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Why is this studio so reasonable? Is it area

127 replies

Thatwaskindoffun · 20/09/2026 13:59

My DC is a first time buyer ideally looking to buy not rent in London, yes I know London is massive and it varies from place to place. I know nothing about buying in London at all and just assumed anywhere would be out of their price range but it seems I might be wrong.

As an example, yes this is a studio but other than that is the area awful or is there something else I’m missing as there seems to be more available in their price range of £200k than I expected

https://www.onthemarket.com/details/19249305/

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DrySherry · 26/09/2026 08:41

SphericalBastard · 25/09/2026 15:20

I agree it can be very difficult. But it's worth considering, and looking at the payments if you change the repayment term it can be surprising how little it changes.

Adding 5 years to the mortgage term increases the overall cost massively.

SphericalBastard · 26/09/2026 11:15

KilkennyCats · 25/09/2026 20:54

The houseboat is much nicer than that.

Annual maintenance on a houseboat is massive. Particularly when combined with mooring fees.

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