I've been renting a flat in London for 3 years and now want to get on the property ladder. I'm looking on a budget of 150k and concerned about whether a house of flat would suit it best.
Now I live in zone 3 and commute to zone 1 to work. Having that budget size, I'm prepared to move further to find somewhere liveable with that budget. However I don't know whether I should spend it on a house further away (zone 6) or flat in renovation areas. As for a house, how could I be sure of the quality which could go down and cost me maintenance and repairs year after year? If I go for a flat, is renovation area good investment, i.e. prices could go up better than houses in remote districts?
Thanks a lot for your advice.