PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Where in SE to buy for £190,000

Options
tortoiseshellcat
tortoiseshellcat Posts: 274 Forumite
in House buying, renting & selling
My son has been saving as he wants to buy his first property, he has seen a a mortgage adviser and has been told that with his deposit he can afford £190,000. The thing is I know where we live in Surrey he isn't really going to get anything for that. He is a bit flexible as his work is not based In one particular place so is kind of looking for somewhere within reasonable distance of the M25 (probably junctions 4/5/6/7/8/9.) he Is prepared to travel out away from the motorway.
He's looking for a 1 or 2 bedroomed house or flat but not in a horrible area. I just wondered is this a realistic amount for a property in this kind of area. Are there any nice areas where he will be able to afford to buy?
Thanks in advance that someone might have some useful suggestions.
«1345

Comments

  • juniordoc
    juniordoc Posts: 366 Forumite
    Buying is probably out of reach for him right now but could be possible in 9-12 months of serious saving.
    He should consider a houseshare/minimising rent costs during this time, and make sure he has a help to buy ISA
  • always_sunny
    always_sunny Posts: 8,314 Forumite
    tortoiseshellcat wrote: »
    My son has been saving as he wants to buy his first property, he has seen a a mortgage adviser and has been told that with his deposit he can afford £190,000. The thing is I know where we live in Surrey he isn't really going to get anything for that. He is a bit flexible as his work is not based In one particular place so is kind of looking for somewhere within reasonable distance of the M25 (probably junctions 4/5/6/7/8/9.) he Is prepared to travel out away from the motorway.
    He's looking for a 1 or 2 bedroomed house or flat but not in a horrible area. I just wondered is this a realistic amount for a property in this kind of area. Are there any nice areas where he will be able to afford to buy?
    Thanks in advance that someone might have some useful suggestions.

    In London boroughs, for £190k he may get a garage.
    If he only needs access to the M25, maybe Kent past Dartford or Essex?
    EU expat working in London
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    Ashford in Kent is nice to live, 40 mins to London St Pancras Fast train
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • tortoiseshellcat
    tortoiseshellcat Posts: 274 Forumite
    always_sunny wrote: »
    In London boroughs, for £190k he may get a garage.
    If he only needs access to the M25, maybe Kent past Dartford or Essex?
    Thanks he doesn't want London, thinking more parts of Kent really Just wondered which places are nice?
  • tortoiseshellcat
    tortoiseshellcat Posts: 274 Forumite
    juniordoc wrote: »
    Buying is probably out of reach for him right now but could be possible in 9-12 months of serious saving.
    He should consider a houseshare/minimising rent costs during this time, and make sure he has a help to buy ISA

    Thanks he's still living at home ATM can't get much cheaper than that!
  • Browntoa
    Browntoa Posts: 49,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Parts of gillingham are within that price range
    Ex forum ambassador

    Long term forum member
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    Browntoa wrote: »
    Parts of gillingham are within that price range



    Also parts of Gillingham also not nice, perhaps cheap for a reason? Avoid Medway
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • phill99
    phill99 Posts: 9,093 Forumite
    Part of the Furniture 1,000 Posts
    North Kent coast around Erith, Dartford along to Medway towns. Then the Opposite banks of the Thames. Rainham in Essex Through to Thurrock.
    Eat vegetables and fear no creditors, rather than eat duck and hide.
  • Browntoa
    Browntoa Posts: 49,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    csgohan4 wrote: »
    Also parts of Gillingham also not nice, perhaps cheap for a reason? Avoid Medway

    Top end of gillingham near the A2 are ok , bottom end near the river not so

    Poets Corner area is cheap and still ok
    Ex forum ambassador

    Long term forum member
  • Browntoa
    Browntoa Posts: 49,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    St Mary's island Chatham

    Nice area

    http://www.rightmove.co.uk/property-for-sale/property-47570013.html

    £190,000
    Ex forum ambassador

    Long term forum member
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture