Investing in a home in London

3 mn read

You have been in the United Kingdom for many years, and little by little, with great difficulty, you have earned a decent salary, a small but faithful group of friends, and maybe you even plan to raise a family. This means that the time has come to take the plunge, and start pondering the hypothesis of Investing in a home in London. In general, the real estate market in the City is expensive, but there are areas – perhaps not very central – in full development and still quite cheap that are worth keeping an eye on, especially with a view to a future return of the investment. Here is the ranking of the 10 cheapest areas to buy a new homes in London according to Copperstones Properties

Investing in a home in London or neaby :

The cheapest: Erith, Bexley

The port area of ​​Erith, south of London, is the most convenient of all for setting up a home; a house here costs an average of £ 305,700, and with £ 500,000 you get your hands on a detached house. And we realize that the view is not the best, between purification plants and heavy industries, but there are residential areas there too, such as The Quarry, with schools, playgrounds, and services. In addition, in the future (find out when) the construction of two railway stations is planned in Abbey Wood and Woolwich. Patience, in these cases, can pay off the investment.

Alternatively, west of the Thames and further from the river would be Thamesmead, the second most affordable area at £ 309,400 on average for a home.

Good Price / Quality Ratio: Barking and Dagenham

The boroughs of Barking and Dagenham are among the cheapest areas to buy property; the average price is £ 330,700 for the village of Barking followed by Dagenham at £ 312,000.

You are in Zone 4, east of the city, but there are investments of over 2 billion pounds at stake that will make the area the \”Barcelona of the United Kingdom.” Or at least that’s what politics promises.

10,800 new homes will be built on Barking Riverside, with schools, ecology centers near the Thames. On the Roding River, it will rain more than 350 million pounds to create thousands of luxury apartments in London, an Olympic-class gym, a river-view pub, two public squares, and a town hall.

With £ 350,000 you can buy a house here 15 minutes by train from the Fenchurch Street, District, Hammersmith subways as well as the surface transport to Gospel Oak on the ‘Goblin’ line.

Great for investments: Edmonton, Enfield

Located in the upper part of Tottenham, one of the fastest-changing areas in London, Edmonton is the sixth cheapest area for home purchases and the only one in the north. With an average of £ 342,000 for a property, this lively neighborhood has inherited the benefits of over £ 6 billion in investments made for the Field Day festival.

Thousands of new housing units within the North Circular and close to the River Lee Navigation will soon be built around the new station, which opened in June and will take you to Stratford in 16 minutes and to Liverpool Street in 25 minutes.

Rainham (average price £ 339,000) and Harold Wood (average price £ 347,000), both located south of the borough of Havering, are respectively the fifth and sixth cheapest places in the city, followed by Chadwell Heath, also east of London. in the eighth position with average prices of around 349,600 £.

The list is completed by South Norwood in Croydon (average price of £ 350,470) and finally the district of Feltham in Hounslow (£ 350,800 on average) in the tenth position; the latter is also the only West London area to enter the top 10.

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