Where Is the Cheapest Place to Buy a House in London?

By Michael Ferguson

Looking to buy a house in London but worried about the exorbitant prices? You’re not alone.

Despite the high cost of living in London, there are still some areas where you can find affordable homes. In this article, we’ll explore the cheapest places to buy a house in London.

1. Barking and Dagenham

If you’re looking for a budget-friendly area, Barking and Dagenham is worth considering.

This borough is located in East London and has an average property price of £300,000. It’s well-connected with good transport links to central London.

Pros:

  • Average property prices are much lower than other parts of London.
  • It’s well-connected with good transport links.
  • The borough has a lot of green spaces and parks.

Cons:

  • The area has a high crime rate compared to other parts of London.
  • The schools in this borough have lower ratings compared to other parts of London.

2. Havering

Havering is another affordable borough located in East London.

The average property price here is around £350,000. It’s a great option for families as it has good schools and plenty of green spaces.

Pros:

  • The area has good schools with high ratings.
  • Havering has plenty of parks and open spaces.
  • The cost of living is relatively low compared to other parts of London.

Cons:

  • It’s further away from central London with limited transport options.
  • There are fewer job opportunities compared to other parts of London.

3. Croydon

Located in South London, Croydon is a popular choice for those looking for affordable housing.

The average property price here is around £400,000.

Pros:

  • The area has good transport links with easy access to central London.
  • Croydon has a vibrant cultural scene with plenty of restaurants and bars.
  • There are many green spaces and parks in the area.

Cons:

  • The area has a relatively high crime rate compared to other parts of London.

4. Sutton

Sutton is located in South West London and has an average property price of around £450,000.

Pros:

  • The area has good schools with high ratings.
  • Sutton has plenty of parks and open spaces.

In Conclusion..

While the cost of living in London can be high, there are still some areas where you can find affordable homes. Barking and Dagenham, Havering, Croydon, and Sutton are all great options that offer a good quality of life without breaking the bank. However, it’s important to consider the pros and cons of each area before making a decision.

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