London locations for properties that will most increase in 5 years

King_Tut

Hello everyone!

First post here so please be friendly.:cool2:

I intend to buy a property in London at approximately £250K, but I don't know where to buy.

I want a property that will increase substantially in value when I decide to sell in say 5 years time.

Could anyone kindly advise the best places in London (or surrounding areas) that will most increase in value?

If there is a similar thread please advise where I can locate it

Many thanks.

ILW

If anybody knew for sure, the prices would already have gone up.

MelaBella

hey, i am also purchasing in London and read through the numeroud reports on the property in London, including the insight reports from IBs for internal circulation (not sure the last ones were useful to me anyway, as they were related to the high-end market:).

How big is the property you want to buy? Are you loooing to live there/rent? There are a lot of areas in London they call up and coming, but again you need to know the particular patches of the area not to end up in death hole. For example, I know someone was buying a house on Peckham, apparently upcoming area, but eneded up regretting it, the area is too troubled for her liking.

I would restraing frm buying anything in City and CW, the thing is therecent report shows that the number of city workers will be deceasing in the next 5 years so there demand will be falling oin the properties in the area.

250 will buy you a decent 1 bd and even good 2 bd flat, so good luch whichever area you end up in.

Strapped

Most increase, or fall the least?

kmmr

If only we knew...

If you find this reliable cheap location in London (£250 for a nice 2 bed flat? Where?) please let us all know!

King_Tut

Mela Bella,

Thanks for the response. I too am not considering central London. I am looking for a place to live, but will sell it in a few years to get a family home with the Mrs, kids etc. I am looking at a 2-3 bedroom house. I am not considering buying a flat as I get the impression they would be hard to sell - though I may be wrong about this.

King_Tut

MelaBella wrote: »

hey, i am also purchasing in London and read through the numeroud reports on the property in London, including the insight reports from IBs for internal circulation (not sure the last ones were useful to me anyway, as they were related to the high-end market:).

How big is the property you want to buy? Are you loooing to live there/rent? There are a lot of areas in London they call up and coming, but again you need to know the particular patches of the area not to end up in death hole. For example, I know someone was buying a house on Peckham, apparently upcoming area, but eneded up regretting it, the area is too troubled for her liking.

I would restraing frm buying anything in City and CW, the thing is therecent report shows that the number of city workers will be deceasing in the next 5 years so there demand will be falling oin the properties in the area.

250 will buy you a decent 1 bd and even good 2 bd flat, so good luch whichever area you end up in.

Could you kindly direct me to these reports that you use?

Tiglath

http://hereisthecity.com/2012/11/06/city-job-numbers-to-fall-by-13000-in-2013-and-to-fall-further-in/

hazyjo

No guarantees anywhere will increase in 5 years' time! I bought in 2006, sold in 2011 - and only 'made' £1k (tbh, actually last thousands as spent quite a bit on it, plus when you include moving costs, mortgage interest, etc...).

There are several places that get mentioned regularly such as Hither Green and Walthamstow. No guarantees on price rises though! Depends how near to London you're looking at, I suppose (and what side of the river). You'd still need to buy in a 'nice' part of whatever area's popular.

Also, why are you looking to sell in 5 years' time? Will you be renting it out in the meantime? Are you planning to overpay the mortgage? Would you be looking to buy bigger in 5 years? Remember if prices shoot up, whatever you buy would have increased too, possibly out of reach! But something you can stay in for as long a term as possible (in this market).

Jx

Out,_Vile_Jelly

Friends of mine bought in Walthamstow. Lived in it for a year, rented it for a year (which didn't cover the mortgage) and then sold it at a break even price. You might do a bit better over 5 years, but don't assume you're automatically going to profit.

Every estate agent will tell you that their dirty, rancid corner of London is "up and coming". Remember that the whole city cannot up and come; the scum have to live somewhere.

raindudu

Golders Green is a great place to live. The price is still going up strong. Ealing is another place. However 250k can't get you a 2bed house.