Greater London covers 606 square miles and has a population of over 8.7 million residents. And, although London is one of the more expensive cities to find a home, property cash buyers in London can find affordable neighbourhoods that provide excellent schooling and beautiful homes.
Whether you are interested in buying a house in east London or you want to live closer to protected Greenbelt land, there is something for everyone. And, with transport links to Central London from most boroughs and neighbourhoods, finding the perfect home can be much easier than you might think.
Here are the seven of the most affordable places to buy property in London. Once you have read through my list, you must get out there and create your own opinion of a neighborhood!
If you have a family and are ready to look outside of central London while staying in Greater London, Sutton can be an excellent option for you!
With outstanding schools available for children, you can find homes in Sutton for around £370,000.
Barking and Dagenham
You can find fantastic value in this borough. With transport links to Central London and an average home cost of £300,000, it is hard to beat the affordability and accessibility of Barking and Dagenham!
With home prices averaging closer to the costs of a home in Sutton, Greenwich is an extremely attractive borough because it is the home to the Naval College, Royal Park, and many other attractions for visitors.
Lewisham is a substantial neighbourhood that covers a main section of east London. Although the average price of a home is higher than some of the other places on this list (nearing £400,000), this area has a lot to offer a variety of buyers.
With attractive neighbourhoods and popular spaces like Forest Hill and historic Blackheath, it is vital to consider Lewisham.
The average price for a home in Newham is around £370,000 if selling your home quickly . And, although this average home cost has increased, there is still value in keep Newham on the list of places to look.
With transport links, you can access central London easily.
If you are interested in living near protected Greenbelt land while still having easy access to Central London, Havering may be the perfect place to purchase your next property. Home values average around £360,000.
Croydon is another neighbourhood that has homes averaging around £360,000.
But, there is growing popularity around Croydon, so there is a chance that property values will soon be increasing.