Area Tips When Buying London Property
Certainly, when compared to much of the rest of the country, purchasing property in London can appear to be an expensive investment. However, it is important to consider that prices for homes in the capital vary significantly between boroughs, with some far more expensive than others.
In addition, while the initial price tag for a London property may be high, the long-term value of the investment is often significant. For these reasons, Buying London property may be a more viable option than initially thought. Thus, for those considering taking the plunge and buying a home in the city, it is important to keep an open mind and explore all options before making a decision.
Anyone who has ever tried to buy a property in London will know that it is not an easy task. Prices are sky-high, and competition is fierce. However, there are a few things that you can do to increase your chances of success.
Best places to buy London property
1. Barking and Dagenham
If you’re looking for an affordable place to buy property in London, Barking and Dagenham is a good option. The average property price in the borough is £336,449, and it’s well-connected by public transport, with the Barking underground station providing access to the Hammersmith, City, and District lines.
The area has a variety of housing options, from Victorian terraced houses to modern developments, so you’re sure to find something that suits your taste and budget. Barking and Dagenham is also home to a number of parks and green spaces, making it a great place to live if you want to escape the hustle and bustle of Central London.
2. Havering.
Havering is a borough in the east of London, and is a popular choice for those looking for an affordable place to live with good transport links. The average property price in Havering is currently £432,803, and the borough is set to see an increase in value when the Crossrail project is completed.
Crossrail is a new railway line that will run from east to west across London, and will stop at Havering station. This will make it easier for residents to commute into the city centre, and is likely to increase the demand for property in the area. Havering is also home to a number of green spaces, including Raphael Park and Bedfords Park, which are perfect for families or those who enjoy spending time outdoors.
3. Bromley and Bexley.
If you’re looking for an affordable place to live in London, you’ve got a few options. Bexley and Bromley are two boroughs that offer reasonable pricing on property. Neither of these areas have an underground station, but they are both well connected by other means of transportation. Other areas of London that are known for being more affordable include Newham, Croydon, Sutton, Enfield, Redbridge, Lewisham, and Greenwich. Keep in mind that affording a property in London is relative – it’s all relative to your income. Nevertheless, if you’re looking for a more affordable option when it comes to property in London, these are some areas you may want to consider.
