If you could buy in any London Borough...

[kiethton]

if you want something more central how about Highgate?

[Froomee]

okgo said:

I think you need to double those prices for Islington mate

I am currently looking for a second house and for a friend and whilst there isn't many properties available (most are ex council) quite a few of them are in nice areas despite not looking that pretty (like new builds). The trick is to get one in a small block, near a main road, etc rather than on an estate.

There was a nice 1 bed for sale not too long ago for £280kish on New North road, 271 straight into the city and 5/10 minuee walk for Highbury and Islington Station (1 bed new builds are generally £350-£75kish or so atm on City Road).

Search on rightmove under N4, N7, N19 postcodes (I think Finchley is N2)

[Himself]

okgo said:

I think you need to double those prices for Islington mate

Not if you're careful, we have a small place (think 1 1/2 beds) in N5 and it's not worth much more than 250 right now, it looks like it's changing quickly though.

[The Stiglet]

BJG1 said:

Is a bit of a stretch on that budget but you could get this: http://www.rightmove.co.uk/property-for-sale/prope... and rent it out for around £1,400 a month.

Interesting. Of course, not quite in the 'right' part of Battersea but I don't doubt he rental possibilities. Good find.

[The Stiglet]

blindswelledrat said:

You know more than me obviously. I was chatting to a chap from Lend Lease a while back about it (the developers) and they had a much more positive view of it and I understood it involved many £1m+ apartments which were already attracting a large amount of interest from foreign investors. It was all anecdotal, obviously, so you're probably still right but I do know it is supposedly kicking off on a large scale early next year.

No I wouldn't say I know more, I just have an opinion about it. Lend Lease obviously have a duty to self promote their products and create a positive buzz with the hope that this will increase sales. Perhaps they have had lots of foreign investors buying up the £1m 3 beds in their tower blocks, which actually look quite nice btw. I noticed that they are selling Studios for £300,000 when around the corner a two bed terraced house, which has been modernised is going for £270,000.

Regeneration or gentrification? It will be interesting to see what happens!

[BJG1]

The Stiglet said:

Interesting. Of course, not quite in the 'right' part of Battersea but I don't doubt he rental possibilities. Good find.

I live on Battersea Park Road, a bit further up from there and am looking to buy in the area. £350k is going to be tough, that one looks like a bit of a steal to be honest. I'd estimate the flat I'm renting is worth between £500k and £550k and I pay £1,500 a month in rent but have got an absolute bargain. I have a huge outdoor terrace (about 10 ft x 25ft) and it's all brand new, should probably rent for close to £2,000 a month. The yield in Battersea won't usually be great but you're looking at 10% appreciation a year, possibly more. Battersea park road in general is ok - you've got the good bits of Battersea High St behind it and it's the best place for commuting as it's 5 mins to walk to Clapham Junction. You just don't want to be the south side of the road down Falcon Road - where the man wielding 4 knives shouting "death to the infidels" lived.

[typer0612]

kiethton said:

if you want something more central how about Highgate?

High gate is a good area. Used to live there before.

Look at the muswell hill area, that's always going to be popular.

[kiethton]

typer0612 said:

kiethton said:

if you want something more central how about Highgate?

High gate is a good area. Used to live there before.

Look at the muswell hill area, that's always going to be popular.

http://www.rightmove.co.uk/property-for-sale/property-28314927.html?premiumA=true

something like this may be good - great bedrooms and close to Archway tube