We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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!

The ground rent issue

1235

Comments

  • Miranda25 said:
    Miranda25 said:
    I would buy a house asap. Never regretted making that decision. Yes the first three years were tough but worth it.

    Far too many pitfalls with flats
    and the house should be minimum 2-bedroom as 1-bedroom house could be hard to sell in the future?
    and should be with a garden as without garden could be hard to sell in the future?
    The house should have as many features as you can afford. Our first end of terrace 2 bed had 2 parking spaces, a garage in a block and a garden. It doubled in value when we came to sell. 

    Don't get me wrong the first few years were tough but so worth it.
    where it was (doubled in value)? if I can ask. is it commutable to london?
    Miranda25 said:
    Miranda25 said:
    I would buy a house asap. Never regretted making that decision. Yes the first three years were tough but worth it.

    Far too many pitfalls with flats
    and the house should be minimum 2-bedroom as 1-bedroom house could be hard to sell in the future?
    and should be with a garden as without garden could be hard to sell in the future?
    The house should have as many features as you can afford. Our first end of terrace 2 bed had 2 parking spaces, a garage in a block and a garden. It doubled in value when we came to sell. 

    Don't get me wrong the first few years were tough but so worth it.
    where it was (doubled in value)? if I can ask. is it commutable to london?
    actually it could happen in many areas depends on how long you owned the house.
    Yes 50 mins on the fast train and my better half did that journey for 10 years.
  • MultiFuelBurner
    MultiFuelBurner Posts: 2,928 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 5 August 2023 at 1:27PM
    Miranda25 said:
    Miranda25 said:
    I would buy a house asap. Never regretted making that decision. Yes the first three years were tough but worth it.

    Far too many pitfalls with flats
    and the house should be minimum 2-bedroom as 1-bedroom house could be hard to sell in the future?
    and should be with a garden as without garden could be hard to sell in the future?
    The house should have as many features as you can afford. Our first end of terrace 2 bed had 2 parking spaces, a garage in a block and a garden. It doubled in value when we came to sell. 

    Don't get me wrong the first few years were tough but so worth it.
    where it was (doubled in value)? if I can ask. is it commutable to london?
    Miranda25 said:
    Miranda25 said:
    I would buy a house asap. Never regretted making that decision. Yes the first three years were tough but worth it.

    Far too many pitfalls with flats
    and the house should be minimum 2-bedroom as 1-bedroom house could be hard to sell in the future?
    and should be with a garden as without garden could be hard to sell in the future?
    The house should have as many features as you can afford. Our first end of terrace 2 bed had 2 parking spaces, a garage in a block and a garden. It doubled in value when we came to sell. 

    Don't get me wrong the first few years were tough but so worth it.
    where it was (doubled in value)? if I can ask. is it commutable to london?
    actually it could happen in many areas depends on how long you owned the house.
    Yes 50 mins on the fast train and my better half did that journey for 10 years.

    To add we sold after 4 years and decided to go through the pain of a big jump again to a 4 bed detached new build. Because we were suckers for punishment and didn't mind working hard and trying to run a business as well as two full time jobs.
  • Miranda25
    Miranda25 Posts: 357 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    Miranda25 said:
    Miranda25 said:
    I would buy a house asap. Never regretted making that decision. Yes the first three years were tough but worth it.

    Far too many pitfalls with flats
    and the house should be minimum 2-bedroom as 1-bedroom house could be hard to sell in the future?
    and should be with a garden as without garden could be hard to sell in the future?
    The house should have as many features as you can afford. Our first end of terrace 2 bed had 2 parking spaces, a garage in a block and a garden. It doubled in value when we came to sell. 

    Don't get me wrong the first few years were tough but so worth it.
    where it was (doubled in value)? if I can ask. is it commutable to london?
    Miranda25 said:
    Miranda25 said:
    I would buy a house asap. Never regretted making that decision. Yes the first three years were tough but worth it.

    Far too many pitfalls with flats
    and the house should be minimum 2-bedroom as 1-bedroom house could be hard to sell in the future?
    and should be with a garden as without garden could be hard to sell in the future?
    The house should have as many features as you can afford. Our first end of terrace 2 bed had 2 parking spaces, a garage in a block and a garden. It doubled in value when we came to sell. 

    Don't get me wrong the first few years were tough but so worth it.
    where it was (doubled in value)? if I can ask. is it commutable to london?
    actually it could happen in many areas depends on how long you owned the house.
    Yes 50 mins on the fast train and my better half did that journey for 10 years.

