When looking to buy or rent a property in London there are several factors to consider before making a commitment to owning a home. One of the biggest factors to consider, when making a decision where to settle down is price. The online estate agent, Yopa, has analysed the top ten cheapest boroughs to buy in London, to reveal Woolwich, Croydon, and Sutton as some of the cheapest areas.
What are the cheapest boroughs to buy or rent a property in London in?
According to an online estate agent, Yopa, these are the top 10 cheapest areas to purchase a property in London.
10. Hillingdon & Harrow £483,298
According to the property agent, property prices in Hillingdon and Harrow average around £483,298 for a three to four-bedroom house, while the average monthly rent for a two-bedroom property is around £1,312.
Fun fact: Hillingdon offers over 20 square miles of beautiful countryside, canals, parks, and woodland.
Property: The top 10 cheapest borough to buy & rent in London revealed (Image: GETTY IMAGES)
Property: What are the top 10 cheapest boroughs in London to buy a house in? (Image: GETTY IMAGES)
9. Lewisham - £465,504
Average house prices for a three to a four-bedroom house in the London borough of Lewisham can be found to be around £465,504.
Renting in Lewisham, on the other hand, works out to be around £1,248 per month.
Fun fact: Famous people who were born in Lewisham include Gary Oldman, Alexander McQueen, