Buying a property is likely to be one of the biggest and most important investments of your life, and it’s vital to do some research into the area you will choose to settle in.
If the capital city of London is where you wish to establish yourself, you will be moving to a constantly evolving city, brimming with large-scale investment. With so much choice, people often wonder where is the best place to buy a house in London.
Where to buy a house in London, UK
To help you with your selection, we have selected ten of the most promising areas of London property investment, to cater for a diverse range of budgets and requirements:
Average House Price: £267,338
One of the UK’s fastest-growing residential property markets, Luton is a modern area with beautiful countryside.
As well as being a wonderful place to live, Luton is a London commuter belt town, Luton offers first-class infrastructure, with great high-speed travel into Central London, as well as easy access motorways and Luton airport. It is also one of the cheapest options.
Average House Price: £626,095
Hackney is a well-connected, digital hub which shows no signs of slowing down. With transport links and a trendy vibe, it’s a hot spot for families and city workers alike.
Average House Price: £796,466
Wandsworth is one of the safest and liveliest areas in inner London. A popular area for young professionals working in London thanks to its low council tax rates.
It is ideally situated for getting into and around the centre of London, and with great public transport links into the capital, commuting to the city couldn’t be easier.
Average House Price: £728,649
In an enviable zone 1 location for crossrail, Whitechapel contains plenty of charming Georgian terraces, alongside plush new-builds, giving Whitechapel a perfect historic yet modern edge.
Average House Price: £396,831
Southall offers a unique and vibrant culture. The area is benefiting from major regeneration plans, including improved transport links (Crossrail), retail, streets, public spaces and schools. Over time, this will increase the market value of the area, increasing the price of properties for sale.
Average House Price: £873,559
A central location that comes with plenty of open space to “get away from it all”. It has excellent upsizing potential. Though house prices are high, this is a good choice for those who are looking to start a family in central London.
Average House Price: £459,950
The Royal Docks is already home to London’s Enterprise Zone, and has excellent transport links. Currently undergoing the development of two residential towers, it’s destined to become the capital’s next business district. The current regeneration is set to create thousands of jobs and houses, as well as delivering high rental yields.
Average House Price: £662,071
A more affordable alternative to nearby locations such as Hampstead, the South Kilburn estate is currently undergoing regeneration to elevate it to the levels of its neighbours through modern, stylish property.
Accessibility is a major draw in for Kilburn, with its close proximity to the city. It is a short tube journey from West End and within walking distance to the popular Regent’s Park.
Average House Price: £819,393
Vauxhall is a popular residential area for Members of Parliament and civil servants due to its proximity to the Houses of Parliament and Whitehall. With its central location and comparatively cheap rent compared to the other side of the river, it has been an attractive location for many businesses over the years. Recently, Vauxhall’s riverside has undergone major redevelopment, with the construction of several modern housing blocks.
Average House Price: £1,029,723
This is a seven-figure threshold, as it straddles both sides of the Thames and is home to world-famous attractions. With beautiful, classic properties, Richmond is one of the most scenic spots and affluent suburbs in London.
When considering the best place to buy a house in London, you should bear in mind several factors (such as price, location, amenities).
Property in the London market moves fast, often selling as quickly as they were listed. So you need to determine what your requirements are, and then be quick to book your viewings or you may find that the house you had your sights set on is already gone.
Some things to consider when you are on the hunt for the best place to buy a house in London:
- A young professional might need to ask themselves what distance they are prepared to commute.
- Perhaps a buyer who wishes to let out a property will need to calculate the rental yield to determine if the area will prove fruitful.
- Or if a couple is planning to begin a family, they might consider open spaces, schooling, and the safety of the neighbourhood.
Whether it’s your first time buying a property or you are simply making the move to London, don’t forget to take a long-term view of buying a property. Whether that be in terms of property size or the areas you are currently house-hunting.
Should you be looking for a place in the city with a country vibe, or a hotspot area with plenty of culture, there is no shortage of fantastic places to invest in London property.