What areas of London offer affordable property?

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For many people, the idea of buying property in the capital may seem like an unachievable dream. Thankfully there are some areas of London that are more affordable than others, so if you are hoping to snap up a bargain, here are some of the places you should look first.

Woolwich

In terms of inexpensive housing, Woolwich is currently leading the way, with average property prices sitting at just over £321,000. That means you could snag a flat or even a house for an amount that is only slightly higher than the national average.

Of course if you want to sell your house fast in London, a property in Woolwich will still be sought after, meaning that you will not have to endure a protracted wait to move a few years down the line.

Barking & Dagenham

If you are happy to spend a little more cash and would rather be north of the river than south of it, Barking & Dagenham is an area with a lot to offer.

With a typical property in this borough coming in at a little over the £340,000 mark, you can get a decent sized family home for far less than you might expect.

Croydon

Croydon is an area that is especially popular with young families, and this probably has something to do with the fact that house prices are comparably affordable here. £350,000 will be enough to set you up with a place in this South London borough, and the rental market is also competitive if you are not quite ready to get on the property ladder.

With parks, museums, pubs and excellent retail options all close at hand, Croydon has heaps to offer residents and still manages to retain much of its original charm even as the tendrils of gentrification start to reach certain places.

Hounslow

Sprawling across the western reaches of the capital, Hounslow borders attractions like the Royal Botanic Gardens at Kew on one side and Heathrow Airport on the other. The latter may be a factor in making its house prices so competitive, with an average of around £390,000 to be expected.

Although it has only existed since 1965, Hounslow has a lot of deep-rooted history and is ideal for those who need to commute into the centre of London on a daily basis thanks to its good transport links and easy access to both the M3 and M4 motorways for trips away from the capital.

Havering

Situated right on the peripheries of the capital, with the M25 enclosing its outer edges and the town of Romford forming its most populated hub, Havering is not exactly what most people would describe as central. Of course if you want to find affordable property, this is one of the sacrifices you will have to make.

A house in Havering with between 3 and 4 bedrooms will set you back roughly £420,000. And with plenty of green spaces around, which add value to property, it feels a little less enclosed than some other areas.