Advice needed - where can I buy in London/SE on 190k budget?(56 Posts)
Hi folks, I'm afraid I have a pauper's budget - single woman with no partner in a poor-earning profession (by London standards), but in my industry London is where the work is.
I've looked into shared ownership but I'm getting on a bit and think that shared o/ship is fine if you're in your 20s and 30s but not if you're older.
I have a decent deposit (around 70k) but combined with my income, it still won't get me much.
I really hate myself for admitting this because it sounds so snobbish but I just can't bring myself to buy an ex-local authority flat in London. The main reason (I think) is because ex-LA buildings just look so ugly and depressing.
I would also be worried about tough neighbours/drug problems/ gangs etc, not to mention the fact that you can be landed with enormous repair bills. (I've heard of people being asked to cough up 30k plus).
A colleague has just bought an ex-LA flat in Charlton but she is a braver woman than I am.
I can't afford Forest Hill and Sydenham, wouldn't dare live in Peckham, but would consider moving out of town into Kent, Essex or Surrey.
I'd like a two-bed, ideally, but realise I can probably only get a one-bed if I want to live somewhere decent.
Greenhithe looks affordable - does anyone have any advice about this place as I don't know it at all?
I can afford Belvedere and Welling, but hear that both are pretty grim. I don't want to move to a chav town particularly, but realise I'm on a limited budget.
Anyone got any bright ideas? I need to be on a train line no farther out than 45mins from London stations.
That property in Lee that dueanamechange posted is lovely. I know Lee quite well and it's an alright place to live in SE London. Only 12 mins to London bridge too and near blackheath which is lovely. Not sure if the area is up and coming but my friend brought a 2 bed flat there for 205k 5 years ago and sold it for 310k last year!
hither green is quiet and peaceful. Some areas of Sidcup are ok too.
I wouldn't bother with South Norwood or Catford and I agree with you that Peckham is horrible. Sydenham is a little better, though.
I think I'd live further out, as in Kent, so you can get an easy commute to London Bridge (where I commute to) even if it means getting a one-bedder. Not a fan of the S.E 'burbs (I live in one for now but leaving in the autumn and I can't bloody wait)
Further out but 30 mins to London Bridge? You can buy a house for 200000!
Littlecrystal - why do I need to stay away from the High St in S Norwood, is it a bit dangerous or is it just ugly? I prefer purpose built (newish) as the sound proofing tends to be better and, so I'm told, fewer things go wrong with them as they're more modern, but I guess I'd settle for period property if I had to .
I was slightly put off period property after going to a viewing in Anerley and I could hear thudding coming from upstairs. The tenant explained that the upstairs resident was doing her keep fit! It felt as though it was a herd of elephants doing a dance.
When the estate agent called me a couple of days later I told him I was put off by the noise from the flat above and he said that "was the problem with period properties". He said when he and his wife moved into their flat they got the keys and on their first night there could hear the folks upstairs having a conversation.
Is this common with period property or was I just unlucky?
or was it a lucky escape?
Helpyourself: I know what you mean about Peckham - during the day it's lovely - Peckham Rye is gorgeous (esp. in autumn) and Bellenden Rd is very groovy. But at night it's a different atmosphere. And I would be walking home after nights out and catching the night bus home etc.
Also, I thought Bexleyheath and Dartford might be a bit ugly, but I would have thought Bexley was quite nice - the reason being that an ex lives there, and he's an Oxford-educated banker (who's quite rich).
If only I'd stuck with him, I'd be on the property ladder now
As for rail fares, I find that any savings I make on living farther out tend to be cancelled out by higher rail fares. But I haven't discounted it yet as I generally can get more for my money out of town, which does compensate. However, I think I'll focus on Penge/S. Norwood areas.
Does anyone think these areas are likely to come up?
Merstham and Woking are interesting ideas, thanks.
Southeastdweller why do you dislike the Kent , just out of interest. I don't know Kent at all. In fact I don't really know anywhere outside of the city. Sutton seems popular.... anyone know about that?
Twinklestar - that is amazing about Lee. I will have to go back and look again at that flat you mentioned.
One place in Lee I'm interested in is a new build but on Lee High Road, I think above commercial premises. Would I be nuts to go for a place above a shop?
Unless I have misread anything in my fog of tiredness (small hot DC keeping me awake). Then you are looking for flat pref 2 bed newish build and good commute nice area.
Beckenham. Plenty of what you seek. Can't link because I looked it up on app. Sorry. But go to right move and search.
Will come back after sleep and link properly.
Or West Wivkham.
I'd just reiterate what someone else said further up. Check out rail fares. Once you add those on a property further out may not seem quite so much of a bargain. And remember that your mortgage costs might go down but your rail fares will only ever go up.
