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Agonising over house vs flat and need to decide ASAP!!!

49 replies

camelotte · 29/06/2022 21:49

We've had an offer accepted on a great house in an area we don't love. We're used to being very close to our town centre (London outer zone), walking everywhere or taking public transport. We don't even have a car. But the house is amazing and a really good price, though we'd need to get a car, maybe change schools and pretty much adopt the suburban lifestyle (which I know lots of people love, but it's never been for us).

BUT now another option has surfaced, very central to where we live, and we'll need to act quickly if we want it. It's slightly cheaper but it's a much smaller flat on the ground and lower ground floor (shared freehold). A nice little garden backing a park, but no light-flooded interior. It's close to everything. We wouldn't need to change schools, activities, gp, etc. We wouldn't need a car. It's not as nice as the house we've offered on or the place we're renting, but the location is perfect and hugely important to us. Ever since our offer on the house was accepted, I've felt a huge sense of loss about leaving where we are. It's the first place that ever felt like home and a place I wanted to stay.

Neither option is perfect and I feel like either way we'll be looking to either upgrade from the flat or move to a house closer to town in a few years. I've moved so much in my life and put off buying because of it and now I'm 47 and just want to settle down and never spend another minute on rightmove. But there are so few affordable options in our area that I can't see any way to get exactly what we want without this purchase being a stepping stone and it's all so stressful.

What would you lovelies do? Go with the big lovely house in a so-so area or the so-so flat in the lovely area?

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parietal · 29/06/2022 21:50

flat in a lovely area.

having good social connections and no car is much more important than a house.

FeebasAquarium · 29/06/2022 21:53

The flat, you really don’t sound as if you want to move and it doesn’t have to be forever if you do have a change of heart.

VioletToes · 29/06/2022 21:53

Personally I'd go for the house. You'll get used to the suburban lifestyle but probably grow out of your flat very quickly.

Phrenologistsfinger · 29/06/2022 21:54

I would only buy Freehold so house. Depends on whether flat comes with share of freehold and how many others involved etc.

camelotte · 29/06/2022 21:56

The flat is shared freehold with the upstairs flat. The two owners recently bought it. The garden would be ours and private.

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hatchyu · 29/06/2022 21:57

How far is the house from the flat?

Mushroo · 29/06/2022 21:58

From your post, it seems you prefer the flat - so go for it!

sometimes it’s hard deviating from the norm (that generally houses are better than flats) but have courage in your conviction and enjoy the flat.

hatchyu · 29/06/2022 21:59

If you think the flat is small now won't you soon grow out of it. How would you feel if you were priced out of the house in the area in the future?

camelotte · 29/06/2022 21:59

The house is about 3 miles away but DS would need to take two buses to get to school. Train/tube are also farther away... closest high street is about a 20 minute walk ... There are a few corner shops and small businesses within walking distance of the house, and a couple of nice parks but really pales in comparison to where we are now.

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ItsSnowJokes · 29/06/2022 22:00

I would go for the house personally. What if a very noisy neighbour moved upstairs it would be hell on earth (trust me I have been there!). Yes you can get the same in a house, but you can mitigate against it a bit easier than a flay. Also a house will rise in value more than a flat would.

Joyfultoes · 29/06/2022 22:00

Flat. You can’t buy a house you have a sinking feeling about. Don’t do it

camelotte · 29/06/2022 22:04

The house is much bigger than we need, so whilst the flat is much smaller in comparison it would still be spacious enough for us.

I love the house, but we can't afford the equvalent where we are, we've been priced out. Our £££ situation might change in a few years and we could then possibly upgrade in the area we want.

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Rayn22 · 29/06/2022 22:06

Go for the flat! Location is so
Much more important than a house!

hatchyu · 29/06/2022 22:06

If you're happy with the flat go with the flat but I think houses will only get more expensive as more buyers will skip the flat stage.

camelotte · 29/06/2022 22:08

Joyfultoes · 29/06/2022 22:00

Flat. You can’t buy a house you have a sinking feeling about. Don’t do it

The problem is I have a bit of a sinking feeling about both options: the house takes us away from where I love living and the flat is a decent option, but it's not perfect and also feels like a huge compromise from where we're renting now (big house in gorgeous neighbourhood).

