Should one buy a 100,000 flat in central London?

I'm looking for a flat / house at the price of about 150,000 - 170,000拢. With this money, I expect to live far from central London.

But I was surprised to find one can still buy a flat at 100,000拢 in London (SE6, SE7 is an example) . Do you think those flats are a good investment, which means the price will rise in the near future?

Or the fact that these flats are relatively cheap while the market is hot means that people are avoiding these areas ?

Many thanks for your advice.

On second thought, perhaps the phrase 'central london' is not really accurate. But searching at property websites, I can find those 100,000 flats at areas with postcode like SE6, W15, SE18. Perhaps these areas are not central, but they are still nearby. That's what makes me wonder.

Check it out first...they may have a very short lease...拢100k for a flat near central london seems a little cheap to me!!

i havent seen these flats..

I wouldn't expect to find a flat anywhere in London for 100,000 pounds. If there are some for sale at that price they must be very small, in very poor condition or in very bad areas.

Check out the area physically...I think when doing that you will see for yourself the situation. Good location properties are usually more expensive.

拢100k for a central London flat, I think you must have misread sweetie!?

You can not buy a flat in any city centre for less than 拢90 least of London.

Check again and if it is really 拢100k, question why, are they due to be demolished, do they house immigrants....... all that glitters is not gold!! Be careful.

personally i would not.better is to invest in a larger property a little further out of London

SE6 and SE7 are not especially nice areas to live. However they are a good place to commute from and are all relatively cheap at the moment. The prices in this area will go up and if the flat is not in a block of council flats or in the middle of an old large estate you can expect the price to jump in the next few years. I would not suggest living there though it would be advisable to rent it out.

I would buy it for sure. Property prices in Central London are constantly rising and the area, in which prices for property is increasing, is constantly widening. It would be a great investment!

no way o' zay.

Spend at least a whole day in the area to see what the populous is like, if there is burnt out cars, graffiti and used hypodermics, my advice would be not to move to the area

Hi there,

I live in Northern London at the moment as a student. I dont really know but as the time of the Olympic Games comes prices will be on the rise constantly.
Nonetheless, take a look at the flat and the surroundings before purchasing.
As for the investment value you may lend it for 2000 pounds a year if you dont intend to live in it.
Make sure that you dont buy some rubbish at first, have a look at it.
If I were you I would not rely on a bunch of photographs.
Take care

Attila from Hungary

I watched a programme which stated the areas are up & coming so if you have the money invest however do research on the areas.