Five locations for under £400,000
Barking and Dagenham offers fantastic value for money
This zone 4 location is still the best value in London. With an average price of just over £300,000 for a home it is a lot cheaper than all other locations. The area is undergoing massive regeneration which will keep it current and be beneficial for the community at large. It is increasingly attractive to first time buyers and offers good property prices alongside timely commutes into the city.
Property Prices in Bexley, Newham and Croydon
These three areas have an average price ranging from £341,000 to £365,000. Still good value for money and popular with first-timers. Crossrail will soon bring Bexley into contact with central London and regeneration in Newham looks set to keep it firmly in the minds of purchasers.
Greenwich offers great value in south-east London property
While it’s average comes in at £411,000, the south-east London borough of Greenwich still has properties for sale at what might be considered a steal for some.
Redevelopment in Greenwich aims to attract more residents. The area has some massive developments within it’s confines including 5000 new homes. As well as its proximity to Canary Wharf, there are fantastic shops, restaurants and bars here and the community is alive and thriving. It is definitely worth a look even if it is stretching the budget a little.
Planning to buy east London property in 2019?
If you have any interest in the areas mentioned above, please give one of our team a call. We have some great properties on our books and may just have the perfect one for you.