London - which area for a first flat?

[Gwagon111]

housen said:

i know i keep saying it and it sounds harsh but whitechaple and the like are st holes end of

They are that . As has been said, the amount of development, and the lack of space, mean that truly ste areas are encroaching on nice / decent areas, at a rate that makes my head spin. That's the price of progress I suppose.

[princeperch]

http://www.rightmove.co.uk/property-for-sale/prope...

this is a great flat for the money (assuming you can chip a few bob off)

not one for the east london haters but I lived very close to this development for a couple of years and liked the area and the location..

[z4chris99]

princeperch said:

http://www.rightmove.co.uk/property-for-sale/prope...

this is a great flat for the money (assuming you can chip a few bob off)

not one for the east london haters but I lived very close to this development for a couple of years and liked the area and the location..

I've had a look round that one it's a nice place, lacks a direct tube stop though, you have overground but it's not the same

[princeperch]

a deal just seems to have been done on this 1 bedder in the same block

http://www.rightmove.co.uk/new-homes-for-sale/prop...

big old flat but top end money. I lived in haggerston studios just over the road - the location is very handy, 15 mins on the bus into the city, 10 mins on a boris bike....

[Cheib]

Irish said:

Sitting in my house in E14 - looking at the reducing in salaries and bonouses around parts of the City - and thinking anyone dropping 750k on an apartment (unless dry cash) - is crazy.

Informed by Ireland, where the music stopped, leverage is not something I want over the next few years.

Dynamics are totally different IMHO.....lets not forget we're already five years into the same issues that Ireland had in term of insolvent banking system.

I remember talking to relatives about the property prices over there for many year...the thing I could never ever understand was that it was cheaper to rent than buy....that was just a bizarre dynamic.

The biggest single difference is that the UK sets its own interest rates and Ireland doesn't. Those years of excessively low rates kept low by the ECB as Germany paid for unification is what really nailed the Celtic Tiger.

[okgo]

The prices for KX are ones of somewhere that has already arrived though it would seem...

Those new builds they're putting up opposite where I work are £550 off plan for crap looking 2 bedders!! The area will be good one day, but IMO its too expensive for something that is a long way from finished, but I would imagine you will make money if you bought here, google have bought up a huge plot for new offices apparently....

[wiffmaster]

Still searching. Have put in two offers so far (that weren't far from asking) and have been out bid on both! The nice ones go within a couple of days, whilst the dross hangs around for months. Should be a 'cash buyer' within a week, so might strengthen my position, I suppose. Budget has crept up again - £725k now, but still struggling to find a nice two bed/two bath close to Old Street tube and within 15 minutes' walk of Moorgate.

[85Carrera]

z4chris99 said:

vixen1700 said:

I knew somebody who had a flat in Tower Hamlets, a gated flat in the old Bryant & May match building. Fantastic flat, can't imagine what he paid for it in the early 2000s. He was posh and quite rich, mind.

I was there today, nice place but a bit of a mission. 10 mins to the tube then 10 mins to Liverpool st.

This is bow quarter release about 1992/3 I was gutted I couldn't quite stretch to it at the time. Be interested to know what is like as a place to live or an investment

[85Carrera]

louiebaby said:

housen said:

either way 700k is a good budget

close to work is nice but there is more to life

id aim for primrose hill for the £

I'd aim for a Studio for during the week, and a cottage in the countryside for the weekends, but that's just me.

I'm finding it interesting though. All the flats shown seem to be "prepared" for want of a better description. Magnolia and wood floors are popular!

I don't think you will get either:

Somewhere decent in primrose hill; or

Somewhere decent in commutable country

For your notional 700k let alone both

[85Carrera]

wiffmaster said:

Thoughts?

Will be based in Moorgate for work, so Aldgate is ideal transport wise. The area the flat is in is nice and one minute from Aldgate East...but it seems that you very quickly go from quite a nice area to quite a crap area. Lot of expensive buildings going up at the moment, so maybe an area on the rise?

Budget has also risen to £700k now. The nearer to the station and the nearer to Moorgate, the better.

Cheers.

