London’s cheapest homes: flats for sale for less than £250,000 in every London borough

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(ES)

The average London home now costs £526,000, but it’s a figure that doesn’t paint a full picture of the market. In every corner of the capital, there are homes asking for less than half that price.

Though these studio flats and one beds tend to be short on square footage, they are often many times cheaper than the mean — we found one property in the City of Westminster with an asking price a sixth of the price of the average home in the borough.

In the interests of parity, we’ve excluded shares of homes and retirement schemes, auction lots and properties with fewer than 80 years left on the lease (any fewer and mortgage providers can be reluctant to lend). We’ve also avoided any properties that are only accepting cash buyers — everything is available to anyone able to secure the requisite mortgage.

Here is our list of the cheapest properties for sale in every London borough, all below the new stamp duty threshold too.

Barking and Dagenham

Average price: £376,815

 (A one-bedroom flat in Harts Lane)
(A one-bedroom flat in Harts Lane)

This one-bedroom fifth floor flat is a ten minute walk to both Barking Park and the well-connected interchange station. For £175,000.

Through British Home Sellers, 01727 861580

Barnet

Average price: £721,405

A studio flat near New Barnet station (Purple Bricks)
A studio flat near New Barnet station (Purple Bricks)

Located on the top floor of a quiet modern block, this studio flat is offered chain free at £176,000. Nearby New Barnet station connects to King’s Cross and Moorgate.

Through Purple Bricks, 0800 810 8008

Bexley

Average price: £482,961

Wyatt Road offers quick access to the M25 (Pro Estates)
Wyatt Road offers quick access to the M25 (Pro Estates)

This studio flat, which has a separate kitchen, is situated on the south-eastern fringes of the capital with quick access to the M25. For £140,000.

Through Pro Estates, 01474 333777

Brent

Average price: £644,562

A one-bedroom flat in Wembley (Smith Melzack)
A one-bedroom flat in Wembley (Smith Melzack)

Well located for the Jubilee and Metropolitan lines at Wembley Park station, this one bedroom flat has access to communal gardens. For £200,000.

Through Smith Melzack, 020 8908 4633

Bromley

Average price: £635,996

A top floor apartment in a period conversion in Penge (Foxtons)
A top floor apartment in a period conversion in Penge (Foxtons)

This studio flat, which is listed at £155,000, is at the top of an attractive period home in Penge. A large Sainsbury’s is moments away.

Through Foxtons, 020 8772 8080

Camden

Average price: £1,035,991

Russell Court is a 1930s mansion block in Bloomsbury (Frank Harris & Co)
Russell Court is a 1930s mansion block in Bloomsbury (Frank Harris & Co)

While the average asking price in the borough of Camden tops £1 million, this renovation project in a smart 1930s mansion block in Bloomsbury is listed for £249,000.

Through Frank Harris & Co, 020 7405 4444

Croydon

Average price: £494,277

A studio apartment in Melfort Road, Thornton Heath (Haart)
A studio apartment in Melfort Road, Thornton Heath (Haart)

This studio apartment occupies the top floor of a period property near Thornton Heath station, which has direct links into London Bridge and Victoria. For £150,000.

Through Haart, 0345 899 9999

Ealing

Average price: £610,461

This bright studio is on Greenford Road (Foxtons)
This bright studio is on Greenford Road (Foxtons)

On the market for £139,950, this studio flat has a separate kitchen and quick access to the open green spaces of Horsenden Hill.

Through Foxtons, 020 3841 4300

Enfield

Average price: £509,076

A studio apartment in Swaythling Close (Bairstow Eves)
A studio apartment in Swaythling Close (Bairstow Eves)

Offered chain-free, this studio apartment in Edmonton is close to the Meridian Water regeneration project and the River Lea. For £170,000.

Through Bairstow Eves, 020 3369 4265

Royal Borough of Greenwich

Average price: £502,996

This studio flat is on Plumstead High Street (Hunters)
This studio flat is on Plumstead High Street (Hunters)

This studio flat is situated directly on Plumstead High Street, within a modern block of eight apartments. It’s chain-free at £140,000.

