I have done very well out of buying houses on the worst streets in the best areas. Whilst we all understand that buying the worst house on the best street is the ideal formula, many people will not touch a property that is on a main road, in a flight path or too close to a train station. For me, I do not discount any property and I have found that I have been able to buy great properties in blue chip areas for low level entry prices that have done much better than properties I have bought on a good street in the less desirable area. I also find that these properties have much less competition which allows more negotiating leverage even in a tight market. I have also found that rental is not bad either, renters want to live in the best area and tend to be less picky than buyers IMO. Has anybody else used this strategy or ever considered it?