London locations for properties that will most increase in 5 years

hazyjo

Out,_Vile_Jelly wrote: »

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.

If they bought in 2006-2008, that's pretty standard for anywhere. The house I bought was in Highams Park, just 2 stops up from Walthamstow.

Must say, I do like North Chingford Again, as we're all saying, there are no guarantees on prices rising there or anywhere!

Jx

AlexMac

£250k house? The only inner London areas I know where you can get 2-3 bed houses (as opposed to flats) close to £250k, without moving to the far outer suburbs (with a potentially more expensive Zone 4-6 commute) are in South East London. For example Charlton (SE7) or Kidbrooke (SE3) or bits of SE13, SE4, SE8 . In Zone 3, some without access to the tube, but most with reliable rail services; 10 minutes from the city and reasonably close to Docklands.

Zoopla lets you filter by 'house' (as opposed to flat), bedrooms and price and, assuming you will search up to £275k, you'll see a handful of properties in each of these postcodes- mostly 1950's + ex-council cottage estates.

But as I failed my prophesy exams, I won't speculate which of these are still on the up- drive or cycle round 'em and take a view on the health of these areas