Very good … 
I did have enough cash to afford a small 2-bed in ‘outer-central’ London.
My big mistake was not going for a NINJA on a 2 1/2 bed flat in Tavistock Cresc, 150m from Portobello Road. It included a parking space and later a garage on ‘dead man’s shoes’ basis.
The NINJA would have been about £40k on top of my £130k, easily covered by renting out the small single bedroom … But I’d been so freaked by my time as a ‘victim’ of the scalp hunters of the Ry Bank of Scotland [later to go bust and get bailed out by the UK taxpayer] that I chickened out …
That, however, was by no means the biggest mistake I made on London property - as my friends keep reminding me, 35 years later. 