    To add we sold after 4 years and decided to go through the pain of a big jump again to a 4 bed detached new build. Because we were suckers for punishment and didn't mind working hard and trying to run a business as well as two full time jobs.
    I thought local people do not like new builds and prefer Victorian houses as they are better quality.
  • Miranda25
    Miranda25 Posts: 357 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    https://www.moveiq.co.uk/blog/buying/commuter-towns-london/

    Can anybody tell me please which towns are lovely places to live out of these ones:
    1. Ascot, Berkshire
    2. Milton Keynes, Buckinghamshire
    3. Bray, Berkshire
    4. Marlow, Buckinghamshire
    5. Tring, Hertfordshire
    6. Windsor, Berkshire
    7. Maidenhead, Kent 
    8. Grays, Essex
    9. Dartford, Kent
    10. Gravesend, Kent
    and out of those ones:
    1. Peterborough, Cambridgeshire = £261,594 
    2. Purfleet, Essex = £244,021
    3. Wellingborough, Northamptonshire = £257,799
    4. Northampton, Northamptonshire = £298,030
    5. Pitsea, Essex = £287,954
    6. Rugby, Warwickshire = £281,457
    7. Chatham, Kent = £293,664
    8. Bletchley, Buckinghamshire = £297,958
    9. Colchester, Essex = £344,043
    10. Luton, Bedfordshire = £304,925*
    Many thanks :-))
  • CSI_Yorkshire
    CSI_Yorkshire Posts: 1,792 Forumite
    1,000 Posts Photogenic Name Dropper
    If you're finding things in London out of your budget, looking at "the most desirable commuter towns for London" isn't going to help.
  • Miranda25
    Miranda25 Posts: 357 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    If you're finding things in London out of your budget, looking at "the most desirable commuter towns for London" isn't going to help.
    because they would be out of my budget too?
  • Miranda25 said:
    https://www.moveiq.co.uk/blog/buying/commuter-towns-london/

    Can anybody tell me please which towns are lovely places to live out of these ones:
    1. Ascot, Berkshire
    2. Milton Keynes, Buckinghamshire
    3. Bray, Berkshire
    4. Marlow, Buckinghamshire
    5. Tring, Hertfordshire
    6. Windsor, Berkshire
    7. Maidenhead, Kent 
    8. Grays, Essex
    9. Dartford, Kent
    10. Gravesend, Kent
    and out of those ones:
    1. Peterborough, Cambridgeshire = £261,594 
    2. Purfleet, Essex = £244,021
    3. Wellingborough, Northamptonshire = £257,799
    4. Northampton, Northamptonshire = £298,030
    5. Pitsea, Essex = £287,954
    6. Rugby, Warwickshire = £281,457
    7. Chatham, Kent = £293,664
    8. Bletchley, Buckinghamshire = £297,958
    9. Colchester, Essex = £344,043
    10. Luton, Bedfordshire = £304,925*
    Many thanks :-))
    Maidenhead is not in Kent, I think you mean Maidstone.  Some of these areas at least will be outside what you can afford I would think. 
  • CSI_Yorkshire
    CSI_Yorkshire Posts: 1,792 Forumite
    1,000 Posts Photogenic Name Dropper
    Miranda25 said:
    If you're finding things in London out of your budget, looking at "the most desirable commuter towns for London" isn't going to help.
    because they would be out of my budget too?
    Usually.  Desirable locations with short commutes to London are not known for being cheap.

    Although as I said before, I'm in the North, so someone with a little more local knowledge might correct me,
  • Looking at flats in Chatham ( I used to know it reasonably well) there are some new 'deluxe' leasehold ones by the river for around £295k or freehold 3 bed houses up on the hill for the same price. Then you factor in about 5K a year  for rail to London terminals.  Though it won't tell you what the neighbours are like it's always worth walking round a location on Google street view, you can see where the houses or shops are 'down at heel'  and the areas very few can afford.

  • Miranda25
    Miranda25 Posts: 357 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    edited 5 August 2023 at 8:29PM
    Miranda25 said:
    If you're finding things in London out of your budget, looking at "the most desirable commuter towns for London" isn't going to help.
    because they would be out of my budget too?
    Usually.  Desirable locations with short commutes to London are not known for being cheap.

    Although as I said before, I'm in the North, so someone with a little more local knowledge might correct me,
    They are cheaper than London. For example,

    https://www.rightmove.co.uk/properties/136130717#/?channel=RES_NEW

    I am thinking today:
    why would I go for not a nice house in Kent (for example requires a lot of renovation)? If instead I can go for new build 3 bedroom house in the North and still commute to London.

    Although I have no idea how easy it would be to sell in the future if I decide to move closer to London.
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
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.