Top 10 Cheap Areas To Buy in London

Top 10 Cheap Areas To Buy in London

Ever thought to yourself: “Where can I actually afford to buy in London?”

Introducing: District 34’s Top 10 Cheap Areas To Buy in London

A common question amongst first time buyers looking for property in London is: ‘Can I ever afford to buy in this city?!’ Well, we’re here to bring you good news. There are definitely cheap areas to buy in London. You just need to know where to look. And it does not need to be in the middle of nowhere. 

And that’s why we created our very own “Gemfinder”. It’s a custom built data tool designed to show anyone genuinely affordable areas of London – that you may not have even considered – based on your individual requirements. Interested in taking a peak? Read on to the end to book a free consultation with our chief data scientist. 

When considering the most affordable areas to buy in London, it shouldn’t just be about property price. It’s also about what makes an area worth truly living in. We asked this question to over 400 respondents in our recent market research and so:

Here’s the criteria we used to crunch the numbers: 

  • Genuinely affordable: below £250,000*

  • Commutable: very good transport links with London

  • Journey from station: within a 10-minute walk to/from the station

  • Safety: a good crime level score of 4.5 and below 

  • Good local amenities in the area, such as:

    • Public parks

    • Pubs, bars, cafes, restaurants

    • Supermarkets

Introducing: District 34’s Top 10 Cheap Areas To Buy in London

Top 10 affordable areas to buy in London list

Coming in at #1 for safety:

Sutton & Shanklin

  • Crime level score: 8 out of 10 (London average 4.5)

  • Median flat price: £240,000

  • Public Transport Accessibility Score: 6 out of 6

  • Nearest station: Sutton (Zone 5)

  • Within 1-mile radius:

    • 4 public parks and gardens 

    • 7 schools for ages 0 to 5 

    • 15 pubs and bars

  • Centre postcode: SM2 5DD

You can search for properties in Sutton and Shanklin here

Sutton and Shanklin

Coming in at #1 for socialising:

Addiscombe West

  • 28 pubs and bars in 1-mile radius, including BoxPark Croydon

  • Median flat price: £216,110

  • Public Transport Accessibility Score: 6 out of 6

  • Nearest station: East Croydon (Zone 5)

  • Crime level score: 4 out of 10 (London average 4.5)

  • Within 1-mile radius:

    • 28 pubs and bars

    • 18 schools for ages 0 to 5

  • Centre postcode: CR0 6DA

You can search for properties in Addiscombe West here

Addiscombe West

Finally, coming in at #1 for green space:

Haslebury South

  • 15 public parks and gardens within 1-mile radius

  • Median flat price: £215,000

  • Public Transport Accessibility Score: 4 out of 6

  • Nearest station: Edmonton Green (Zone 4)

  • Crime level score: 4 out of 10 (London average 4.5)

  • Within 1-mile radius:

    • 14 schools for ages 0 to 5 

    • 7 pubs and bars

  • Centre postcode: N9 9NS

You can search for properties in Haslebury South here

Haslebury South

So there you have it: our top 10 cheap areas to buy in London, along with highlights based on specific requirements like green space and socialising. 

Here are three things you can do next

1. Set up property alerts for areas of interest. Using Zoopla as an example: once you’ve searched for a particular area and you have your listings, you can use these options:

Property Alerts

2. Start exploring these areas at different times of the day. This helps you to get a feel for the area’s ‘vibe’ at different times of the day and to ensure you feel safe in the area after dark. 

3. Find your own London “gems" If you’d like to understand your own circumstances and areas of affordability better, book a 15-minute call with John, our CEO, co-founder and chief data scientist. Join the Community to get a link to his calendar.

Finally: one thing you can do to stay informed on the home buying journey

Make sure you subscribe to our free newsletter. It's filled with useful news and tips for London renters just like you.

*A note on affordability:

£250,000 is a realistic price you should be looking at, as a first-time buyer. Remember: your first home should you not be your ‘dream home’ or your ‘forever home’. Consider it more as a starter home to get on the property ladder and start building equity.

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