools in very cheap areas.

    At the end of the day it's all about getting a feel for the house, street and immediate area and working out where you would be happy to compromise (there is ALWAYS a compromise or two...)

    I have been looking at some new estates in the north east .
    Can i ask which builders your looking at ? Keepmoat per chance ?

    Back to the ops question. Its a balance. You get more house for your money in a less desirable area . In my experience bad areas often have nice areas within them . I guess you know yourself what your limits are.
  • droiderm wrote: »
    I have been looking at some new estates in the north east .
    Can i ask which builders your looking at ? Keepmoat per chance ?

    Back to the ops question. Its a balance. You get more house for your money in a less desirable area . In my experience bad areas often have nice areas within them . I guess you know yourself what your limits are.

    Bellway, but a second hand house on an estate which is still being built. Where are you looking?
  • droiderm
    droiderm Posts: 778 Forumite
    Seventh Anniversary 500 Posts Combo Breaker
    So someone has bought and is selling on an estate still being built ? Wow.
    I expect they have lost a few quid on that.
    I am looking in the newcastle area.
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    I put my current postcode (in Hampshire) into the crime map and was quite surprised to find 43 crimes within half a mile in August. Then did it for my previous address (in Warrington) and it was 122. both figues were higher than I expected but the ratio does bear out my subjective feelings for the two areas.
  • I'm in the process of moving from a picturesque rural location to a not so great area in a not so great town in West Sussex. However, it has so many things going for it that I don't have where I currently am. For me the benefits include pub, vets, off license, railway station, relatively nice park (even at night)and newsagent all within 5-10 minute walking distance. For me, the savings that I will make and the abundance of amenities outweighs the reputation of the town and the council estate on my doorstep.
  • J_i_m
    J_i_m Posts: 1,342 Forumite
    Well indeed every town will have it's own "dive" or "hole" so you're never going to be far from it anyway. But that doesn't mean you have to be in it.
    :www: Progress Report :www:
    Offer accepted: £107'000
    Deposit: £23'000
    Mortgage approved for: £84'000
    Exchanged: 2/3/16
    :T ... complete on 9/3/16 ... :T
  • SuzieSue
    SuzieSue Posts: 4,109 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    Kittenmum wrote: »
    We have friends who live in the next street they have been there 7 years and like the area but since we've told them we're moving there, we haven't been able to get a straight answer out of them.

    Do the friends you know who live there have children? With a 2 year old child, it is important that they mix with the sort of people you would want them to be like. Have you knocked on a few doors near the house you are thinking of buying?
  • becool
    becool Posts: 27 Forumite
    Please Don't buy a house in Hardwick area. Schools are not great and area not so good. Why you move there and invest your money? Go to Cherwell heights (south) near Bodicote or timms estate. You can send your child to Bishop loveday primary school and warriner secondary school which everyone prefers.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Is there anywhere named Hardwick that is anything other than horribly rough?
  • Hardwick Hall, Derbyshire :)
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