Through Hunters, 020 8311 1000

Hackney

Average price: £712,383

A Hackney Road studio moments from the Shoreditch triangle (Sell my Home)
A Hackney Road studio moments from the Shoreditch triangle (Sell my Home)

Well-placed for the best of Hackney, this larger-than-usual studio on buzzy Hackney Road is listed at £220,000. The Shoreditch triangle is two minutes away.

Through Sell My Home, 020 3875 7000

Hammersmith and Fulham

Average price: £987,175

This studio is at the top of an attractive period home (Dexters)
This studio is at the top of an attractive period home (Dexters)

Five minutes from Westfield, this bijou flat occupies the top floor of a Victorian conversion in Shepherd’s Bush. At £225,000, it’s less than a quarter of the average price in the borough.

Through Dexters, 020 8740 2900

Haringey

Average price: £669,378

A bright studio on Allison Road, in Haringey (Philip Alexander)
A bright studio on Allison Road, in Haringey (Philip Alexander)

This bright studio flat is on the Harringay ladder, moments from the bars and restaurants of Green Lanes. It’s listed at £175,000, without a chain.

Through Philip Alexander, 020 3889 1414

Harrow

Average price: £631,546

This ground floor studio comes with off-road parking (Brian Cox)
This ground floor studio comes with off-road parking (Brian Cox)

Located on a leafy residential road, this well-planned ground floor studio has a separate kitchen, off-street parking and a handy storage area. For £200,000.

Through Brian Cox, 0208 912 0006

Havering

Average price: £483,814

This modern block is on a quiet no-through road (Readings)
This modern block is on a quiet no-through road (Readings)

This studio apartment with parking and no onward chain is situated on a quiet no-through road. The District line at Hornchurch Station is five minutes away. For £170,000.

Through Readings, 01708 437766

Hillingdon

Average price: £553,773

This studio flat is a stone’s throw from Heathrow (Hunters)
This studio flat is a stone’s throw from Heathrow (Hunters)

This studio flat has a separate kitchen and residents parking, plus quick access to the M25, M4 and Heathrow Airport. For £140,000.

Through Hunters, 020 8848 0978

Hounslow

Average price: £608,003

A studio apartment with a small patio (The Frost Partnership)
A studio apartment with a small patio (The Frost Partnership)

Close to Bedfont Lakes Country park, this studio apartment has French doors that lead out to a small patio. It’s chain-free at £149,950.

Through The Frost Partnership, 020 8890 4225

Islington

Average price: £800,979

This studio occupies the top floor of a smart Victorian home in Archway (Kinleigh Folkard & Hayward)
This studio occupies the top floor of a smart Victorian home in Archway (Kinleigh Folkard & Hayward)

On the first floor of a Victorian conversion, this studio flat is within five minutes of the Northern line at Archway station and the overground at Upper Holloway. For £220,000.

Through Kinleigh Folkard & Hayward, 020 8131 4280

Kensington & Chelsea

Average price: £1,656,836

Kensington and Chelsea is London’s most expensive borough (Strike)
Kensington and Chelsea is London’s most expensive borough (Strike)

In London’s most expensive borough, this studio in a low-rise block is on sale for £240,000. The balcony has a green outlook onto communal gardens.

Through Strike, 0333 103 8390

Kingston upon Thames

Average price: £691,194

In Arcade Parade, this one-bedroom apartment has hardwood floors (Compass)
In Arcade Parade, this one-bedroom apartment has hardwood floors (Compass)

This one-bedroom apartment, on sale for £205,000, has hardwood floors in the living room and bedroom. It’s close to Chessington North station for trains into Waterloo.

Through Compass, 020 3879 5785

Lambeth

Average price: £674,791

This studio apartment is within a gated development (Barnard Marcus)
This studio apartment is within a gated development (Barnard Marcus)

Within a gated development in Streatham is this studio apartment with its own entrance. On sale for £180,000, it’s within walking distance of Streatham Hill station.

