To think this house is worth it and London won't crash?

[Yazhi]

After searching for a long time we have found a house in an area that both DH and I like. DH thinks we should wait and see if the prices drop in London. Flats seem to have dropped and he's hoping houses follow. Who do you think is right?

This is not necessarily for the OP, but what are people's thoughts on Walthamstow? It's apparently the next spot to be. Still quite cheap. Apparently lots of doctors and nurses flocking there.

(We're in MH and don't intend to move again.)

they are still renting be it a council flat in a very nice area.The upset they feel is real.

No idea why they’d be upset. The longer they continue renting it, the bigger the discount they’ll get if they purchase it through right to buy. It’s a very sensible financial decision if it’s in a very nice area. I have friends who are property millionaires as a result of buying their central
London council flat.

@lettie9 - I bought my first place in Walthamstow, 20 years ago now! It was only just starting to be considered livable then, but I loved it. Very good value, I bought a house when I could have only got a flat most other places. I would have stayed but DH wouldn't deign to live in the area , go figure!

It's got a lot more ameneties now, a really lovely cinema for example, houses are nice. Primary schools are pretty good but I don't know about secondaries.

Do you need a home or an investment?

@califragalistico It was under offer a few months ago and according to the agent it got all the way to exchange and the buyers pulled out.

£1.65m and no parking space!

@DagenhamRoundhouse

£1.65m and no parking space!

Houses with driveways are the epitome of suburbia in my mind. Who wants to walk along a street of attractive Victorian or Edwardian homes and have their view of the pretty front gardens marred by a Nissan Micra or a Range Rover? These streets have residents’ parking so it’s not generally hard to get a street space relatively near your front door, and we Londoners who drive tend to be shit hot at parallel parking. It’s just not an issue.

@Yazhi oh good, you may have a bit of room for negotiation then hopefully! Fingers crossed.

I’m loving Havering and Dagenham having a conversation about The ‘burbs.

@Camdenish

I’m loving Havering and Dagenham having a conversation about The ‘burbs.

Ha ha- my Havering is the Scottish verb rather than the one that goes with Barking

Hmm I wonder why the buyers pulled out. That always makes me suspicious.

Hi OP. Just in case you’re vaguely interested, I saw two houses in Barnes in a similar style to the ones you like in MH for under £2m. May accept offers? Both are very modernised. One has an extra living room in a semi-basement (good for playroom)? One has a big back garden. Both in catchment for Barnes Primary.

You are absolutely right that most people tend to opt for independent schools for secondary though. The schools are very competitive ie St Paul’s (boys snd girls), Latymer Upper , Godolphin and Latymer, Putney High, Wimbledon High, Kings College Wimbledon, etc. Also direct coaches to Hampton and LEH. These are some of the top schools in the U.K. though, so it’s not money for old rope. It’s a vicious circle in this areas because so many go for independent schools, they don’t build enough state secondaries.

But anyway, just for comparison (sorry don’t know how to link full details) -

I’m going to have to go back amd re-read your posts in a different accent now Havering.

Barnes is lovely but it doesn’t have a tube either.

N. London has South Hampstead, North London Collegiate, U.C.S, Highgate, you can get into City of London and out to Haberdashers. Also Camden Grammar, Henrietta Barnett and Queen Elizabeth School.

The house I lovely but the price makes me happy to live in Yorkshire....
(Our 3 bed, although not as lovely or big, cost 10percent of that! )

I don't think London will drop. People are too invested in living there.

There's a definite muswell hill 'type' that isn't everyone's cup of tea!

Do tell

What is a Muswell Hill type?

You could buy a small town for that kinda money round here.

Oh I'll get in trouble probably!

People from round there will know what I mean!

It is very nice and I have had lots of friends from there so it's not an insult just an observation.

@NiceGerbil

Oh I'll get in trouble probably!

People from round there will know what I mean!

It is very nice and I have had lots of friends from there so it's not an insult just an observation.

I'm from round those parts . Tbh I'd love to know you in real life NG; you're a legend to me on the Feminist boards. Maybe I do.

I prefer the first one as well op. Seems to have more features (though both are beautiful properties). A house should be a home not an investment. If you can afford the mortgage etc and plan to stay there a while go for it.

Lolol maybe Charley I am getting on a bit though! Tbf I don't get up there as much as when I was young things could have changed. And thank you!

I lived in Walthamstow for some years in the 1990s. I loved it. In those days it wasn't trendy. My little flat that I sold for 47 thousand is now worth another 300 thousand and my beautiful garden is in a hell of a state and no work has been done on the fabric of the building since my day. Even the cupboards I inexpertly built were still there when it was last sold. Crazy prices. But it had a fantastic feel to the area.

Brought in Walthamstow recently and we've already had prices go up 150k on our place

@My3dahliasarebloominlovely
@monkeymobocracy

That’s crazy! This is why it’s so hard to buy jn London for so many families.

Don't agree parking is not an issue. I moved out of london 18 months ago and parking was an absolute must even on a quiet street in a village after the HELL of trying to park on my street in London and the unpleasantness it engendered among neighbours .

Move to the country OP, much nicer and you could buy a mansion with land !!