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London - Terraced House in Prime Location vs Detached House In Casual

mariand_2
mariand_2 Posts: 3 Newbie
in House buying, renting & selling
Hi everyone,

what are your thoughts in terms of value? Would you buy a terraced house in prime location or a detached house in casual neighborhood?

We are looking at terraced cottage houses in Hampstead and for the same money one can get a bigger detached house in High Barnet.
Cheers for any advise!
«1

Comments

  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Was "casual" the word you were looking for, or is this some new definition I haven't encountered before?
  • NaughtiusMaximus
    NaughtiusMaximus Posts: 2,840 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    davidmcn wrote: »
    Was "casual" the word you were looking for, or is this some new definition I haven't encountered before?

    Maybe it's an area with a lot of 1980s football hooligans.
  • Dean000000
    Dean000000 Posts: 612 Forumite
    What does your commute look like from either location?

    You should factor that in. Time and cost
  • mariand_2
    mariand_2 Posts: 3 Newbie
    It is about the same as the house in Hampstead is about 25 mins walk from a station while the one in High Barnet is about 10. I can just see there are a lot of houses on the market in High Barnet (although no other detached ones) and very few in Hampstead in that price range. Most opinions claim that Hampstead is no brainiac but a detached house comes the maximum privacy on the other hand.
  • Dean000000
    Dean000000 Posts: 612 Forumite
    Personally, if my commute was the same I’d live further out for the things you gain.

    That’s just my opinion.

    Best of luck op
  • Murphybear
    Murphybear Posts: 8,261 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    You know what they say

    Location, Location, Location
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    We bought further out because we wanted offstreet parking as well as a station. The further in you go the more difficult the parking if you want to have a car.
  • bouicca21
    bouicca21 Posts: 6,780 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Is it just somewhere in Hampstead or Hampstead Village? If it’s a 25 min walk to a station I assume it may not be the desirable bit of Hampstead.

    Commute obviously important but so is the nature of the area. How do the two places compare on terms of access to shops, cafes, parks etc. What short of lifestyle do you want?
  • Duckdodgers
    Duckdodgers Posts: 14 Forumite
    As I have 3 kids I would choose the larger house especially as the commute would take the same amount of time. If I had no children I would go for the smaller more central house. I much prefer walking to travelling by train and so would prefer the commute spent mostly walking. I don't know either area though. Which area do you prefer?
  • silvercar
    silvercar Posts: 50,955 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    What part of Hampstead is 25 minutes from a station?
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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