Advice needed - where can I buy in London/SE on 190k budget?

(56 Posts)
stargirl0412 Mon 15-Jul-13 18:34:47

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. blush

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.

Thanks

Frm73 Tue 27-Aug-13 10:49:49

Catford is a nice place to live, if you chose wisely a one bed Victorian flat is achievable under 190K within a friendly conservation area. There are two areas being developed soon, one by Barrats if you wanted a new build.
Catford already has two train stations into central London in Zone 3. I condider my self lucky enought to live in SE6, with an active neighbourhood group, highly rated school and local shops. If you wanted I can show you round the area and take you out for a drink just to sample Catford!?

Bellts Thu 18-Jul-13 10:46:21

if you search br6 7ah on right move theres a 2 bed flat for 210000 it is outdated. I think it will go for cheaper as recently a more up to date flat in same road sold for 207000. good luck

sleepdodger Thu 18-Jul-13 10:28:12

Are you all about london or just proximity to london? Head north?
Market harborough 50 min into pancras on east mids trains- beautiful villages for 200k youd get a cute cortage or Rugby 56 min by train into euston on virgin and for 200k you could get a 3/4 bed house... Loads of nice villages round about too

fuckwittery Thu 18-Jul-13 00:15:22

[http://www.rightmove.co.uk/property-for-sale/property-39405391.html]] cottage 180k hitchin second room is a box admittedly

allaflutter Wed 17-Jul-13 15:50:25

that was, tiny 2 bed house for about 250 - the section jumped.

allaflutter Wed 17-Jul-13 15:38:23

fuckwittery can you share more about the leafy Herts grin? So far everything I've looked at on rightmove is VERY expensive if it's on rail link, places like Harpenden, St.Albans. for about 250. Yes, you can get a tiny miniscule 2 bed houseWith smaller places it's just unrealistic to go and look at all of them, so a local's info would be very useful!

OP, just go for the top floor if buying period property! some lower flors can be well insulated if the flat above has carpets with underlay - unfortunately people don't want to spend on that often than not, in a inexpensive flat. But you can always ask the agent to find out before going to view. I wouldn't dismiss them- nice and cool in summer unlike the new-builds <smugly MN'ing in a cool breezy flat>

allaflutter Wed 17-Jul-13 15:20:59

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.

sophialewis Wed 17-Jul-13 13:52:35

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.

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.

WafflyVersatile Tue 16-Jul-13 11:47:09

Sutton seems ok. Good shopping high street. Seems quite tidy. A friend is bringing up kids there.

Jollyb Tue 16-Jul-13 10:02:16

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.

Coconutfeet Tue 16-Jul-13 09:55:12

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.

PerilsAsinger Tue 16-Jul-13 09:21:26
PerilsAsinger Tue 16-Jul-13 09:21:08

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.

Gingersnap88 Tue 16-Jul-13 08:04:12

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 smile

xigris Tue 16-Jul-13 06:58:34

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!

KateCroydon Tue 16-Jul-13 06:37:03

Re: repair bills, if the ex-council place has already been through 'decent homes' (and most have) you're safe.

Barbabeau Tue 16-Jul-13 06:36:33

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.

xigris Tue 16-Jul-13 06:31:48

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 grin

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.

lambinapram Tue 16-Jul-13 00:15:36

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.

MrsFrederickWentworth Tue 16-Jul-13 00:08:53

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.

littlecrystal Tue 16-Jul-13 00:01:49

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.

WafflyVersatile Tue 16-Jul-13 00:00:14

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.

MrsFlorrick Mon 15-Jul-13 23:58:24

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.

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