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London - where would you buy for £750k

27 replies

DaydreamRedeemer · 14/01/2020 10:25

It looks like we will be living in accommodation linked to my husband's job for at least another 15 and probably more like 30 years (we thought we'd try it out before we committed to anything, we've been there a decade now so doesn't look like we're going anywhere).

We want to buy something in London that we can rent out while we have to live in DH's tied accommodation, and then when DH retires we can either live in it ourselves, or sell it and buy elsewhere in the UK. We're worried if we don't buy something now we'll get to retirement and then not be able to afford anything and also not eligible for a mortgage. We don't own anything else.

I'm somewhat overwhelmed, especially because we may or may not ever live in this place so it feels less personal than I ever thought buying something would feel. But then again, if we like it then maybe other people will and if we ever have to sell it it will have held its value. An area that is up and coming would be good as well but we don't want to get trapped in expensive new builds like around Nine Elms that everyone keeps telling us will lose their value.

If you had a budget of about £750k, prefer 2 bed but would consider a big 1 bed, and no need to live near particular schools or work but prefer to be more central if possible, where would you buy?

OP posts:
Lightsabre · 16/01/2020 04:32

In a situation where you are required to live in a property for the essential performance of a job then CGT is not payable but this may only apply to your dh. Your share may still be payable - you'd need specialist advice or look on the HMRC website.

MeanMrMustardSeed · 16/01/2020 04:40

Me and DH have often said how retiring to London would be amazing. I’d be going back to Westminster. Love it round there.

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