Our main family home is in Yorkshire and on the east coast mainline (into kings cross). No plans to change this.
DH works in London, nearest tubes to his office are Bank/Moorgate. He stays in hotels in the week. His travel and hotels are funded from his earned salary as his contract is London based. My role is based in Yorkshire, but with frequent commutes to two London offices, one at Canary Wharf, the other by the Tate Modern so I tend to use train to Blackfriars bridge, but can take tube to London Bridge. My London travel is covered by expenses though I do have an option to take a small per diem instead of hotel costs.
DD is due to go to university in October 2020. Her top two choices are LSE and KCL.
I'm wondering about buying a flat...for DD to use for second year onwards and rent out room(s) to other students and then for us to use in the longer term. My rationale is that we would save the dead money of student rent and hotels and this plus the convenience might make it worthwhile.
I don't have a budget in mind other than ideally keeping costs low for London - under £500k for sure. I'm assuming would be wise to look south east or east.Would want it to be served by good public transport late at night so probably tube rather than Train? Schools not a consideration so possibly an area with poor school options would go in our favour.
Does this sound like a sensible idea? Only thinking about starting to look currently and would wait to see the Brexit fall out before committing. If it's a good idea where should I look?