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10 Best Areas in London for Good Value Homes

Posted by admin on April 27, 2021
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Discover where you can get a property with the best value for money

If you’ve been looking for an affordable neighbourhood in London and having a hard time finding one, all is not lost. There are still some affordable hidden gems out. As well as some very convenient and up-and-coming locations.

There are many elements that give good value to a home. Of all of them, location, accessibility, size, and access to great schools are some of the most important. So, let’s find out together what our estate agents say are the 10 best areas in London for good value homes.

1. Canning Town

Canning Town Remax

Economy

Major regeneration programs targeting the transformation of Canning Town’s economy and community are estimated at a whopping £3.7 billion. Plans are in place and underway for the delivery of a total of 10,000 new homes and two new town centres, one of which is Hallsville Quarter, opposite of Canning Town station.

Location

Location is one of Canning Town’s major advantages. It is part of the Newham Borough of London, in Zone 2, in close proximity to Canary Wharf.

Public transport is very convenient in the area. There is a Canning Town DLR station and an Underground Jubilee Line station, as well as a future Crossrail station at Custom House.

Housing Stock and Average Property Prices

The older housing stock of Canning Town is rapidly being replaced with high-end, contemporary buildings. These new builds come complete with amenities such as gyms, swimming pools, or concierge services.

Vermilion tower and Hallsville Quarter are the most popular new residential developments in Canning Town.

Property rental prices in Canning Town start at £1,500 per month and sale prices start at £200,000 for a one-bedroom flat.

Schools

The most reputable education facilities in Canning Town are:

  • Mayflower Primary School
  • Sir William Burrough Primary School
  • St Stephen’s Primary School
  • St Paul’s Way Trust Secondary School
  • The Brampton Manor School
  • The London Academy of Excellence
  • The University of East London’s Stratford Campus

2. Barking

Remax Barking London

Economy

The regeneration company owned by Barking and Dagenham Council has plans to build a total of 50,000 new homes in Barking and create an astounding 20,000 new jobs over the course of the next 20 years. Major plans are already underway and include modern and affordable housing, investments in the economy and in building new schools, and improvingcultural facilities, parks, and transport.

Location

Barking is the administrative centre of the East London Borough of Barking and Dagenham and is located 9.3 miles from Charing Cross. Barking has two Overground stations in Barking and Woodgrange Park, a C2C rail station, and an Underground Hammersmith & City Line station in Barking and a District Line station in Upney. There are also plans for an extension of the Overground Gospel Oak to Barking Line.

Housing Stock and Average Property Prices

The largest regeneration projects in Barking are currently being developed in the town’s centre and riverside area. Barking Riverside, built on the land of the former Barking Power Station is one of the most notable ones. This ambitious mixed-use project will deliver a total of 10,800 new homes. Property rental prices in Barking start at £291 per week and sale prices start at £185,000 for a one-bedroom flat.

Schools

The most reputable schools in Barking are:
  • Monteagle Primary School
  • Rush Green Primary School
  • Manor Infants’ School/Manor Longbridge
  • St Paul’s Way Trust Secondary School
  • The Sydney Russell School
  • Riverside School
  • Mayfield School
  • All Saints Catholic
  • School and Technology College

3. Dagenham

Economy

Once marked by the presence of the Ford industrial plant, Dagenham is not beginning to make a name for itself as a regenerated neighbourhood with a thriving economic development. With its own science and technology park, Dagenham is attractingmore and more tech start-ups and reviving its property market with new builds and modern amenities.In addition, the southern part of Dagenham is part of the London Riverside section of the Thames Gateway redevelopment area.

Location

Dagenham is located in East London and is part of the Barking and Dagenham Borough. It’s a very accessible suburban town, only 11.5 miles from Charing Cross. Dagenham has three Underground District Line stations in Becontree, Dagenham East,and Dagenham Heathway, access to the C2Crail in Dagenham Dock station and to the TFL in Chadwell Heath station. Dagenham also has a planned extension of the DLRfrom Gallions Reach to Dagenham Dock.

Housing Stock and Average Property Prices

The housing stock in Dagenham is made up of affordable, semi-detached houses built in the 1960s and 1970s, as well as modern residential developments such as Beam Park with 3,000 new homes, New Road,or Church Elm Lane. Property rental prices in Dagenham start at £291 per week and sale prices start at £185,000 for a one-bedroom flat.

