Mental rambling about Relocating to the north
Discussion
I Currently live on the south coast - I own a flat, mortgage paid up - estimated value say £100K.
I'm really not liking my current work environment. My work is excellent but my work throughput is too low.
I'm not likely to get another post if I walk out of my current job. - Aged 59 I have a couple of herniated inter-vertebral discs, and my legs and hands do not work too well anymore. I'm also diabetic and suffer from ulcerative colitis which is currently in remission, so I try to avoid any stressful situations.
Looking on the internet there seem to be many properties in northern towns ( Peterlee, Darlington inter alia) where it seems possible to buy a house for £25K to £40K.
Is there any reason for not selling my flat, then driving up north to look at purchasing a house up there. This would mean that I had a fully paid up home, and +£60K cash in hand on which to live until my state pension kicks in.
The PH bonus is that most of the roads appear to have plenty of on-street parking, so I could replace the Skoda Roomster with a more interesting car.
I'm really not liking my current work environment. My work is excellent but my work throughput is too low.
I'm not likely to get another post if I walk out of my current job. - Aged 59 I have a couple of herniated inter-vertebral discs, and my legs and hands do not work too well anymore. I'm also diabetic and suffer from ulcerative colitis which is currently in remission, so I try to avoid any stressful situations.
Looking on the internet there seem to be many properties in northern towns ( Peterlee, Darlington inter alia) where it seems possible to buy a house for £25K to £40K.
Is there any reason for not selling my flat, then driving up north to look at purchasing a house up there. This would mean that I had a fully paid up home, and +£60K cash in hand on which to live until my state pension kicks in.
The PH bonus is that most of the roads appear to have plenty of on-street parking, so I could replace the Skoda Roomster with a more interesting car.
Thank you for your comments so far.
The only reason this has crossed my mind is in order to retire early, without being a burden on the state (other than my medical requirements).
Outside of work I'm actually quite happy.
I wouldn't mind living in a house or in a flat, it just seems that in the northern towns there are more houses than flats for sale.
The only reason this has crossed my mind is in order to retire early, without being a burden on the state (other than my medical requirements).
Outside of work I'm actually quite happy.
I wouldn't mind living in a house or in a flat, it just seems that in the northern towns there are more houses than flats for sale.
Ricky146a said:
Avoid Peterlee, Station Town or any of the neighbouring Co Durham towns like the plague. Yes, you can get cheap houses there but they are going nowhere and neither will you.
Look at Newbiggin-by-the-Sea, Ashington, Widdrington and surrounding areas. Avoid Blyth.
PM me if you want some further insights.
Ricky146a - Many thanks for your input. This is a long term thought - I might take a couple of weeks leave in March/April and spend the time visiting the above towns.Look at Newbiggin-by-the-Sea, Ashington, Widdrington and surrounding areas. Avoid Blyth.
PM me if you want some further insights.
elanfan said:
If you aren't concerned about leaving an inheritance for anyone then stay where you are and look into equity release. I suspect that your health would work for you in terms of the deal you might get.
Thanks for that thought Elanfan - That is could be an alternative possibilityGassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff