First time buyer: one bedroom in London

onetimeatponycamp

There's also this, a bit further out but a really nice area https://www.rightmove.co.uk/property-for-sale/property-87221759.html

Simon11

*Being open, this is my property on the market*

Why not consider moving out into the countryside (largest woodlands in London only a short distance away) but still have a major transport hub one minute walk away and 30 minutes tube ride from London? Compared to the other properties, for the same amount of money you get double the amount of space, your own bedroom & garage and a more pleasant neighbourhood.

https://www.rightmove.co.uk/property-for-sale/property-90987440.html

nick1234

wow are people really looking to mortgage up when prices will crash in the coming months as unemployment hits

redefinr

The price of this Pocket Living dropped another 10k:
https://www.rightmove.co.uk/property-for-sale/property-84856616.html
I spoke with Pocket Living  and they said some flat have some restrictions, some not. This one in particular, when you buy you can only rent it for a max of 5 years. And that's for the whole length of the lease (100+ years).
I would seriously put an offer if it wasn't for this. I'm not planning on renting out the property but surely it's an option I would like to have in the future. Is there any way around this?

movilogo

The days of millions commuting to London daily in packed trains are over - even when Corona virus disappears. 
May large companies realized their workforce can work very well remotely. They can reduce expenses by reducing office space in prime London areas. There will be series of redundancies from October (when furlough scheme ends). The big corporations will re-hire but people who can work remotely - thus not having to pay workers high London salary. Double bonanza for them. 
Be very wary of buying any property in London as now price will fall downward for next few years, 

hazyjo

Haha I'll believe that when I see it. Have you ever tried to get on the Central line? This time next year it'll be just as rammed.

numbercruncher8

That's only on a technicality though isn't it?
Crossrail will take a large chunk of traffic out of the Central Line. Liverpool St to Tottenham Court Rd is 4mins, Stratford to Bond St 15 mins. By this time next year it may not be running, but once it does it will have a big effect.

I think the original point is kind of overdone, but it does seem fairly likely that more people will be spending more time working at home, or have a bit more flexibility over which hours they work (some firms allowing different start times to avoid busy trains). There are also some jobs based in Central London which don't really need to be. I don't think it'll be widespread, but noticeable.

If you think it'll just be as busy then this implies there you think there will be just as many people replacing them. Personally I don't see that. Some of that may actually be enforced, with passenger numbers on platforms and trains curtailed. 

hazyjo

Time will tell

Crashy_Time

onetimeatponycamp said:

There's also this, a bit further out but a really nice area https://www.rightmove.co.uk/property-for-sale/property-87221759.html

Looks like a 40k price drop so far? Much more palatable to look at than the Camden one, that looks OK until you get to the picture of the outside, then you just want to laugh...or cry.

Crashy_Time

Simon11 said:

*Being open, this is my property on the market*

Why not consider moving out into the countryside (largest woodlands in London only a short distance away) but still have a major transport hub one minute walk away and 30 minutes tube ride from London? Compared to the other properties, for the same amount of money you get double the amount of space, your own bedroom & garage and a more pleasant neighbourhood.

https://www.rightmove.co.uk/property-for-sale/property-90987440.html

Might be in the "countryside", but you will just be living in a soulless Legoland box, maybe another 25k off could shift it though?