Schools

The most reputable schools in Dagenham are:
  • Five Elms Primary School
  • Becontree Primary School
  • Monteagle Primary School
  • Goresbrook School
  • Jo Richardson
  • Community School
  • Trinity School

4. Ilford

Economy

Ilford is a dynamic area known for being one of the largest retail centres in London. It integrates old and new and hosts a vibrant, multi-culturalcommunity.Ilford offers residents many shopping, leisure, and entertainment amenities. It has many parks, bars, restaurants, pubs, and cafes, as well as local shops on Ilford Lane and shopping centres like the Exchange Ilford.

Location

Ilford is located in Northeast London and is part of the Redbridge Borough, 15 minutes away from Central London. Ilford has TFL Rail stations in Ilford, Seven Kings, and Goodmayesand Underground Central Line stations in Redbridge, Gants Hill, Newbury Park, Barkingside, and Fairlop.

Housing Stock and Average Property Prices

Ilford’s housing stock is diverse and made up of 1930s bay-fronted homes with back gardens, Edwardian and Victorian double-fronted homes, as well as modern builds such as Ilford Retail Park –that will include 850 homes and Goodmayes Tesco –with 1,280 new homes. Property rental prices in Ilford start at £305 per week and sale prices start at £185,000 for a one-bedroom flat.

Schools

The most reputable schools in Ilford are:
  • Woodlands Primary School
  • Cranbrook Primary School
  • Redbridge Primary School
  • Seven Kings School
  • Kantor King Solomon High School
  • Park School for Girls

5. Beckton

Beckton London Remax

Economy

Beckton started its transformation from an industrial area to a modern residential neighbourhood in 1981 when it was included in the London Docklands Development Area. This massive regeneration project included the creation of 120,000 new jobs and led to a massive increase in demand for housing in Beckton. Beckton’s development continues now with the regeneration of the nearby Royal Docks area, London’s only Enterprise Zone, that includes 35,000 new jobs and 4,000 new homes. Beckton is also very appealing to young students, who appreciate its proximity to the University of East London campus.

Location

Becktonis located in East London and is part of the Newham Borough. It is just 8 miles from Charing Cross. Beckton has several DLRstations in Beckton, Cyprus, Beckton Park, and Royal Albert, as well as very good bus connections to other areas such as Canning Town, Central London, or Ilford.

Housing Stock and Average Property Prices

The majority of the Becktonhousing stock was built after 1980. There are also some remaining Victorian terrace housesand new builds such as the Royal Albert Wharf – a 1,500-home project and the Royal Wharf – with 3,385 homes. Property rental prices in Becktonstart at £295 per week and sale prices start at £260,000 for a one-bedroom flat.

Schools

The most reputable schools in Beckton are:
  • Mayflower Primary School
  • Sir William Burrough Primary School
  • St Stephen’s Primary School
  • St Paul’s Way Trust Secondary School
  • The Brampton Manor School
  • The London Academy of Excellence
  • The University of East London’s Stratford Campus

6. Plaistow

Plaistow London Remax Real Estate Agents

Economy

Plaistow is just minutes away from the dynamic area of Stratford, and a very up-and-coming neighbourhood. It is a quieter area becoming increasingly popular with young professionals given its proximity to the City and Canary Wharf. Another very appealing feature of Plaistow is its vicinity to the famous Westfield Stratford City, the largest shopping centre in Europe.

Location

Plaistow is located in East London’s Zone 3 and is part of the Newham Borough. It sits only 8.5 miles from Charing Cross. Plaistow has two Underground District and Hammersmith & City Line stations in Plaistow and Upton Park. Stratford train station is also nearby, with access to the Central and Jubilee Lines and direct links to Canary Wharf.

Housing Stock and Average Property Prices

There’s a diverse housing stock in Plaistow, with properties ranging from Victorian homes to homes built in the 1950s and 1960s. There are also several new residential developments such as the 294 new homes project built by Red Door Ventures. Property rental prices in Plaistow start at £387 per week and sale prices start at £250,000 for a one-bedroom flat.

Schools

The most reputable schools in Plaistow are:
  • Curwen Primary School
  • St Helen’s Catholic Primary School
  • Tollgate Primary School
  • Sarah Bonnell Secondary School

7. East Ham

Economy

East Ham is a tight-knit, multi-cultural community with big plans for regeneration. It is an affordable neighbourhood with great accessto the City Centre and London’s financial district in Canary Wharf.

