Now that I've started contracting, the idea of doing an MBA has been put on the backburner. I really want to buy a house in London. I'm in need of some help with which areas to buy, and how much I should spend.
I'm thinking of buying a 2-bed apartment for under £300k, which can be paid off within a few years of having a good rate. That said, if I could find a nice 4-bed (i.e. 3-bed plus office) house for under £450k, I would certainly be going for that instead.
I'm on a £600/day rate, and I have around £80k saved up so far - outgoings of around £1500 per month other than rent.
So, can anyone recommend a nice area to buy either a two bed flat for under £300k, or a 3/4-bed house for under £450k? Must be possible to commute into the square mile in under an hour, and Paddington in under 90 minutes. If you were in my position, how much would you spend on a house?
I'm thinking of buying a 2-bed apartment for under £300k, which can be paid off within a few years of having a good rate. That said, if I could find a nice 4-bed (i.e. 3-bed plus office) house for under £450k, I would certainly be going for that instead.
I'm on a £600/day rate, and I have around £80k saved up so far - outgoings of around £1500 per month other than rent.
So, can anyone recommend a nice area to buy either a two bed flat for under £300k, or a 3/4-bed house for under £450k? Must be possible to commute into the square mile in under an hour, and Paddington in under 90 minutes. If you were in my position, how much would you spend on a house?
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