Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask which areas of London are still ‘affordable’ for buying property?

129 replies

Acapulco12 · 24/01/2024 21:23

Looking for some advice on which areas in London are best (ie most affordable) for buying a property.

I’m a first time buyer looking for a house (rather than a flat), but willing to compromise on space for location and condition. I’d prefer to have a smaller house - but which doesn’t need a huge amount of work immediately - in a more central area that’s close to transport links. I’m happy to do work on the house over the years though - just would prefer to move in somewhere that doesn’t need a complete immediate renovation job.

Any advice on areas I could look at please?

I’ve been looking mainly at Streatham and really like that area (nice parks, good amenities and shops, have visited the area a few times and it still seems kind of affordable-ish). I also looked at Ealing and Acton, but I think those are out of my price range. I know this is a tricky question, as lots of variables, but grateful for any advice.

OP posts:
New posts on this thread. Refresh page
Thread gallery
12
Smoalmo · 25/07/2024 15:44

Re Plumstead / Abbey Wood

A slightly bigger budget like the original poster will get something like this

https://www.rightmove.co.uk/properties/150186929

But even a smaller budget (less than £400k) can get a detached Victorian house when they come up https://www.rightmove.co.uk/properties/149491133

Check out this 2 bedroom detached house for sale on Rightmove

2 bedroom detached house for sale in Chestnut Rise, London, SE18 for £379,995. Marketed by Goodwin Ellis Property Services Ltd, London

https://www.rightmove.co.uk/properties/149491133

Ksqordssvimy · 25/07/2024 15:36

Where are your friends? Where do you work? E.g. SE. That'll help narrow it. As there's places all over London, but you need to focus on an area probably

Smoalmo · 25/07/2024 15:11

Plumstead / Abbey Wood / Woolwich - great transport links with the Elizabeth line now and lovely green spaces. Can still get Victorian /Edwardian houses for approx £400k

StreathamLocal2023 · 30/01/2024 19:01

Hi, I moved to streatham about one year ago (FTB) after living in Wandsworth and Clapham and think it’s similar to a lot of areas of London in that it has good areas and bad areas. I don’t think it’s as bad as some are making it out to be (not sure how it could have gone “downhill?”). For reference I live about a 5 minute walk from the Rookery cafe in Streatham Common and this area seems very quiet and feels quite open/less urban. Never had any issues with any neighbours and this part of Streatham generally seems very quiet. The high street isn’t as nice as other places in London and some local favourites have closed down but this is the same situation as many other places in the UK (i work in property/commercial real estate).

That said I miss being able to go walk for a potter about and a coffee as most nice cafes/ shops are located in Balham or Crystal Palace and the trains can be a pain!

Macramepotholder · 30/01/2024 18:40

Beckenham is kind of faux-bougie. Kent wannabe. Crystal Palace and Penge are much better. Good pubs.

Macramepotholder · 30/01/2024 18:38

Penge. The answer is always Penge. Especially for a Victoria commute, it's about 16 - 20 minutes.

OneTC · 30/01/2024 17:16

Walworth btw, not Camberwell, which is alright

OneTC · 30/01/2024 17:16

laclochette · 25/01/2024 20:06

There are areas around Camberwell way that are still surprisingly affordable FOR LONDON. It's all relative of course. Around Walworth for example. It's surprisingly central but because there isn't a Tube (although you're not far from Elephant) I feel like it gets overlooked.

It's fucking horrible

JacJac77 · 29/01/2024 19:28

DoThePropeller · 25/01/2024 18:34

If you aren’t bothered about being in London and just want a decent commute try Coulsdon, 28 mins to London Victoria and 22 mins to London Bridge.

Small but good enough high street, Waitrose, Aldi, excellent sushi place, hipster cafe with expensive sourdough for sale etc. lots of young couples moving in.

Personally I’d buy this and do it up, close to station and Farthing Downs for green space.
https://www.rightmove.co.uk/properties/143198126#/?channel=RES_BUY

or this if you don’t have appetite to renovate, brand new, good location for station, high street and again the downs:

https://www.rightmove.co.uk/properties/143603102#/?channel=RES_NEW

Shhh about Coulsdon please, I'm looking to move there and could do without the competition! 😂

BroadMaude · 29/01/2024 19:03

My sister just bought a gorgeous house in Angel with the same budget as you. It’s small but she loves it.

I don’t know much about that area tbh but she’s really happy there and is a pretty normal/respectable person

she was in Balham before

Melaniais · 29/01/2024 18:59

bunnypenny · 24/01/2024 22:14

Would you think about North London? You’ll easily get a 2 bed house near where I am for less than £600k.

