London showcases some of the most expensive houses and prestigious residences for sale in the UK, yet you will also find that some areas in Central and Greater London have much lower priced houses for sale.
Generally, largely dependent on the location of London which you are searching, you should expect to be spending anywhere between £70,000 and £25,000,000+.
As mentioned above, prices of property for sale in London will vary depending on their locality within the city. See below for information on various areas of London.
In general, property for sale in Central London have the highest selling prices. Areas such as Camden, Chelsea, Kensington, Knightsbridge and Notting Hill will set you back well over £2,000,000 even for a small flat.
East London is viewed by many as the “rough” part of the city, which to some extent is true – A YouGov poll found residents of London believe East London is the poorer area of the city. The area of East London has also not received as much business or regeneration investment compared to other areas of London.
However, this should not put you off of moving there – there are numerous ongoing regeneration projects and property development works in East London.
Since the East of London is a poorer area, you will find that property for sale in East London is much lower priced compared to the Center and West. You should expect to pay anywhere between £55,000 and £1.5m for a flat or house.
The West of London is a posh area, with numerous Theatres, high quality restaurants and designer shops.
Property for sale in West London; in the boroughs of Brent, Ealing, Harrow, Richmond upon Thames and Hounslow are slightly cheaper than that of Central London, with prices generally decreasing the further you are from the center.
You should expect to spend anywhere between £75,000 and £3.5m+ for an apartment or studio in West London.
Property for sale in the South of London have similar prices to that of Central London in areas close to the River Thames, however as you move further South from the city center, prices will decrease.
South London boroughs include Bromley, Croydon, Kingston and Sutton, among others.
You should expect houses for sale in these Southern boroughs of London to cost around £6m+ for South-central locations and from around £380,000 in areas such as Sutton.
Similar to Southern London, prices of property for sale in North London, in the central boroughs are the most expensive in the area, with prices generally decreasing through to the boroughs further North, such as Barnet.
Expect flats for sale in North London to cost anywhere between £80,000 and £3m+.
If you are on a tight budget but are still intending to live in London, searching properties for sale in Greater London may be the best route for you, or it may simply be a preference of yours not to live in the busy center.
Overall, prices outside of Central London are much lower than in the Central London boroughs. You should however consider how far the closest transport links into the City Center are from your next potential purchase – if you work in the Center that is.
Greater London consists of 5 counties – Berkshire, Buckinghamshire, Hertfordshire, Kent and Surrey. You should expect to pay anywhere between £40,000 and £2.5m for a flat in Greater London.
While London is not largely known for having cheap property for sale, there is the possibility that you may find an extremely low priced house, although it is fairly likely it will be a run-down residence requiring costly renovations.
If you are looking for a cheap property for sale in London for under £200k, there are around 2000 +/-250 currently on the market, there are even some properties under £200,000 in the center of London.
Find new-build property in London for sale. New, modern, eco-friendly houses and apartments for sale in London City entre here at EMC2Property.
There are numerous developments in London which are newly completed or due for completion in the near future.
One key development to check out is Royal Wharf, which is being completed by Ballymore. This development compromises of numerous buildings, consisting of 3,300 units of apartments, duplexes and townhouses.