Where house prices are still rising and easy to commute to London?

Martico

Shops open and close all the time, and it's probably fair to say that postcodes with a Waitrose have already seen values rise above the norm. The magic is in getting into an area before Waitrose decide to open there. 
Good luck with that.

Rosa_Damascena

Miranda25 said:

RelievedSheff said:

I certainly don't think I would be basing my choice of house on whether there is a Waitrose or M&S near it!!

According to Savills, properties located within the same postcode as a Waitrose outlet are on average 25% more expensive than the average property in their county.

They would say that wouldn't they? Given that their client base is the same that is prepared to waste unnecessary money at the supermarket - ie in the more money than sense camp.

House ownership is an unachievable dream for so many now. Am now very glad to have been born in the 1970s.

GDB2222

Miranda25 said:

RelievedSheff said:

I certainly don't think I would be basing my choice of house on whether there is a Waitrose or M&S near it!!

According to Savills, properties located within the same postcode as a Waitrose outlet are on average 25% more expensive than the average property in their county.

Waitrose put their shops in more expensive areas?  

GDB2222

I think, and this is not guaranteed:

House prices will fall a bit (maybe 10-20%), to reflect higher interest rates.

But, then, they will start rising in line with inflation. 

So, I wouldn't rush to buy right now. Keep an eye on the market, and try to get in just before the bottom.

Miranda25

RelievedSheff said:

I certainly don't think I would be basing my choice of house on whether there is a Waitrose or M&S near it!!

you certainly do not know about Waitrose effect

https://www.idealhome.co.uk/news/waitrose-effect-230367

Martico

Miranda25 said:

RelievedSheff said:

I certainly don't think I would be basing my choice of house on whether there is a Waitrose or M&S near it!!

you certainly do not know about Waitrose effect

https://www.idealhome.co.uk/news/waitrose-effect-230367

That just shows correlation, not causation. It's pretty evident that Waitrose pitches its stores in affluent areas, it's not evident that Waitrose causes prices to rise. Perhaps maintain an already high value and add a "middle class tick-mark" to an area if that's what you're after.

Martico

As an aside, I've always bought in areas that are quite rough around the edges but that I can see are in a good location and starting to attract interest from people priced out of "Waitrose" towns. Those are the areas, I'd suggest, that would increase above the average. I'm happy living in either, you may not. Confess that  I do prefer the rough-around-edges vibe.
I guess the question for you is for a preference of capital gain or immediate comfy living? Either way, choose a place you'd be happy to live

london21

Personally, not a fan of 1 bedrooms as the price difference to a 2 bedroom not so high and can have a spare room if need more space in the future or have a lodger.

Kent is nice Bexleyheath but depending on your budget etc.

Dartford also popular with commuters to London. 

Other area in Kent is Belvedere which is easy commute to London and not far to the Elizabeth line via Abbey wood. 

Miranda25

london21 said:

Personally, not a fan of 1 bedrooms as the price difference to a 2 bedroom not so high and can have a spare room if need more space in the future or have a lodger.

Kent is nice Bexleyheath but depending on your budget etc.

Dartford also popular with commuters to London. 

Other area in Kent is Belvedere which is easy commute to London and not far to the Elizabeth line via Abbey wood. 

Bexleyheath - almost bought new build flat there but stopped myself (I cannot afford house there).
Dartford - I can afford the house but I have been in the area and I had a feeling that more working class people live there (I might be wrong). I agree that commuting is nice and easy. 

Miranda25

Martico said:

As an aside, I've always bought in areas that are quite rough around the edges but that I can see are in a good location and starting to attract interest from people priced out of "Waitrose" towns. Those are the areas, I'd suggest, that would increase above the average. I'm happy living in either, you may not. Confess that  I do prefer the rough-around-edges vibe.
I guess the question for you is for a preference of capital gain or immediate comfy living? Either way, choose a place you'd be happy to live

I do not think about capital gain/loss. I would invest in Dubai then :-))
All I am thinking: to buy, to live while working in the UK, to sell quickly when I need to move in different country.

The question is what location would almost guarantee me lots of viewings and a sale :-))