Hot areas to buy a property in London

Hot areas to buy a property in London

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Discover 5 of the Hottest Neighbourhoods for 2020 House Hunters

uk houses

With its big-city dynamic and bustling opportunities, London attracts more and more people to become its residents each year. So much so that the city has to work hard to expand and develop to keep up with increasing demand.

First-time buyers in particular struggle with feeling overwhelmed with the number of areas they can choose from. Some of the property price tags are also an overwhelming factor since London has the highest house prices in the entire UK.

Still, all is not lost if you’re thinking of making London your new home. Or if you’re already calling it home and want to switch from [renting] to [owning your own property]. The City still has plenty of opportunities for avid house hunters looking for bargain prices and good transport links.

In fact, many London areas that were formerly unnoticed are now becoming increasingly attractive due to the city’s investment in infrastructure projects.

One such game-changing project is the Crossrail – a new underground railway running from Reading and Heathrow in the west to Shenfield and Abbey Wood in the east. Expected to be inaugurated in 2021, the Crossrail (named Elizabeth Line) will have 41 stations and will serve over 200 million passengers annually. Easier access to most London areas will serve to push some less popular ones out of anonymity and make them more appealing to buyers. So, the time to invest is now.

What to Look for When Buying a Property in London

No matter if you want to [buy] a first home or a new investment property, there are a few things every diligent buyer should take into account when starting a property search.

Here are a few important aspects to consider:

  • Transport links and options and commute times.
  • Local amenities and community.
  • Research and compare property prices in the area.
  • Read the fine print of the final offer and double-check contractual provisions.

In fact, with so many [buying] choices, [properties available for sale] and contractual details, it is always a good idea to enlist the help of a [specialized estate agent] to guide you through your options.

Barking and Dagenham

The London Borough of Barking and Dagenham is located in East London only 9 miles away from Central London. Being one of the six London boroughs that hosted the 2012 Summer Olympics, it has largely benefitted from being part of the Olympics development schemes and it’s also an area designated as a national priority for urban regeneration. Its population is around 187,000 according to the 2011 census. The three main towns that make up this borough are Barking, Chadwell Heath and Dagenham.

Pros and Cons of Barking and Dagenham

Barking and Dagenham has seen amazing property price increases in recent years. The area’s development, improving transport links to the rest of the city and its diverse housing stock are bound to keep prices rising in the near future. It is an ideal place for an investment if you are looking to [buy] for a house or flat yourself or for [letting] out to renters. The only con is that the area is still undergoing regeneration and it will take a few years to reach its full potential.

Average Property Prices in Barking and Dagenham

The average property price for Barking and Dagenham in 2020 is £310,000.

Stratford

Stratford is located in the East End of London and it’s a part of the Borough of Newham. It sits just 6 miles east-northeast of Charing Cross. Leaving its formal industrial past far behind, Stratford has undergone an amazing transformation into a new urban oasis following the 2012 Olympics and the inauguration of the famous Westfield Stratford Shopping Centre – the largest shopping mall in Europe. It is now one of the most sought-after locations for buying in London’s Zone 2.

Pros and Cons of Stratford

With a [housing stock] made up of mostly new properties, Stratford is a haven for house hunters looking for modern features and amenities. Stratford’s new residential developments offer many conveniences for their residents, like gyms, swimming pools and concierge services. The pros of [buying a property in Stratford] such as amazing transport links and numerous property options definitely outweigh any cons.

Average Property Prices Stratford

The average property price for Stratford in 2020 is £386,000.

To learn more about Stratford, click here to see our Area Guide.

Forest GateForest Gate in london

Forest Gate is located in east London, in the Borough of Newham. It is about 7 miles northeast of Charing Cross. The area is just a stone’s throw away from Westfield Stratford City and the 2012 Olympic Park, so you will never be out of shopping or entertainment options if you decide to [buy a property] in the area.

Pros and Cons of Forest Gate

Home of the Wanstead Flats, Forest Gate is the ultimate location for young families and singles looking to spend more time outdoors, enjoying leisure and sporting activities. It is a vibrant community with many local shops, bars and restaurants to keep you busy. The only con is that the housing stock is mainly made up of Victorian houses, so modern amenities are harder to come by in this area.

Average Property Prices in Forest Gate

The average property price for Forest Gate in 2020 is £415,000.

Whitechapel

Whitechapel can be found in London’s East End, in the Borough of Tower Hamlets. It is located 3.4 miles east of Charing Cross. Part of Greater London since 1965, Whitechapel is very culturally diverse and offers many shopping, dining and entertainment opportunities. It also boasts a thriving art scene, with contemporary art exhibitions, art centres and theatres. It is home to the Wilton’s Music Hall and the Royal London Hospital and Jack the Ripper museums.

