Situation is that we need to move to be closer to decent secondary schools for DD (we’re not near any decent state schools).
Lots of private schools, however I can’t afford it right now.
Our house is on the market, however all of the houses right next to the good state schools are too expensive.
We’re considering flats (think large Georgian/Victorian conversions) and have seen one we really like.
It’s the same square footage as our current house, ideally placed for all three schools we’d like (2 good state options and a great private option)
However it’s a 2 bed flat with a shared garden. At the moment we have a 3 bed house, private garden, garage, plus massive communal gardens.
But here’s the other draw - if we bought the flat, we’d have £140k left over, as have a lot of equity.
That cash could pay for private school (if by some fluke she didn’t get into the states), or have savings for DD to go to uni, deposit for her first property, or just a good ‘cushion’ for me to have saved.
I’m self employed, and things are looking a little rocky, so would be great to have that cash in the bank.
What would you do - stay in the house (technically, DD could potentially get into the decent state school from her dad’s address, as we have 50/50 custody), or move to the flat and have the £140k left?