Dreaming of a Better Neighborhood but Can't Afford It? Try These More Budget-Friendly Postcodes Nearby
Envisioning yourself living in the tree-lined streets of Crouch End, vibrant Peckham, or along the river in Chiswick, yet finding your finances say differently? You're not the only one facing this challenge.
With property prices sky high in The most desirable locations in London , climbing up the ladder in your ideal postcode can feel impossible.
However, don't lose hope quite yet. Tucked away past those shiny neighborhoods lie up and coming areas That shares much of the same appeal, all for just a fraction of the price. Whether it's crafted goods coffee , independent shops, green spaces or great transport links you’re after, there’s often a more affordable alternative That checks the same boxes.
These neighborhoods provide substantial lifestyle benefits without the high cost. Additionally, due to shared ownership programs, securing a place on the real estate ladder It's more achievable than you may imagine.
So if you’re feeling priced out In your desired neighborhood, it might be wise to consider what's just beyond. Take a glance at these high-value postcodes for worthwhile switches.
If not Walthamstow... consider Tottenham Hale
Eager to begin your home-buying adventure?
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The mortgage services offered by London & County Mortgages (L&C) are authorized and regulated by the Financial Conduct Authority (with registration number: 143002). It’s important to note that the FCA typically doesn’t oversee most Buy to Let mortgages. Keep in mind that failure to maintain timely payments could result in the repossession of your home or investment property.
Once an industrial wasteland, Tottenham Hale lies apart from Walthamstow via the Walthamstow Wetlands, which is the biggest urban nature reserve in the nation.
Like Walthamstow, Tottenham Hale boasts a strong sense of independence and hosts several microbreweries that can rival those found along Blackhorse Road. Additionally, you can reach King’s Cross in just 11 minutes via the Underground, making this area quicker to commute from compared to others.
With shared ownership, you can secure a property at Millstream Tower, N17, starting from £90,625 for a 25% share of £362,500.
These are studio and one-bedroom apartments located in a modern high-rise building just steps away from Tottenham Hale station. Each apartment features underfloor heating, with some also including balconies or terraces. Additionally, there is a shared garden situated on the seventh floor.
Learn more details at Newlon Living .
If not Peckham... consider South Bermondsey instead.
This patch of south-east London Is poised for significant development as revitalization efforts sweep through the area. An additional Overground station is under construction, and Millwall FC’s home ground, The Den, is undergoing redevelopment. Future plans encompass a new sports facility along with a public plaza featuring a community cafe. Additionally, there will be retail outlets and innovative workspaces designed to infuse the locale with an energy reminiscent of Peckham.
The initial project among four Southwark Living developments located in and around the vicinity, Argo House in SE15, is set to launch this year. It features one, two, and three-bedroom apartments complete with spacious balconies. These units are now available for occupancy, and future inhabitants will gain access to rooftop gardens. Pricing starts at £110,000 for a 30% stake in properties valued at £370,000 each.
Learn more details at Southern Housing New Homes
If not Crouch End... then consider Harringay.
Similar to Crouch End, which revolves around The Broadway, Harringay boasts its own bustling high street and several streets also use the same postal code.
The classic Turkish stores, bakeries, cafes, and eateries lining Green Lanes now share space with handcrafted coffee outlets and clubs open until late, offering an array of options for every taste.
It excels in terms of green areas and educational institutions, and offers a broader range of public transportation options.
L&Q offers various studios, one-bedroom, and two-bedroom apartments located at Alexandra Gate N8. These residences are just a 20-minute stroll away from Crouch End Broadway and approximately a 10-minute walk from Alexandra Park.
Each property allows pets, is ready for immediate occupancy, and features a terrace or balcony, starting from £91,250 which represents 25% of £365,000.
Learn more details at L&Q Homes .
If not Chiswick... then perhaps Brentford?
From trendy shops and breakfast destinations to local events and upscale eateries, Chiswick stands out with its wide array of activities. Brentford provides similar offerings but on a slightly smaller scale, plus it boasts proximity to Kew Gardens. The area is also situated along the riverside, making it easy to explore historic pubs like those found on Chiswick High Road and Strand on the Green within walking distance.
Several of the one-, two-, and three-bedroom flats located at Peabody’s KEWB project near the boundary between Brentford and Chiswick in TW8 area will offer vistas toward Kew Gardens. These units are scheduled to become available on the market during the upcoming spring season and are expected to be prepared for residents to occupy by fall. The pricing details have yet to be disclosed.