Through Barnard Marcus, 020 8769 9393

Lewisham

Average price: £523,643

This one-bedroom flat is in the heart of Catford (Foxtons)
This one-bedroom flat is in the heart of Catford (Foxtons)

In up-and-coming Catford, this one bedroom apartment has off-street parking and easy access to both local stations. For £200,000.

Through Foxtons, 020 8432 7200

Merton

Average price: £739,582

This low-rise block is in quiet Illingworth Close (Stirling Ackroyd)
This low-rise block is in quiet Illingworth Close (Stirling Ackroyd)

In a quiet cul-de-sac on the edge of Morden Hall Park, his one-bedroom apartment has a walk-in storage space and access to a communal garden. For £200,000.

Through Stirling Ackroyd, 020 3911 1678

Newham

Average price: £468,865

A first floor studio in Romford Road (First Contact)
A first floor studio in Romford Road (First Contact)

The cheapest property for sale across all boroughs, this studio flat for sale for £125,000 is close to the Elizabeth Line at Manor Park station.

Through First Contact, 020 8911 8787

Redbridge

Average price: £524,465

This studio flat comes with an underground parking space and lock up storage (Bairstow Eves)
This studio flat comes with an underground parking space and lock up storage (Bairstow Eves)

This seventh floor studio apartment comes with an underground parking space and storage lock-up, plus access to landscaped communal gardens. For £175,000.

Through Bairstow Eves, 020 3369 4259

Richmond upon Thames

Average price: £909,579

A studio apartment in Upper Richmond Road West (Stuart Mackenzie)
A studio apartment in Upper Richmond Road West (Stuart Mackenzie)

Located on the main road in village-like East Sheen, this top floor studio has a wealth of storage space in the eaves. For £229,950.

Through Stuart Mackenzie, 020 8876 4445

Southwark

Average price: £652,256

A one-bedroom flat in Redcar Street, Camberwell (Express Estate Agency)
A one-bedroom flat in Redcar Street, Camberwell (Express Estate Agency)

This fifth floor one-bedroom flat is close to the heart of Camberwell, and within walking distance of Burgess Park and Kennington Park. For £190,000.

Through Express Estate Agency, 0333 016 5458

Sutton

Average price: £545,223

This Turnpike Lane studio has its own garage (Haart)
This Turnpike Lane studio has its own garage (Haart)

This studio apartment, on sale for £150,000, comes with its own garage. It’s a short walk from well-connected Sutton station and pretty Manor Park.

Through Haart, 020 4512 8375

Tower Hamlets

Average price: £594,076

A studio apartment in Newby Place (Express Estate Agency)
A studio apartment in Newby Place (Express Estate Agency)

Within walking distance of four stations, including Canary Wharf for the Jubilee line, this studio flat has a separate kitchen and access to communal gardens. For £225,000.

Through Express Estate Agency, 0333 016 5458

Waltham Forest

Average price: £561,227

In Walthamstow village, this studio flat is chain-free (Estates EAST)
In Walthamstow village, this studio flat is chain-free (Estates EAST)

This bright studio flat in the heart of Walthamstow village has been listed for sale for £140,000. Offered chain-free, it’s well located for the shops and restaurants of Lea Bridge Road.

Through Estates East, 020 8520 9300

Wandsworth

Average price: £845,862

This studio on Mitcham Lane is close to Streatham Common station (Barnard Marcus)
This studio on Mitcham Lane is close to Streatham Common station (Barnard Marcus)

This studio apartment is located above a stretch of shops on Mitcham Lane, with quick access to Streatham Common station and Tooting Commons for the lido. For £175,000.

Through Barnard Marcus, 020 8769 9393

City of Westminster

Average price: £1,466,768

A well-maintained studio in Ashmore Road (Strike)
A well-maintained studio in Ashmore Road (Strike)

In the capital’s second most expensive borough, this recently refurbished studio flat is on sale for £215,000. Queen’s Park station is five minutes away.

Through Strike, 0333 103 8390