Pros and Cons of Whitechapel

You can’t really beat Whitechapel’s value for money if you consider its location in London’s Zone 1. Its property stock includes both Georgian terrace houses and new builds, so [buying a property] in Whitechapel will give you the best of both worlds – history and modern amenities all in one place. The area is constantly undergoing development, if you can consider that a con, but we believe Whitechapel is a great investment opportunity that will yield a great ROI for [buyers].

Average Property Prices in Whitechapel

Pricier than the other areas on our list, Whitechapel’s average property price in 2020 is £716,000

Canary Wharfcanning town

In the last three decades, Canary Wharf has transformed itself from a forgotten industrial area to one of the top financial centres in the world. It is now known as London’s financial centre. Located on the Isle of Dogs, Canary Wharf is home to Canada Square, Westferry Circus and Cabot Square. It features many high-rise buildings, including the third-tallest in the UK – One Canada Square.

Pros and Cons of Canary Wharf

Even though it was once only thought of as a place of business, new residential developments in the area are making Canary Wharf the perfect go-to neighbourhood for young professionals and entrepreneurs looking to [buy a property]. The area is still transitioning to becoming more residential, so although it is bustling during the day, at night it will be best appreciated by those who love peace and quiet.

Average Property Prices in Canary Wharf

Canary Wharf’s average property price in 2020 is £572,000.

Click here to see our Canary Wharf Area Guide and find out more about this neighborhood.

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What Our Customer's Say

Samarpan Thorat
Samarpan Thorat
2022-02-18
They have multiple options.
Lana Matta
Lana Matta
2022-02-01
Exceptional service! Always on time and proactive!
Adetola Ajala
Adetola Ajala
2022-01-24
From just a walk in to prompt service delivery. Adil took time to explain about property market and was very professional in every aspect of negotiation and final house letting process. So far property management has been satisfactory.
Amit Bains
Amit Bains
2021-12-10
I chose REMAX and Adil specifically to manage my property in the Canning Town area because I could tell the enthusiasm and customer service levels were extremely high. I have not been disappointed given the current market and global situation over the past year and more I could not have asked for a more attentive agent then Adil and the wider REMAX team
Adnans Syed
Adnans Syed
2021-12-06
Remax barking is best agents Mr Adil is best Man to deal with we take House From Mr Adil in 2018 now in 2021 we are moving From house But There service is very professional and decent I moving my house but in many years no problem with them regarding anything I live in U.K. since 15 years but this is the best agency we had if you guys be with remax barking road you never be a disappointed that’s for sure great service see you in future Mr Adil thanks for you kind service god bless you 🙏
Thunicia Moodley
Thunicia Moodley
2021-11-28
I approached REMAX after being dissatisfied with another agent in the area, who was very poorly responsive, negligent with our property, & unable to rent it out for 3 months. From the first interaction, Adil was highly responsive, provided advice on what was required to bring the property back up to standard, and swiftly obtained quotes for all work that needed to be carried out. REMAX oversaw completion of the extensive work & secured tenants in approximately 4 weeks. I initially contacted REMAX, amongst other agents, due to their high Google ratings. Based on my own experience, I rate the level of customer service & professionalism 5 star. Thank you Adil & Team.
Anam Asghar
Anam Asghar
2021-11-27
Excellent Customer Service and prompt action been taken when finding property for my self… Highly Recommended 👍🏻
Nitu Mariana
Nitu Mariana
2021-11-17
I have just secured a new apartment using the REMAX Canning Town Branch, and during the whole process, Mr Masood Qaiser was very helpful. I contacted him through Facebook regarding the available property. He was very professional, good communicator. Patient and reliable. Explained all the processes and followed up with emails and calls, which helped put my mind at ease and helped me throughout the whole process, making the process smooth and easy. Even he helped me with switching the bills. So I very much recommend this agency. I had a positive experience with them.
Martin Parvanov
Martin Parvanov
2021-11-15
I saw so many properties to rent in Facebook . You have so many advertises and when I ask Julian if they are still available He doesn't reply to me. Even not only him ..There is another guy I can't remember his name and he doesn't answered on my messages as well. This is the reason to give you only one star
Saugat Budhathoki
Saugat Budhathoki
2021-11-11
I've used Remax Canning Town Branch for Letting my apartment in Rathborne Market. Mr Rizwan is reliable and goes the extra mile to help and secure the professional tenants as I wanted. On top of his knowledge and experience, Rizwan is kind and personable, a pleasure to work with him, and I recommend REMAX wholeheartedly.

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