Stargirl4, cannot link on my phone, suggest you put Woodside on Rightmove and it will come up some purpose built 2 bedders within your budget. S.Norwood high street is more ugly than dangerous.. I have been in the area for 6 years and although I realise that there are better places out there, when the budget is limited it is pretty good compromise. As somebody called it, and I liked the description - inoffensive.
Beckenham and Penge are seriously under priced for rest of London because not on the tube. Avoid the groves area of Penge, but elsewhere either heading up the hill to crystal palace or down the hill to beckenham is fine. Lots of my colleagues commute by bike though you have to be fit to get up that hill.
Have you considered East London? Bank on the central line is a short walk to London bridge . You could afford a one bed in Wanstead or south Woodford (lovely areas) or something larger in Leyton or Leytonstone. Wathamstow mainline train goes to Liverpool street. Search this site for threads on these areas, recently ones on Leytonstone & Wathamstow.
I don't dislike Kent - some of my colleagues live there and like it - and I was thinking Beckenham would be a good choice.
The problem about noise in period properties is what I'm going through now (as well as issues with the twunts next door). Funnily enough I never had any problem neighbours when I lived in better parts of the city...I would try and get a top floor flat if possible.
I'm with littlecrystal: South Norwood and Woodside are definitely worth a look. Excellent transport from buses, trains and trams. Great parks and a lot of local community events. The yearly South Norwood Arts Festival has just finished and was great. Lots of period houses
Whenever we lived in period properties we had noise issues bar a Georgian conversion which had extremely thick walls. Bloody freezing though. We also had noise issues in a property built in the 1990s.
Wouldn't live in a conversion flat again for that reason.
I'd second Beckenham and it's nicer than Penge. Don't know if I'm being unfair to Penge as I've only been on the slightly depressing high street when it was pouring with rain.
You might be able to pick up something in a 1960s block in Forest Hill or Sydenham for that budget. Might be a tad ugly from the outside but the room sizes would be decent and the flat soundproofed.
Re: repair bills, if the ex-council place has already been through 'decent homes' (and most have) you're safe.
Another area to consider is Addiscombe which has a great local shopping street and is on the Croydon Tramlink. I might not have the majority view but I think a lot of Croydon is brilliant and massively underrated!
Dartford and surrounds really aren't that bad. Lived in Swanley for a while and felt safer and happier than I ever had living in new cross / brockley / forest hill / cat ford or penge over the years. Lovely countryside and fast train to Victoria in under 30 mins.
It all depends on what is important to you. Lots of very pretty villages around here with good rail links too.
I suggest you go exploring
I don't know much about Sutton but the prices seem reasonable.
http://www.rightmove.co.uk/property-for-sale/property-27514215.html . Maybe someone else can give advice on that neck of the woods.
What about Stratford? The transport links are great - jubilee line, central line, dlr, London overground plus the regular train lines out to Essex/east Anglian.
Commute from Tonbridge would cost around 3k per year.
Not sure you'd find many flats in Peckham within your price range ( even if you did want to live there).
Stepsister has just moved to Lee Green from East Dulwich and seems very happy with the decision.
Sutton seems ok. Good shopping high street. Seems quite tidy. A friend is bringing up kids there.
Although the train fare outside m25 is more, it depends if you have an onward commute and if you need a travelcard too. I was within 20min walk of charing cross, and at that distance it was the same time to walk than to go down to tube, wait travel and emerge at other end. I think you really need to do a bit of exploring and see whether you prefer being in or outside London. If you are into clubbing etc then somewhere on a night bus route is essential, if you enjoy bike rides and country walks then time to move out.
I think South east London has those properties within your budget. You just have to do a research and don't let your emotions overrule you and end up in properties you can never be happy later. So do a research among your friends and online and get a good idea of different places in London. Then contact a good buying agent, I'll refer Propsavvy, so that they can know your credit limits and help you find the property in your budget limit.
Sutton is ok but boring, High street full of chains but tidy, just no charm. Also hardly any decent places to eat out there, if at all - you'll have to go out elsewhere and then always travel home. But if you don't go out most night a week, then it can be fine and the prices reasonable. It's not far from some large surrey parks (but not in Sutton itself). The other minus point is, the fast train to Victoria (25-30min) is only once an hour as I remember, and other trains are around 45 min - plus the walk to your place, so it can take over an hour for you - as that's from Victoria. Other than that, quite a few families and retired people there, but not many mature singles - that's much more SE London.
I'm very interested myself in suggestions in Kent - I'm looking for a house on a larger budget (but still small) with a 40min train or less, can someone give more details on Orpington - what are pros and cons? hope Op would benefit too. I don't like Bromley, again quite boring, would prefer to be more out of the city.
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