Hi chaps,
I don't know Welling but it's more affordable than London, where I work and live (renting). Am trying to buy now before prices rocket further here.
I looked at this place yesterday:
www.rightmove.co.uk/property-for-sale/property-43207019.html
What do you think? This was before a mortgage adviser told me I can borrow more for longer, upping my budget considerably (190k ish, maybe more).
The vendor, a retired Irish lady, has lived there ten years, says it's really safe, never feels threatened there. And there is no service charge, which is highly unusual for the London area. I could live there very cheaply and not worry about paying the mortgage - my earnings fluctuate as I'm self employed.
On the other hand, when I went to view another flat in SE18: www.rightmove.co.uk/property-for-sale/property-41787344.html
.... the estate agent told me there is greater price growth in London postcodes because you could "guarantee the property is going to go up in price".
The second flat has service charges of 2000k a year!! And the room layout was such that it would be a close call trying to fit a 3-seat sofa in instead of a 2-seater.
I really liked the Welling place, but am worried I might be buying something that won't make much money in the long run. ie, a bad investment.
Would really appreciate some advice. Thanks guys.
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Would you buy in Welling, Kent?
69 replies
stargirl04 · 22/09/2013 22:54
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