Whereabouts?

AIstolemylunch · 25/01/2024 22:13

Coulsdon! Sorry my autocorrect has gone rogue.

AIstolemylunch · 25/01/2024 22:12

I thought the ice rink in Streatham turned into a Sainsbury's ?

Anyway Streatham is fine if you're used to London living am sinrelaly don't see any issues with Beckenham. Againz as long as you're a 'London person' as OP obv is.

It also depends on stage of life I'd say. If you're thinking of having kids or got kids and want space, I'd move to Couldon or further out just into Surrey as PP said as you get much more for your money, and lots of places that are half hour or so into Victoria. Couldon, Caterham, Sanderstead, places like that.

Eigen · 25/01/2024 22:04

WhatsWrongWithBeckenham · 25/01/2024 19:18

Interesting that someone else has said that Beckenham is going downhill, because I've been in the area 16 years now and think it's still becoming trendier. Several microbreweries between Beckenham and Crystal Palace, independent deli/butchers, independent coffee shops. Right place and you could have a choice of transport links to Victoria or London Bridge/Charing Cross. CP is expensive for property, not sure you're budget would go far but think you could find something in Beckenham.

Lots of parks and green space and easy access to actual Kent countryside. Beckenham Place Park is big and has a swimming lake and paddle boarding.

So I'm quite curious to know what's wrong with Beckenham!

Same, I’m curious too! People in Catford bemoan that we don’t quite have the density/young population for as much bougieness as Beckenham (although with new flats and regeneration I hope that will change), and therefore people go to Beckenham to spend their £££… I’m very curious. Maybe it’s people who don’t like the urbanisation as I imagine it was still quite villagey when you first arrived!

laclochette · 25/01/2024 20:06

There are areas around Camberwell way that are still surprisingly affordable FOR LONDON. It's all relative of course. Around Walworth for example. It's surprisingly central but because there isn't a Tube (although you're not far from Elephant) I feel like it gets overlooked.

fonfusedm · 25/01/2024 20:04

Maybe Raynes Park?

fonfusedm · 25/01/2024 20:04

www.rightmove.co.uk/properties/143174345#/?channel=RES_BUY

Something like this in New Malden

Furrt · 25/01/2024 19:54

Twickenham.

Nice one in Clapham for £620k - near the common.

There are even a couple in Putney.

fonfusedm · 25/01/2024 19:52

I grew up in a different part of SW London and Streatham used to be considered a place you just went to for the ice skating rink (long gone, sadly) and then left asap! But then again, in those days Balham was also a total no-go area!

The ice rink is still there & at back in the day parts of Streatham was posh with the first ever Waitrose & John Lewis.

Balham wasn't particularly dodgy, just didn't really have anything there, except the tube.

I really like Streatham for all the reasons you mention here - it seems very convenient and has everything I need. It’s so interesting that Balham used to be dodgy - now it’s unaffordable! I imagine most of Streatham will go that way soon.

The good parts of Streatham have been expensive for years

fonfusedm · 25/01/2024 19:49

I don't like Streatham Vale personally. What about further out eg New Malden, it's up & coming but may be out of budget

fonfusedm · 25/01/2024 19:47

Streatham has very nice parts eg Balham borders & horrible parts. 650k won't buy you a house in the nice part

Zippedydoodahday · 25/01/2024 19:44

Walthamstow could work. It's on the Victoria line so convenient for your work. Lloyd Park is nice.

letmeeatinpeace · 25/01/2024 19:42

Would you consider a large flat? We're in East Finchley and our flat has the same square footage as a house (it's got a loft conversion), and its own garden. The area is great - v close to central, and v good schools.

I'd go for location over space, though I grew up in Europe were it's more normal to live in flats.

Alchemistress · 25/01/2024 19:36

I don't think there's anything wrong with Beckenham at all. If we hadn't decided to move out of London completely, Beckenham was on our shortlist.

WhatsWrongWithBeckenham · 25/01/2024 19:18

Interesting that someone else has said that Beckenham is going downhill, because I've been in the area 16 years now and think it's still becoming trendier. Several microbreweries between Beckenham and Crystal Palace, independent deli/butchers, independent coffee shops. Right place and you could have a choice of transport links to Victoria or London Bridge/Charing Cross. CP is expensive for property, not sure you're budget would go far but think you could find something in Beckenham.

Lots of parks and green space and easy access to actual Kent countryside. Beckenham Place Park is big and has a swimming lake and paddle boarding.

So I'm quite curious to know what's wrong with Beckenham!