Where in London can I buy a house for £475-500k?

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I'm researching areas to move to next year.
I'm currently in a Victorian terrace house in an expensive part of SE London and am struggling to pay the mortgage.

I have been considering a move out of London, but I do feel quite panicked about it as I've lived here all my life and love it here.
The plan is to buy a house outright, and be mortgage free. I don't want a flat as I may as well have a mortgage, if I'm paying service fees etc.

I'm open to areas, but want to avoid outer London, like Bromley, Bexley etc. I'm open to north and east London.

I'd be up for renovating.

Thank you!

Debden. It's the dodgy side of Loughton, on the central line, cheaper than anywhere else locally.

forest Gate? Can’t you just filter London and your budget on right move and see where come up

Is Abbey Wood still affordable?

im North East London, Walthamstow has a two up two down in Blackhorse Riad at the moment near the tube, but the back is overlooked by flats. There is a house in Coppermill for £500,000 which is a doer upper

we started in Tottenham, then we moved to Enfield nr Turkey Street Station, behind the Crematorium, you can get houses still fir about £400,000 there and the buses are good too.

Waltham Criss is good too.

if you want the tube, then look on the Central Line in my opinion, it works for us!!

If I had £400,000, I would look around Debden near the Broadway for the tube, it wouldn’t be easy, but you still have London buses, the tube,a few shops, parking, the houses are ex council some are prefab - avoid, some are brick built and they are solid. The new building flats up there are going for a fortune, the area is changing. I wish I bought two particular houses up there less than five years ago cos I would have made half a million quid niw.

Goid luck

Close to me (and not that far from you). Obviously amazing transport links from the O2, loads of green space, 10 minute walk from the river.
2 bedrooms

I know someone who recently bought a family home in Norwood (the bit near Selhurst) for under £500k. That area south of Streatham / north of Croydon (Thornton Heath, Norbury, Norwood, etc) is still very affordable with good transport links, I think it's zone 3.

Do you need to commute anywhere in particular? And do you need 3 bedrooms, or is that a “nice to have”? Some options here:

2 bed mews house in Nunhead

Lovely 3 bed terrace in Catford

New post because my link won’t show!

@Londonmummy66 has linked to a house in a good area re Henry Tate Mews in Streatham. W visited a very similar property a few months ago. It's in a gated community in the most amazing grounds. But quite noisy with traffic etc. Definitely cheap for where it is.

Doable in Stratford (very well connected and improving) or Canning Town.

That's a fab find, this is the sort of thing I want to retire to when I don't need much space for children.

I agree that it is an amazing location for the price

If I remember rightly, there are high service charges on the Greenwich Peninsula properties?

The service charge on that house is £266 a month but it includes all the heating 😊

If you want to remain commutable to London, consider South Croydon, Sanderstead, Warlingham, Purley, Kenley, Coulsdon, Caterham and surrounding areas. Lovely edge of green belt, not far from M25, and 25min train to London Bridge, London Blackfriars or London Victoria.

Examples: www.rightmove.co.uk/property-for-sale/find.html?searchLocation=CR2+0AA&useLocationIdentifier=true&locationIdentifier=POSTCODE%5E184951&radius=1.0&minPrice=400000&maxPrice=500000&propertyTypes=detached%2Csemi-detached%2Cterraced&_includeSSTC=on&includeSSTC=true&index=0&sortType=2&channel=BUY&transactionType=BUY&displayLocationIdentifier=undefined#prop165872324

Eltham is zone 4. Sold our 2 bed June 2024 for £390k