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@Hobo
Where abouts are you looking? If your willing to look a bit further out of London (Plaistow/Tottenham/Leyton etc) there are a few nice places around. Obviously the areas won't be a nice as Stoke Newington (I assume you live near me because i see you all the time) but I think for your first home you have to make some sort of sacrifice especially leaving in such a ridiculously expensive city.