Are you on the lookout for affordable properties in London? With the ever-increasing prices of real estate, finding cheap houses can be a daunting task.
However, there are still some areas in London where you can find a good bargain. Here are some places to look for when searching for cheap houses in London:
1. Barking and Dagenham
Barking and Dagenham is one of the cheapest boroughs in London.
The average house price here is around £300,000 which is significantly lower than the London average of £650,000. The area has excellent transport links to central London via the District Line and Overground trains.
2. Croydon
Croydon is another affordable area to look for when searching for cheap houses in London.
It has undergone a significant transformation over the years with new developments and regeneration projects. Croydon’s average house price is around £350,000 which makes it more affordable than other parts of London.
3. Newham
Newham is located in East London and has an average house price of around £400,000 which makes it an affordable option if you are looking to buy a property in London.
The area has excellent transport links with several tube stations serving the borough.
4. Bexley
Bexley is situated on the outskirts of South East London and has an average house price of around £400,000 which makes it one of the more affordable areas in London.
It offers a great quality of life with its green spaces such as Danson Park and Lesnes Abbey Woods.
5. Havering
Havering is another affordable option when searching for cheap houses in London.
The average house price here is around £400,000 which is significantly lower than the London average. The area has excellent transport links with several tube stations and overground trains serving the borough.
Conclusion
Finding an affordable property in London can be challenging, but it is not impossible. By exploring these areas and working with a reliable estate agent, you can find a good bargain and secure the property of your dreams.
- Barking and Dagenham – affordable borough with easy transport links to central London.
- Croydon – undergoing significant transformation with new developments and regeneration projects.
- Newham – located in East London with great transport links.
- Bexley – situated on the outskirts of South East London and offers a great quality of life.
- Havering – affordable option with excellent transport links.
Happy house hunting!