Learn more details at Peabody New Homes .
If not Stoke Newington... consider Finsbury Park instead.
While Finsbury Park may not match Stokey in the realm of trendy spots, it definitely rivals it when it comes to fostering community spirit and providing ample open spaces.
In this welcoming and varied neighborhood, you'll find an equally charming Victorian-era Green Flag park, along with the Woodberry Wetlands nature reserve. Additionally, the area offers opportunities for sailing, kayaking, and outdoor swimming at the West Reservoir Centre.
The Manor House's Zone 2 station and the nature reserve are within a five-minute stroll from Gadwall Quarter in N4, which comprises a series of one- and two-bedroom apartments as part of the extensive Woodberry Down project. Each residence features its own outdoor area. Prices start at £118,750 for a 25% share of units valued at £475,000 each.
Learn more details at NHG Homes .
If not Canary Wharf... consider North Woolwich instead.
The new constructions aren't as tall, and the amenities are fewer, but certain areas of North Woolwich resemble what Canary Wharf looked like prior to complete development — and you can save approximately £180,000 on an average flat here.
Located at the eastern end of Royal Docks, this waterfront area is well-connected via the DLR and conveniently situated near London City Airport, the recently inaugurated Silvertown Tunnel, and the Woolwich Ferry. Additionally, you can stroll beneath the Thames directly into Greenwich.
Add your name to the mailing list today, and you might become one of the initial residents moving into the upcoming Stories Wharf in E16.
These studio, one, and two-bedroom apartments feature outdoor areas, shared terraces, and river vistas, though their pricing has not been disclosed yet.
Learn more details at Hyde New Homes .
If not Islington... then consider City Road.
Some have suggested that you could dine at different restaurants along Islington’s Upper Street every day for an entire year without repeating a location. Although City Road might not offer as many options, it’s still close enough to explore.
Shoreditch and Hoxton are also within close proximity, making it one of the rare spots in Zone 1 where you can locate a shared ownership property.
At City Angel, located centrally within Berkeley’s 250 City Road project in EC1, only studio apartments remain available. These units feature underfloor heating and private balconies. Onsite luxuries encompass a fitness center, relaxation area, game room, yoga studios, a combined screening and karaoke space, as well as swimming pools and spas. Prices start from £115,000 for a 25% share valued at £460,000.
Learn more details at: Peabody New Homes .
'Joint ownership allowed me to purchase property in Zone 1.'
After spending 15 years renting in West London with inconsistent and occasionally lengthy commutes, Osman Siddiqui is delighted to have discovered his ideal residence at City Angel, located near the boundary of Islington.
In early 2023, Osman, who is 40 years old and works as a digital designer, began working at a location near Liverpool Street. Eager to be nearer to his workplace, he utilized savings accumulated over a decade along with financial assistance from his relatives to make a 30% down payment on a single bedroom apartment. He relocated into this new place in April of the previous year.
His path to becoming a homeowner started when he talked to a friend. He mentions, "The daily commute was really draining me, yet I had never thought about purchasing property in London until then—affording it seemed impossible due to the high costs."
But after hearing my friend describe their experience with shared ownership in Elephant & Castle, I opted to investigate further. At first, I was doubtful. I assumed it would be cramped, but I was mistaken. The space is double the size of where I used to live, and the amenities are outstanding.
The place also caters to Osman’s passion for art. 'Farringdon,'
'a center brimming with creativity, packed with design studios and art galleries,' he explains. 'I enjoy wandering through them during my free moments. Being based here allows for a brief ten-minute journey to work and provides ready access to spots that genuinely ignite my inspiration.'
'In my most extravagant fantasies, I never pictured myself possessing such an extraordinary estate in such an ideal setting, yet here I stand. Learning about shared ownership genuinely transformed my life.'
Interested in shared ownership?
Head to the London Home Show to discover everything related to shared ownership and investigate additional housing purchase alternatives.
You'll have the opportunity to delve into the newest advancements and converse with real estate specialists, lending professionals, and lawyers. Here, you can obtain personalized financial guidance as well as legal counsel and ensure all your queries are addressed.
The event will be held at the Queen Elizabeth II Centre, located in Westminster with the postcode SW1P 3EE, on Saturday, April 26 from 10 AM to 5 PM. Sign up beforehand for a complimentary entry right here. .
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Reach out via email LifestyleTeam@.co.uk .
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