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Certainly, I know a few people who've bought houses in Harringay by selling the flat they bought 10-15 years ago in Archway, Highgate, Crouch End or similar. That seems a pretty common route.
If you want to buy a good sized (for London) house in an area where you can get into central London or the City in under 30 minutes but still has a local organic store and coffeeshops then the options are limited if you've "only" got a million.
aggi
princeperch
You reckon real people are actually doing it?
I can't get my head around who has access to £1m either through cash or loan only to spend it on a small terrace in somewhere that's...sorry guys who live there...a bit...neither here nor there? I guess I'm old enough to remember times when £1m was a fuck-tonne of money that really set people apart.