Current situation:
We have lived in our little corner of London for 16 years and during that time the area has gradually gentrified and transformed to become one of the most popular and desirable areas for miles around, a sort of property hot spot. It has a nice High Street (no boarded up shops) a market, two lovely parks, excellent primary schools etc.
What this means is that we have been very lucky re. property prices and are now in the position where we could upgrade to a larger house (another bedroom and bathroom) without increasing our mortgage, infact possibly decreasing it, if we just moved about 10 minutes drive away. We could just about go mortgage free if we bought a similar sized house to the one we have now. However, these would all be slightly edgier/less chi-chi and more urban typically London environments.
For those of you that know London: I have done my time living in places like Hackney and Brixton (and anyway, prices are high there) I am v middle aged and am thinking of somewhere far more suburban like Norwood/Crystal Palace or Sydenham.
I love where I live, although am finding it a bit painfully trendy now, and wonder if I am being silly in not cashing in on the money we have been very fortunate to have accumulated by settling in an area all those years ago that has since become very desirable. Of course, when we moved here, it was a "less desirable" area but we were younger then, had less money and no children.
Any thoughts? Anyone done anything similar?