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Reassurance needed please!

14 replies

StartingAgain33 · 04/06/2021 11:10

I am a first time buyer and am buying on my own. I'm just about to exchange on a very cute, but small, 1.5 bed house. It has a small but nicely formed garden, a spiral staircase and lots of character. It's also in between an area that I like for its amenities and another area with a fantastic park, and I did lots of due diligence on the neighbourood/street so I am confident as I can be that I'm joining a nice little community, which was important to me.

However, I stupidly went and had a look at Rightmove out of curiosity and saw that there was a very decent sized, 2/3 bedroom house with an extension and a massive garden about 20 minutes walk away. It also has two reception rooms and is semi detached! Way less character, and would need some work, but far more appropriate for a family if I ever have one (which I would ideally like to in the next five years). It was listed for the same price and I'm now kicking myself.

I'm guessing it was cheaper because the area is less popular than where I bought (much closer to the fantastic park, where I do want to go every day for a swim anyway). I also feel I would have been surrounded by families, as opposed to a mix of different types of people, and I think I would find it difficult being surrounded by families if I didn't have one. Also, the garden was really big and required lots of maintenance. I love a spot of gardening but it's time consuming. I am wondering whether actually I have bought the right thing for me at this time, and the kids question is a bit out of my hands, unless I decide to potentially do my own (I'm probably going to run out of time fertility wise in next few years, although I have frozen lots of eggs which may extend that period).

I know I don't know how much it went for, but I am kicking myself for not seeing it to compare, and am now feeling it would have been likely I would have offered something on it as it was such a good buy.

Has anyone else experienced this kind of remorse / kicking themselves? Am I fooling myself that 1.5 beds is enough for someone in my life situation? I'm buying in London (and don't feel up for moving out yet) so it's a lot of money to be putting down and it's stressing me out a bit I think.

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ComtesseDeSpair · 04/06/2021 11:18

Moving is an upheaval and if you know you definitely want DC in the near future then it’s probably wise to consider how long you could potential call a one bedroom place home for.

In terms of the other house, in London particularly house prices are hugely influenced by schools: a surprisingly cheap property can mean that local schools are poor or it’s difficult to get a place in catchment - not something you know about if you don’t have DC, but it may not have been particularly good if you want a family on those grounds.

StartingAgain33 · 04/06/2021 11:28

@comtessedespair I reckon I could have a baby / toddler in that room for a few years, so perhaps there's a few years in it once DC arrive, plus I'd have more money presumably with a partner to buy somewhere else.

I did check catchment info with this area and it is very good it seems. The other house area I'm not sure and you're right, there must be a reason it was priced cheaply.

Also, I have noticed some houses are put on cheaply for a quick sell. Perhaps - who's to say it didn't go for an extra £20k or something, which I couldn't afford?

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milinhas · 04/06/2021 15:01

If you couldn’t afford an extra £20k you definitely wouldn’t want to be taking on a house that needs work! Location is very important in London and it sounds like yours is lovely. Is it SE by any chance?

starstar84 · 04/06/2021 15:20

@milinhas haha yes! How did you guess?

milinhas · 04/06/2021 16:01

@starstar84 we have the most fantastic parks of course!

StartingAgain33 · 04/06/2021 16:34

@milinhas ah of course! ;)

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Livingintheclouds · 04/06/2021 16:59

Go for what you need now, not what may or may happen.
If you were actively trying to get pregnant that would be different, but that doesn't seem to be where you are at. And as someone who averages three years in a house (and I do have kids), you can move if the need arises - there's no rule that you have to stay in a house for X amount of years.

overwork · 04/06/2021 17:27

I think with your mention of swimming and SE London I have an idea of where the other house is, and I would also have found it too family orientated when I was buying alone. You can only do what is right at the moment, you don't know what could happen next. Delete Rightmove!

StartingAgain33 · 04/06/2021 17:57

hahaha @overworkthat's reassuring! Other house is firmly in Beckenham, mine is in Catford on a lovely road...I grew up in Ladbroke Grove which weirdly reminds me of Catford (how it was in the 80s and 90s), so I feel at home there. If you were thinking Beckenham, really glad you would have found that too family - I wasn't sure because I haven't spent that much time there but I feel like it's probably missing the fun pubs / things to do Catford has, which are very useful for dating / not feeling lonely!

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StartingAgain33 · 04/06/2021 17:57

Sorry that was meant to be @overwork

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Beeeeeeeeeeeeeep · 04/06/2021 18:01

In your situation I'd definitely go for the smaller more stylish house in a fun area!
I'm buying on my own and have similar moments - a really nice house came on in my budget soon after I'd had surveys on my flat and I had major buyers remorse but couldn't face starting again. If I didn't have a kid I'd definitely be going for a place like yours sounds!

overwork · 04/06/2021 18:17

I was thinking of Beckenham and I'm also about to move near to Catford!
Now I definitely think you're making the right decision! Grin

StartingAgain33 · 04/06/2021 18:22

@overwork yesssss! You may be a random internet stranger but I will totally accept that validation as proof of that right choice.

Thank you all!

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overwork · 04/06/2021 18:27

I wish you all the happiness with your move - congratulations

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