Are you looking to buy a house in London but don’t want to break the bank? Well, you’re in luck because we’ve done the research and found the cheapest places to buy a house in London. Whether you’re a first-time buyer or just looking for a new investment opportunity, these areas are worth considering.
Barking and Dagenham
Located in East London, Barking and Dagenham is one of the cheapest places to buy a house in London. The average property price is around £300,000 which is significantly lower than other boroughs. The area has good transport links with access to the District and Hammersmith & City lines.
Croydon
Croydon is located in South London and has seen significant regeneration over the past few years. Despite this, property prices remain relatively affordable with an average price of around £350,000. The area has excellent transport links with access to mainline trains and trams.
Newham
Newham is another East London borough that offers affordable housing options. With an average property price of around £370,000, it’s a great option for those on a budget. The area has good transport links with access to the Jubilee line and DLR.
Lewisham
Lewisham is located in South-East London and offers some of the most affordable housing options in the capital with an average price of around £400,000. The area has good transport links with access to mainline trains and the DLR.
Other Affordable Areas
- Bexley: Located in South-East London with an average property price of around £400,000.
- Havering: Located in East London with an average property price of around £400,000.
- Sutton: Located in South-West London with an average property price of around £450,000.
Conclusion
If you’re looking to buy a house in London and want to save some money, these areas are worth considering. From East London’s Barking and Dagenham to South-East London’s Lewisham, there are plenty of options for those on a budget.
Just remember to do your research and consider factors such as transport links and local amenities before making a decision. Good luck with your house hunt!
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