London - which area for a first flat?
Discussion
BrabusMog said:
Living in London is a bit like buying a Rolex. You know you aren't going to lose any money when you need to sell and, in most cases, are likely to make a profit if you've been holding on to it for a while.
Have you anything to make me feel better about moving out from home to go over there and piss exorbitant rent down the drain? 
housen said:
i dont undertand why people say hackney etc is like shoreditch a few years ago
shoreditch is BANG in the middle of london ...the area is a hub to commuters and finance
all this hackney bow e25 yit is quite far out and on the way to no where
it will never be like shoreditch was on its rise
plus it aint cheap anyway
bow wont be like shoreditch as it isnt as 'urban' and gritty. but I think it will do alright (hence why I purchased there). I am literally 30 seconds from victoria park, and 5 minutes from victoria park village, 1 bedders there change hands for in excess of 300k no bother. shoreditch is BANG in the middle of london ...the area is a hub to commuters and finance
all this hackney bow e25 yit is quite far out and on the way to no where
it will never be like shoreditch was on its rise
plus it aint cheap anyway
996c2 said:
500k will buy you a 2 bed flat in an established area even in London!
Not all areas though. There is a 1 bed basement flat in the road next to us that is on for over £1m! Having said that, apart from the stupidly over priced areas, with that budget the world is your oyster.iphonedyou said:
BrabusMog said:
Living in London is a bit like buying a Rolex. You know you aren't going to lose any money when you need to sell and, in most cases, are likely to make a profit if you've been holding on to it for a while.
Have you anything to make me feel better about moving out from home to go over there and piss exorbitant rent down the drain? 
sleep envy said:
Welcome to London.
Not for me. I'd not have to explain over the phone that one of my search criteria is "well lit area" as one girl here is who's moving to Homerton. Another lad who has to meet his Mrs at the station every night because its not safe for her to walk back on her own. f
k all that.sleep envy said:
housen said:
i dont undertand why people say hackney etc is like shoreditch a few years ago
shoreditch is BANG in the middle of london ...the area is a hub to commuters and finance
all this hackney bow e25 yit is quite far out and on the way to no where
it will never be like shoreditch was on its rise
plus it aint cheap anyway
it'll also go massively up in value again by 2015 thanks to Derwent London's White Collar Factoryshoreditch is BANG in the middle of london ...the area is a hub to commuters and finance
all this hackney bow e25 yit is quite far out and on the way to no where
it will never be like shoreditch was on its rise
plus it aint cheap anyway
whats the latest on this project ?
do u have a link ???
okgo said:
sleep envy said:
Welcome to London.
Not for me. I'd not have to explain over the phone that one of my search criteria is "well lit area" as one girl here is who's moving to Homerton. Another lad who has to meet his Mrs at the station every night because its not safe for her to walk back on her own. fk all that.the bank valued my flat on my remortgage in february this year at 17k more than I paid for it after 8 months so I am very happy with that. That's 17k in real money I didnt have to put in to get the 25pc deal @ 3pc I wanted.
okgo said:
sleep envy said:
Welcome to London.
Not for me. I'd not have to explain over the phone that one of my search criteria is "well lit area" as one girl here is who's moving to Homerton. Another lad who has to meet his Mrs at the station every night because its not safe for her to walk back on her own. fk all that.t hole within 5 mins walk ANYWHERE in London.iphonedyou said:
BrabusMog said:
Living in London is a bit like buying a Rolex. You know you aren't going to lose any money when you need to sell and, in most cases, are likely to make a profit if you've been holding on to it for a while.
Have you anything to make me feel better about moving out from home to go over there and piss exorbitant rent down the drain? 
chris7676 said:
Renting in those prime locations is actually relatively cheap (3%-4% yields). As such I wouldn't personally want to invest and it's quite unrealistic to expect these prices to continue in the long term. It has its advantages over the rest of the UK but it's not that diffrent and it's the same tax & legal system. As someone said before - the numbers do not add up. But for the time being the party goes on
The party just needs to soldier on for 15/20 years and I'll be happy.HowMuchLonger said:
OP you need to refine what sort of area you want to live in. London is soo big that there will pretty much be an area to suit every person. Let us know what you want from the area, only then can we let you know what would suit you best.
he doesnt have a choice he has 500k and needs a 2 bedder Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff