Reply to: One bedroom flat in London, Nice Area

[LatteLiberal]

Thanks to all the suggestions, will need to think about it a bit more. Might just travel down for trips now and again and not have to put up with the negatives too much.

[MrMark]

The answer is obviously Acton. With the new Crossrail system due to come into operation, getting to the eastern side of the city will no longer be a problem, and you are already conviently located for west London.
Failing that, Brixton.

[SantaClaus]

Personally i like Angel, think it is much better value than a lot of the other equally central areas. Easy to get to both city and west-end

You're never for than 2 mins away from a council estate in Islington.

Still, if you like noise all night, it could be the place for you. Personally, I couldn't move out quick enough.

[fullyautomatix]

Buy hoping to spend no more than 0.5 million pounds. Wait are you tricking me? I move there then get gang raped every night by some yobs?

Hmm. 0.5 million pounds wont buy you anything in London, maybe a garage at best.

On hindsight. 35.

[SueEllen]

Parking is not needed, I wouldn't have a car. I would like to be able to get to an airport within 30-40 mins though. However I would prefer as central as possible, but not in a tuliphole.

You need to make sure you live near London City Airport then particularly if you don't have a car.

So I think you want to live in East London i.e. Greenwich.

The places were you can get to Gatwick, Heathrow, Stansted and Luton in that time are further out of London. Also due to the transport and traffic in London they take a lot longer than 40 minutes on a bad transport day to get to, which is every other day.

If you live in Hounslow to be near Heathrow you have to put up with the planes taking off and landing over your building.

If you live in Greenwich you will be near the river and the O2 arena plus a lovely Royal Park and have the advantage of living in a Royal Borough rather than a London Borough.

[escapeUK]

It isn't about rate, its about living close to the buzz, to what's happening, it's the centre of the world.

More like centre of the third world.



It might be nice to try for a year though. But for £1000 a day.

[doodab]

Marylebone is nice. You might get a place there for that, I don't know tbh.

Why not rent for a bit until you find an area you like?

[Robinho]

Angel really sounds like the best choice. There's a ton of decent pubs and restaurants and, plenty going on and it's pretty central so you can get elsewhere pretty quickly.

V.nice area too.

[LatteLiberal]

We're always discussing this. Among other questions to ask are:

- Do you want/need handy street parking

(Private garage parking will cost a couple of hundred grand extra in central areas, and for a lot of properties on main roads or central areas even nearby resident's parking is not available.)

- What directions will you mainly want to enter and leave London, e.g. to commute or visit friends or family at weekends? That has a bearing on the hassle factor of travel. For example, you don't want a flat in Ealing if you'll be travelling to Kent each weekend.

Parking is not needed, I wouldn't have a car. I would like to be able to get to an airport within 30-40 mins though. However I would prefer as central as possible, but not in a tuliphole.

[LatteLiberal]

Im curious, what rate would justify living in a one bed room anything that costs half a million?

It isn't about rate, its about living close to the buzz, to what's happening, it's the centre of the world.

[escapeUK]

Im curious, what rate would justify living in a one bed room anything that costs half a million?

[OwlHoot]

We're always discussing this. Among other questions to ask are:

- Do you want/need handy street parking

(Private garage parking will cost a couple of hundred grand extra in central areas, and for a lot of properties on main roads or central areas even nearby resident's parking is not available.)

- What directions will you mainly want to enter and leave London, e.g. to commute or visit friends or family at weekends? That has a bearing on the hassle factor of travel. For example, you don't want a flat in Ealing if you'll be travelling to Kent each weekend.

[Uncle Albert]

It really depends on what you're after. I'm an old codger these days and want a quieter life, but a few years back I'd have loved to live somewhere like this: Three bedroom flat for sale in Gloucester Place, Marylebone, London NW1

You can walk to the West End and to Lords/Regents Park.

[redgiant]

If you get a flat then you cannot have freehold as you all own the building. Best option is freehold with a share of freehold. You own the freehold for a number of years. This can be extended in most cases. Generally hard to get a mortgage with less than 50 years remaining.

Do you need a mortgage?

I am in a share of freehold building. The owners have setup a ltd. company that owns the freehold which I am a shareholder of. I still pay service charge & ground rent however I get more a say on how the building is governed, improvements and don't need to buy a lease extension.

I'd rather have it that way as it can get very complicated when you own the freehold in a building with two or more flats as there will be disagreements on repairs etc.

[BrilloPad]

Confused about this leasehold business, here it's freehold. Looking at right move it doesn't really explain how long you own it for?

If you get a flat then you cannot have freehold as you all own the building. Best option is freehold with a share of freehold. You own the freehold for a number of years. This can be extended in most cases. Generally hard to get a mortgage with less than 50 years remaining.

Do you need a mortgage?