Where to buy in London this spring

Conrad

zagubov wrote: »

Kingston is a treasure of a place and long may it go unnoticed by those outside the sacred realms of SW London.

Personally I find it very traffic congested, and feel all hemmed in and frustrated when I've been there. I guess it would suit those that don't drive much?

Conrad

Personally I prefer sticking to place I know and not too far away, in terms of but to let. It's all very well chasing down best possible capital growth spots, but it comes at a cost IMO.


Also I wont buy in those old streets with little or no parking as it makes doing up a property a real hassle - things like being unable to put a skip outside or not knowing if you will find a parking space when you need to spend a couple of weeks decorating.


I'm a strong advocate of the 'sleep at night premium' when it comes to investing. There's more to life than chasing every last penny. Far too many Landlords I know are stressed-out, but it's largely self-inflicted by not thinking through the on-going logistics. Mate of mine invests the other side of London - takes him 2 hours drive each way - not fun when doing refurbs / repairs / showing prospective tenants spread out over 4 weeks. Imagine that aged 70.

michaels

Conventional wisdom is that if an area gentrifies then huge profits can be made but that during a downturn it is the carp that loses value the fastest and most. IN ther words buying somewhere dodgy is higher risk and best done when the market is weak not strong

Sapphire

Conrad wrote: »

Personally I find it very traffic congested, and feel all hemmed in and frustrated when I've been there. I guess it would suit those that don't drive much?

That's what I've heard, though where I live in North Kingston it isn't a particular problem as far as I can see. I've heard that there is a horrible roundabout with a lot of traffic congestion somewhere (possibly in south Kingston), but have never seen it myself.

You are right – I don't have a car because I don't need one living in London!

P.S. I must reiterate that Kingston is horrible, and no one should consider moving there (the fewer the better). Best stick to Wood Green as the next hotspot (according to the developers).

westernpromise

zagubov wrote: »

Kingston is a treasure of a place and long may it go unnoticed by those outside the sacred realms of SW London. For an outer London borough it's an educational hotspot.

The lack of an underground station is its only negative feature, but hey, those of us in the blessed southern half of London have lived with this from time immemorial.

There's no such place as south London. It's all just north Croydon.

economic

Sapphire wrote: »

Each to their own. I tried living in Islington (Noel Road, so one of the few nice – to me – roads there) for a while, and I have a relative who lives in Islington Green, so know the area quite well. It is incredibly overcrowded, dirty and scruffy, more so now than it ever used to be. I have simply never known what the attraction is of living there, apart from the fact that it is fairly central, and the antique market at Angel was excellent (haven't been there for a while).

Hampstead, on the other hand, is lovely.

i prefer highgate myself (where i live right now).

padington

economic wrote: »

im a firm believer of you get what you pay for. cheaper end maybe performing more strongly and have more potential however theres no guarantees of performance (specially when market turns down) and the types of tenants or quality of life living there may not be as good.

If that market tanks it's going to be Highgate that get battered not woodgreen.

padington

michaels wrote: »

Conventional wisdom is that if an area gentrifies then huge profits can be made but that during a downturn it is the carp that loses value the fastest and most. IN ther words buying somewhere dodgy is higher risk and best done when the market is weak not strong

Not with the current tax system, everything is skewed value properties in good cities is where the safe money is, in my opinion.

padington

Sapphire wrote: »

That's what I've heard, though where I live in North Kingston it isn't a particular problem as far as I can see. I've heard that there is a horrible roundabout with a lot of traffic congestion somewhere (possibly in south Kingston), but have never seen it myself.

You are right – I don't have a car because I don't need one living in London!

P.S. I must reiterate that Kingston is horrible, and no one should consider moving there (the fewer the better). Best stick to Wood Green as the next hotspot (according to the developers).

I'll have you know that a top art writer from the guardian who LOVES south London is considering woodgreen after his partner took one walk around Ally Pally and might now be moving to wooders. Parts of it are very beautiful.

enator

padington wrote: »

http://www.homesandproperty.co.uk/property-news/buying/where-to-buy-in-london-this-spring-the-key-regeneration-hotspots-tipped-for-house-price-growth-a109601.html#gallery

Wood Green where the junkie got his throat ripped out by his pitbull - nice :eek:

http://metro.co.uk/2017/03/29/man-mauled-to-death-by-his-own-dog-while-bbc-filmed-him-for-a-documentary-6540260/