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If the place is right, it is right. So don't worry about it being the first one you viewed. You've bought before and you know what you want now so wouldn't be too worried about that. Maybe look a bit in the area there, is it really only because of the transport links it's so much cheaper? What about other shops/amenities?
Important one that you haven't brought up is the length of the leasehold, bearing in mind that you need to own a flat for at least 3 years before you can extended it. If the flat has got less than say 85-90 years on it, best to do some research on costs involved there.
So the wife and I bought our one bed freehold house in Camberwell 2 years ago in May, absolutely love the house and the area, but now that we're both full time working from home it's become a bit of a squeeze. As some of you are aware we thought about selling up and heading off to west of Ireland (both Irish) where property is cheap and infrastructure is non existent. The more we looked into it, it just didn't make financial sense (3 years left on our fixed term we'd have to buy out of, salaries lower, tax higher) so we decided to explore outside the m25 in the UK (Banbury to be exact), but my car broke down on the way to a viewing and 5 hours in a layby outside Milton Keynes made me realise I don't want to live outside London unless it's Ireland.
Last night we looked at a 2 bed leasehold flat with twice the floor area as our house, advertised for 30k less than we'd hope to get for ours. What's the catch? The service charge is high (£2,600pa), and its in a transport link dead spot (relative to rest of london), not that it matters too much to us. Anyway we fell in love with it and want to make an offer.
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