Small house nice location or bigger house less nice location?

[HomerPigeon]

Would you go for a smaller house in v gd location, or bigger house in less nice (and less convenient) location? The DC are approaching teenage years.

Have been in rented since we relocated a year ago and have watched the market rise in that time to a point where I am now almost priced out. Everything goes to sealed bids and sells over asking price.

Have found a property in a good location, walking distance to town and school, but tiny. Alternative is to keep looking and go quite a way farther out of town for more space.

What to do??

I would always go for location. I live in a tiny house but I've never regretted it. We are not well off but I am extremely thankful to live in a nice location.

I'd definitely say location over size - within reason.

I'd also say you might want to hold your horses; I don't know where you are but the market seems to be cooling considerably due to the new MMR and talk of interest rate rises. Price rises have been unbelievable where I am (London) and now seem to be actually dropping slightly - with houses cramming onto the market and very little going under offer, properties are being remarketed 4-8 weeks after launch, having dropped £50k+ off the asking price.