Lot of money for a st area tbh. Wapping for that money for me

[z4chris99]

can sell you a nice flat on south bank, but you can't move in for a few years....

[85Carrera]

wiffmaster said:

God that's tempting. I know I'd probably get stabbed on the way home one night, but 1852 sqft and 8 minutes from Moorgate is seriously tempting.

Talk me out of it - in that area ,it's a stupid idea, isn't it?

Lower ground floor = you will be burgled

[85Carrera]

okgo said:

Clapham is full of s.

I should know, most of my mates go out there!

Always has been

[princeperch]

85Carrera said:

wiffmaster said:

Thoughts?

Will be based in Moorgate for work, so Aldgate is ideal transport wise. The area the flat is in is nice and one minute from Aldgate East...but it seems that you very quickly go from quite a nice area to quite a crap area. Lot of expensive buildings going up at the moment, so maybe an area on the rise?

Budget has also risen to £700k now. The nearer to the station and the nearer to Moorgate, the better.

Cheers.

Lot of money for a st area tbh. Wapping for that money for me

nothing wrong with the area at all - a lot of development going on there too with berkley homes and goodmans fields..

Wapping is ok - I have a mate who lives in new crane wharf, but the service charges in some of these converted warehouses are crippling and the area can be a bit dull and soulless, especially at the weekends. 2 bedder in new crame wharf is about 700k - they are nice but I'd rather spend 100k less and live in aldgate myself..

Edited by princeperch on Thursday 15th November 19:27

[housen]

http://www.baseps.co.uk/full-details?profileID=100...

well now that i have the keys and can show u my new property

you dont need to spend 700K

but u gotta be quick !!!

[wiffmaster]

housen said:

http://www.baseps.co.uk/full-details?profileID=100...

well now that i have the keys and can show u my new property

you dont need to spend 700K

but u gotta be quick !!!

Looks like you've done all right there - congratulations!

It's amazing how quickly the good stuff goes. When I first started looking, I used to 'save up' two or three properties and then head into London to look around all of them in one afternoon. Now when something comes on (or I get an advanced heads-up from an agent) I go in to look around it the same day, as I know that if it's any good, it'll be gone within a couple of days.

Looked at a lovely flat in Angel on Friday. Lovely block, two minutes' walk from the station and wouldn't have needed a thing doing to it. Sadly it was just that tiny bit too small (100 sq ft more and I'd have been in like a shot).

[croyde]

Nice! I was having an all day drinking session with some old mates in that area on Saturday. Found some good pubs but I'll be blowed if I could remember where they were.

[housen]

wiffmaster said:

housen said:

http://www.baseps.co.uk/full-details?profileID=100...

well now that i have the keys and can show u my new property

you dont need to spend 700K

but u gotta be quick !!!

Looks like you've done all right there - congratulations!

It's amazing how quickly the good stuff goes. When I first started looking, I used to 'save up' two or three properties and then head into London to look around all of them in one afternoon. Now when something comes on (or I get an advanced heads-up from an agent) I go in to look around it the same day, as I know that if it's any good, it'll be gone within a couple of days.

Looked at a lovely flat in Angel on Friday. Lovely block, two minutes' walk from the station and wouldn't have needed a thing doing to it. Sadly it was just that tiny bit too small (100 sq ft more and I'd have been in like a shot).

thx mate

that is a nice flat but 775k jeez

proberly sell though as it is nice and central

good luck in the hunt! nearly lost this one as it was a bit cheaper i made asking offer (originally 550k steal!) and some chinese student offered 25k more than me on the day ! so had to pay up

but still cheap i think , but that girl cost me my new bathrooms and kitchens

Edited by housen on Monday 3rd December 08:33

Edited by housen on Monday 3rd December 08:36

[housen]

croyde said:

Nice! I was having an all day drinking session with some old mates in that area on Saturday. Found some good pubs but I'll be blowed if I could remember where they were.

thx very much im v happy


bermondsey street and borough market both top places

[Gwagon111]

housen said:

thx very much im v happy


bermondsey street and borough market both top places

The Garrison, down Bermondsey street always used to do nice grub as well