Suggestions on where to buy 2 bed in London? (£220k commuting to EC3)

Pedro_Su

Hi,
Anyone suggestion on where to buy 2 bed in London on 220k budget?
I am working in EC3, with family and friends in Imperial Wharf and Isleworth.
It should be family oriented with decent schools. Ideally it would be good investment too, increasing it's value over 5-7 years.

My friend suggested Dartford as he lives there. I like the idea of 2 bed in South Croydon.

What is your opinion about future Elizabeth Line stations in this 220k budget. New government looks promising in regards of infrastructure projects.

Thank you in advance for your ideas and suggestions.

Pedro

Retired_Mortgage_Adviser

Inside the M25? Any preference re flat or house? Can you deal with a doer-upper?

Are you set on south London or open to east London as well?

On that budget, anywhere within a 15 minute walk of South Croydon station will be too expensive.

csgohan4

Right move seems a good place to start and you can expand your search from there, but as your budget is quite low it may be difficult in London itself.

If you don't mind the expense on travelling, there's the high speed line to Ashford in kent, for that money you could buy a decent house

Pedro_Su

Retired_Mortgage_Adviser wrote: »

Inside the M25? Any preference re flat or house? Can you deal with a doer-upper?

Are you set on south London or open to east London as well?

On that budget, anywhere within a 15 minute walk of South Croydon station will be too expensive.

Thank you for questions,
Commuting time is important, but I would like to stay inside of Oyster card zones as train fares are too high. For the budget I would rather have shorter commute and flat than long commute and house. Train fares drain people finances. I know people commuting to London from Brighton. I would not like that. And I don't mind doer-upper.

bouicca21

Pedro_Su wrote: »

Hi,
Anyone suggestion on where to buy 2 bed in London on 220k budget?
I am working in EC3, with family and friends in Imperial Wharf and Isleworth.
It should be family oriented with decent schools. Ideally it would be good investment too, increasing it's value over 5-7 years.

My friend suggested Dartford as he lives there. I like the idea of 2 bed in South Croydon.

Thank you in advance for your ideas and suggestions.

Pedro

It will take a lot more than £220k to match those requirements.

csgohan4

Pedro_Su wrote: »

Thank you for questions,
Commuting time is important, but I would like to stay inside of Oyster card zones as train fares are too high. For the budget I would rather have shorter commute and flat than long commute and house. Train fares drain people finances. I know people commuting to London from Brighton. I would not like that

I would love to have a house in knightsbridge, but the price of my house won't even buy me a shed there.


I would suggest lower your expectations or move further out.


As mentioned previously, play around with right move and you will understand your budget is not really much

Cakeguts

If you can't find anything where your friends and family live in your budget you aren't going to find anything anywhere else in London in your budget. You will have to move further out. Try Thamesmead. https://www.rightmove.co.uk/property-for-sale/property-88633784.html this is the kind of area you get for your budget.

Celes

Or what about Help To Buy?
That'd stretch your budget inside the M25.

katkatmachine

£220k budget In London with all your requiRements is very hard borderline impossible. Best of luck to you.

Pedro_Su

bouicca21 wrote: »

It will take a lot more than £220k to match those requirements.

Thank you for reply. Requirements are flexible, budget unfortunately not.

Pedro_Su

Celes wrote: »

Or what about Help To Buy?
That'd stretch your budget inside the M25.

Thank you for tour suggestion. I would like to avoid that if possible.