Location

East Ham is located in the Newham Borough, only 8miles from Charing Cross. East Ham has access to the Underground District and Hammersmith & City Lines, as well as to the DLR.

Housing Stock and Average Property Prices

The property scene in East Ham is made up of Victorian and Edwardian terraced houses with ample spaces. There are also several new residential developments such as Upton Gardens with 842 apartments and Beckton Parkside with 391 flats. Property rental prices in East Ham start at £310 per week and sale prices start at £200,000 for a one-bedroom flat.

Schools

The most reputable schools in East Ham are:
  • St Michael’s Catholic Primary School
  • Oliver Thomas Nursery School
  • Vicarage Primary School
  • Hartley Primary School

8. West Ham

West Ham London Remax Real Estate Agents

Economy

West Ham used to be an industrial area, but the renewal and restoration projects related to the 2012 Olympic Games have transformed itinto a very attractive residential neighbourhood. Its proximity to the Queen Elizabeth Olympic Park, numerous amenities and additional regeneration plans make West Ham a very coveted area for young families and young professionals.

Location

West Ham is located in East Londonand is part of the Newham Borough. It sits only 7.9 miles from Charing Cross. West Ham has DLRstations in Abbey Road, Pudding Mill Lane, Stratford,and West Ham. It is also serviced by the London Underground’s District, Hammersmith & City, and Jubilee Lines, and the London Overground.

Housing Stock and Average Property Prices

Victorian and Edwardian terraced houses and large sixties council estates dominate the West Ham housing market. They offer larger spaces than other London areas and also come with private or communal green spaces. There are also modern residential developments in West Ham, such as the Stratosphere Project (307 apartments)and the Twelvetrees Park Project with 3,800 homes. Property rental prices in West Ham start at £358 per week for two-bedroom apartments and sale prices start at £290,000 for a one-bedroom flat.

Schools

The most reputable schools in West Ham are:
  • West Ham C of E Primary School
  • Selwyn Primary School
  • Sarah Bonnell Secondary School
  • East London Science School
  • East London Independent School

9. Woolwich

Economy

Woolwich’s proximity to Canary Wharf and affordable properties make it very appealing to young professionals who appreciate the short commute. In 2003 it welcomed the new residential towers of Royal Artillery Quays and a new town centre square and since then it has continued investments in its regeneration as a bustling urban centre. The Crossrail is set to upgrade the area’s transport links in 2021.

Location

Woolwich is located in the Southeast Borough of Greenwich and offers great transport links to Charing Cross, London Bridge, and Stratford. The area is served by the DLR and the Southeastern North Kent Line at Woolwich Arsenal and Woolwich Docklands stations.

Housing Stock and Average Property Prices

The housing market in Woolwich is dominated by modern builds, although period homes can also be found in the area. The most popular new residential development in Woolwich is the Royal Arsenal Riverside with 5,000 new homes. Property rental prices in Woolwich start at £253 per week and sale prices start at £240,000 for a one-bedroom flat.

Schools

The most reputable schools in Woolwich are:
  • St. Mary Magdalene Primary School
  • Cardwell Primary School
  • Foxfield Primary School

10. Poplar

Economy

Poplar is rapidly gaining popularity among young professionals and students due to its proximity to the business district of Canary Wharf and being the home of the largest campus of the Tower Hamlets College. It is the focal point of several regeneration schemes that have revived the area’s housing market with modern architecture and great amenities.

Location

Poplar is the administrative centre of the London Borough of Tower Hamlets, which includes Poplar Baths, Blackwall Yard, Trinity Buoy Wharf, and Blackwall. It is in London’s East End, only 5 miles from Charing Cross.

Poplar residents have access to the DLRat All Saints, Langdon Park, Poplar, and East India stations. The area is also served by the C2C at Limehouse, the UndergroundJubilee Line in Canary Wharf, the District Line, and Hammersmith & City Line at Stepney Green and will have a future connection to the Crossrail.

Housing Stock and Average Property Prices

The Poplar housing stock of 19th-century buildings is being replaced with modern high-rises. Out of all these ambitious projects, over 4,000 new homes will be delivered only in the St. William Poplar Riverside and Blackwall Reach projects.

Property rental prices in Poplar start at £295 per week and sale prices start at £124,000 for a one-bedroom flat.

Schools

The most reputable schools in Poplar are:

  • Mayflower Primary School
  • ManorfieldPrimary School
  • WoolmorePrimary School
  • Stebon Primary School
  • St. Saviour’s School

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