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Where to buy in London

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ottoleng
ottoleng Posts: 2 Newbie
in House buying, renting & selling
Hi Everyone

I've recntly got approved for a mortgage to buy my first property. I'm looking for a 2+ bed in London, preferable with decent transport links/an easy commute to Liverpool street.

My budget is around 350k (much more and would begin to stretch myself with monthly payments). So far I have been looking in Bow but everything there seems to be new(ish) builds with large service charges. Also there seems to be so many flats going up that I see how these could really increase in value (as there will be a large number of te commodity in a small area). What does everyone think about this? Do these new flats keep their value?

Also, can anyone recommend any other areas fo this price range?

Thanks!
«134567

Comments

  • BitterAndTwisted
    BitterAndTwisted Posts: 22,492 Forumite
    10,000 Posts Combo Breaker
    Bow is a sh!hole. Have a look at overground train links into Liverpool Street. Walthamstow is mere minutes away and you could afford a freehold there.
  • hayday75
    hayday75 Posts: 1,133 Forumite
    Stratford has a lot to offer ....Westfield ,great transport links .
    Stratford village has very nice victorian built houses for around £300,000
  • olly300
    olly300 Posts: 14,738 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Where do you live at the moment?
    I'm not cynical I'm realistic :p

    (If a link I give opens pop ups I won't know I don't use windows)
  • richardw
    richardw Posts: 19,459 Forumite
    Part of the Furniture 10,000 Posts
    Perhaps consider somewhere south of the river with trains to Cannon St or City Thameslink/Farringdon.
    Posts are not advice and must not be relied upon.
  • millycww
    millycww Posts: 13 Forumite
    Stay away from Stratford, it might have the shopping centre but it will always be a dump.

    Like someone else said above, for that money you could look at getting a terraced house in Walthamstow Village. It's becoming ever popular with families and couples in their thirties who can't afford Stoke Newington. The transport links are fantastic too.

    But if it was me, I would go for Kensal Rise or Kensal Green and for 350k you could get a good size 2 bed conversion. I've lived near there for the past five years and have noticed all the yummy mummies have moved in! The shops are great - nice pubs, a few delis, independent butcher - and the bus and train links are very handy for getting to Central London. Plus, it is on the cusp of the really plushy areas so it will keep rising in value as more people are priced out.

    Good luck on your search!
  • hayday75
    hayday75 Posts: 1,133 Forumite
    Quote : Millycww Stay away from Stratford, it might have the shopping centre but it will always be a dump.


    How rude !
  • millycww
    millycww Posts: 13 Forumite
    edited 12 May 2013 at 4:04PM
    Sorry, didn't mean to offend but that's my opinion. I live in an area which most people living in London would consider a dump but I love it!
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    hayday75 wrote: »
    Quote : Millycww Stay away from Stratford, it might have the shopping centre but it will always be a dump.


    How rude !

    It's true, though. Stratford is a complete dump.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    ottoleng wrote: »
    My budget is around 350k (much more and would begin to stretch myself with monthly payments). So far I have been looking in Bow but everything there seems to be new(ish) builds with large service charges. Also there seems to be so many flats going up that I see how these could really increase in value (as there will be a large number of te commodity in a small area). What does everyone think about this? Do these new flats keep their value?

    Also, can anyone recommend any other areas fo this price range?

    Thanks!


    I'd look at Hoxton / SHoreditch. Interesting places to live, and you could cycle to Liverpool Street, so no commuting costs. You could get 2 bed places there for under £350k, although I'd avoid ex LA flats because of hte risk of major works.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • hayday75
    hayday75 Posts: 1,133 Forumite
    neverdespairgirl wrote: »
    It's true, though. Stratford is a complete dump.
    O.P don't move to Stratford it's a complete dump .ha ha
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