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What he said.
I thought I'd live in Finsbury Park, near Essex Road or East somewhere near Bethnal Green. Prices went up.
When we actually started looking we searched further out. Bounds Green and Forest Gate. There was nothing in Bounds Green that we wanted to live in and could afford - maybe some places next to the North Circular but then you're too far from the station. From Jan to mid-May nothing that was actually for sale ever even came up in Forest Gate.
In the end we went for Borehamwood because everything in "London" was too much of a compromise. Our place doesn't quite fit our lives at the moment, but in the future I think it should. And its so nice to have a proper garden, rather than feeling lucky to just have some sort of shit terrace that's always in shade.
A friend has almost £650k (if he uses the help to buy) and he is struggling to find a 2 bed within easy commute of the City/Central.
It seems insane to need £600-750k for a decent 2 bed. But that's where we are.
hugo7-
You can buy a 4 bed house with a huge garden in my road for £650k. 20 minutes by train to Victoria, or 30 mins to Charing Cross. Your friend needs to up his searching game.
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A nice, good sized 2 bed flat in Harringay for £450k-ish and 20 minutes to Moorgate, 30 minutes to central and more organic coffee shops than you can shake a stick at. Cheaper than that if you start looking at the not as nice properties. It's definitely doable for a lot less than £600k
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Seems a bit rich. We're in SE10 so 15 mins from London Bridge and 15 mins from Canary Wharf. Plenty of decent two beds available for a lot less than £750k. Prices start at £400k for a small two bed and go up to £750k for 1250sqft flats with views of Greewich Park or Blackheath.
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Hackney Wick? Or even some of the new Olympic Park stuff? Ours is a 2.5/3 bed house and probably wouldn't hit £600k
andyp
aggi
Stonehedge
Dramatic_Hammer
Seriously how the hell are we meant to work on this? I've saved for years and finally have a £15k deposit and I'm earning £40k + a year, and there is NOTHING in East London-ish that I can afford. How do people do it? I am completely at the end of my tether.