Is it hard to buy an apartment in London?

Is is possible to buy an apartment in London for 100K ???

  • Answer:

    Depends what you mean by 'London'. If you are talking about central London, considering a converted broom-cupboard has just sold for £150k (see link below!) I would say no, you can't buy an apartment for £100k in London (unless you want so cockroach infested place that needs a total refurb!)

private at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

You may be able to buy a run down garage for that - but I doubt it! Last year, a garage with no windows, roof and a half broken door sold for £130,000 - it was converted to a small bedsit for use during the week by some nobhead businessman with more money than sense

jamand

No of course you can't! Ashford in Kent is your best bet. You can still pick up an apartment for less than £100K and once the fast train link to London arrives in 2009 it will take you less than 40 minutes to reach central London.

pagreen1966

You wouldn't want to live there. This would be a one roomed (not one bedroom - one room total) in one of the least desirable parts of London, or at least very far out from the centre of London. Look on http://www.rightmove.co.uk/ to browse for flats, and check prices of recent sales on http://www.ourproperty.co.uk/ That's a real tight budget. If you have 100K, US$ or GBP, look at getting a mortgage. With that as a deposit, you'll get favourable mortgage rates and if you only need it for a short period, you shouldn't lose out. Rent is dead money... Buy and invest

MoB uK

You'd be lucky to find an apartment for £100k anywhere in the South East. I'm afraid for that money you are looking at a garage (or possibly a bedsit/studio apartment outside of London). If that is all you can afford then maybe you could consider buying with a friend or partner? Or buying through a housing association 'part buy, part rent' scheme? Good luck honey - it can be tough to get on the property ladder but it's worth it in the end

angelina.rose

you may be lucky, but avg one bed is £180k , same place ten mile out £90k

ufo18

no i doubt it very much

nicolefrenzy

yes it is possible but you will spend alot of time looking, also consider ex-council property as they are slightly cheaper look on these sites and see what you think www.primelocation.com www.rightmove.co.uk and also www.a-r.co.uk this is an auction site their next auction is on the 14th of feb it starts at 11am i hope this helps

mjammy1978

no not at all i paid 260k for mine. you could have a shop around to see if you could see anything

scrummy mummy

YOU MAY GET ONE FOR THAT,BUT IT WILL NEED A LOT OF WORK DOING TO IT,OR IT MAY BE IN A BAD AREA. HAVE YOU THOUGHT ABOUT PART BUY PART RENT,THIS ENABLES YOU TO BUY A MORE SUITABLE PROPERTY,THAT YOU MAY NOT BE ABLE TO AFFORD NOW,YOU BUY HALF NOW AND PAY RENT ON THE OTHER HALF TILL YOU CAN AFFORD TO BUY IT OUTRIGHT.

aunty m

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.