This might not be the right place to ask and i'll try to keep as short as possible.
Live in the UK.
So I currently own a 1 bed flat and I live with my daughter full time, so we share the bedroom, she's getting to the age where she want's her own space.
I have a buyer ready for my flat
I am in the position where I can afford a 2 bed, 220k is my max.
My current flat has a Section 20 Major Works order which I will pay for upon sale
(Unknown ammount but assumed around 20k)
Recently a 3 bed house has come onto the market as a "fixer upper" for 220k.
Downside to this, the area it is can be best described at rough and has a fairly bad reputation, drugs, crime etc.
A 2 bed flat is also for sale at 210k which is really nice but it's on the outskirts of my town, 10-15min drive just to get to town, daughters school, but it's an amazing area.
Downside, my town is effectivly issuing Section 20s for all flats in town, so moving into another flat could mean facing another cost.
Has anyone faced this situation or can advise if a house is better than flat?
So the TlDr;
Buy a house in a rough area but, it's a house and not subject to Section 20s.
Buy a flat in nice area but risk another Section 20.