Part of me thinks we should just pass on both and give it a few more months, but then interest rates, etc could be a bigger issue (mortgage is nearly approved for the house and I don't want to mess the seller around by dragging our decision out).

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Hurstlandshome · 29/06/2022 22:10

Sounds like you've already made your mind up. Location is so important. My issue with the flat would be neighbours, as I've had a horrendous experience. I'm sure you will, but make sure it's been converted properly and you're not going to be subjected to every sneeze. I would also prefer live-in owners above - although that could always change. Good luck.

MaggieFS · 29/06/2022 22:22

Don't buy the house. Places need to feel right and this one clearly doesn't to you.

I'm not sure if you should go for the flat tbh either. I'm not sure... the interest rates situation makes it tricky.

Is there a chance a complete wreck in your preferred area might come up that you could afford and do up?

OneCup · 29/06/2022 22:24

I d say neither.

camelotte · 29/06/2022 22:26

MaggieFS · 29/06/2022 22:22

Don't buy the house. Places need to feel right and this one clearly doesn't to you.

I'm not sure if you should go for the flat tbh either. I'm not sure... the interest rates situation makes it tricky.

Is there a chance a complete wreck in your preferred area might come up that you could afford and do up?

Ha! A complete wreck of a 3 or 4 bedroom house in this area usually goes for more than £1 million and I'm not exaggerating even a tiny bit.

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endofagain · 29/06/2022 22:27

I would never, ever buy a flat again.
Lease issues.
Management company fees.
Management or lack of same.
Block insurance and personal insurance.
Neighbours. Far too many of them and all the problems connected with that.
Noise.
Communal areas...
Communal bins.
Maintenance.
Ground rent.
Maybe you should keep looking.

GettingItOutThere · 29/06/2022 22:29

I am not you but i would go with the house. easier to sell on eventually and its bigger, a flat is horrid if you get shit neighbouts!

HSKAT · 29/06/2022 22:37

I wouldn't go for either.

Your heart isn't in any of them.

Hold out for the right one.

Mossstitch · 29/06/2022 22:43

Agree, would never buy a flat again and mine was share of free hold. Management fees/maintenance issues, as in not enough money in the pot when jobs needed doing, nobody wanting to take care of admin stuff which landed on us eventually after other people kept running up penalties from not having accounts in on time. Issues with tenants when another owner decided to rent their flat out, as in sewage all over our path as they kept blocking drains, parking issues in communal areas. Nobody looking after communal garden despite agreeing to and not wanting to pay a gardener.......i could go on!!!

friskybivalves · 29/06/2022 23:31

Can you reveal which general areas you're talking about? I don't think you've given away anything very outing but I think it would be easier for everyone to say, oh yes, Def worth staying in a flat in Ealing rather than a house in hanwell (or whatever...) Or perhaps: keep renting where you are as it sounds like the best of all worlds!

camelotte · 30/06/2022 05:11

A sleepless night. I feel we really gave in to pressure from the EA to put in our offer quickly and we ended up offering asking price. Maybe we could have shaved £15-20k off the price given our chain-free status, ability to proceed quickly, etc. DH definitely prefers the flat and great location over the house. Kids are split.

Everything feels like a gamble right now.
If we decide against both properties, we're back to the drawing board and who knows how long it will take. Meanwhile, we dish out a lot in rent. Some properties are being reduced around here, so maybe we would be able to afford the thing we want in the next few months. Or maybe it will only be a brief dip and we'll get further priced out. It's becoming the kind of place that people who can't afford Hampstead come to. Lots of money in the area, so despite our fairly good position, we can't compete with that crowd.

The house feels like the safer option of the two and maybe we'd simply adjust to the new area and lifestyle change.

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