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Advice For First Time Buyer Buying In Central London. Please :)

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Comments

  • Okrib
    Okrib Posts: 166 Forumite
    Fifth Anniversary Combo Breaker
    Hello Okrib :)

    Thanks for taking your time out to answer! Is Fulham Road where 'West Brompton' and 'Fulham Broadway' is ? I've heard of this area before but never looked into it, should I add it to the 'nice' list. Just did a quick search and the houses look very pretty.

    Yes, I'd be open to WC as that's where Fitrovia is and close to Marylebone too.

    Best,

    Arabella


    The Fulham Road runs from Fulham all the way into Chelsea and Knightsbridge. The area I was thinking of was around Chelsea, I know you can get a very nice mansion flat for around £900k which would mean being 5 mins from South Ken or Gloucester Road tube stations (which are on the Piccadilly and District lines so good connections).


    I wouldn't go into Fulham because once you get past Earl's Court you end up on just the District line in Fulham which tends to make commuting harder.
  • bluedrop wrote: »
    Come to Bromley! Its a beautiful safe suburb 16mins from victoria!

    You will get a massive superb 4 bed detached house with that money !!

    Perhaps for my 2nd home if my life goal that way. I'm a single lady and don't wish to take in a lodger so 2 rooms max for when my folks visit :)
    2016 Goals
    Buy First Time Flat
    Save £20,000
  • Hi, when you say new do you mean literally a new build or just something modern? If you mean literally a new build bear in mind they are often sold at a premium because they are a new build but obviously when you come to sell they aren't a new build anymore but second hand if you see what I mean. If you've paid a premium and look to move fairly soon after this could cause a problem ( not sure in London whether it matters quite so much).
    As for modern vs period I think it's a question of personal taste to some extent but also how well any conversion's been done. You obviously don't want to be stuck with a ground floor or basement t flat if it's a shoddy conversion and there is little noise or heat insulation.
    Good luck
    Df
    Making my money go further with MSE :j
    How much can I save in 2012 challenge
    75/1200 :eek:
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    I would start with exactly where do you work. Because a couple of miles either way could make a big difference to your commute time and really there's no such thing as "central" London, that could mean near Bank, or Docklands, or a whole range of places.
  • Nike79
    Nike79 Posts: 67 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    As for the first point i would prefer to live in new builds but quite frankly for this sort of price i would perhaps go for a nice conversion as they seem to be a better investment and have some character. also,
    I personally dont see many new builds in the areas that you have mentioned they all seem to be clustered around SE1, Battersea and East parts of the City but i wouldnt personally buy in those areas.


    My recomendations on the areas: Bloomsbury, Pimlico, Angel (though the downside is that there are lot of poeple renting there rather than owning ) and then my top favourite is Belsize park, Hampstead area, the commute is a bit longer but this area has really nice leafy bits and community is nice as well.
    I would avoid beasement flats which can be moldy and dark and will go for Ground floor flats and up.

    Check the area carefully make sure there is no large council estates in vicinity. and Good luck!
  • bouicca21
    bouicca21 Posts: 6,640 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Be careful about Angel - it has a surprisingly high crime rate (i.e. higher than a lot of other inner London areas that superficially seem similar).
  • gfplux
    gfplux Posts: 4,985 Forumite
    Part of the Furniture 1,000 Posts Photogenic Hung up my suit!
    My experience is based on owning a flat in N20 in the 1980s/1990s and my daughter renting in E14 St. David's Square 2013 to 2015.

    There are a lot of buy to let landlords in London so your neighbours may not be owner occupiers. If I were buying again in London I would like to try to have my close neighbours to be owners.
    Basement flats you should consider the security. That is why many basement flats even in the best areas have grills on the doors and windows.
    Modern property's sometimes have gyms and pools. These means high charges but worth it IF you use those facilities.
    I have rented in Chelsea SW3, Cheyne Place, when on holiday in the UK and consider this one of the best places to live in London.
    There will be no Brexit dividend for Britain.
  • boliston
    boliston Posts: 3,012 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    edited 12 February 2016 at 8:18PM
    If I had that sort of money I'd probably look at the barbican estate - although the architecture is "love it or hate it" - location wise difficult to beat - prices generally start at £550k+ for a studio and £750k+ for flats
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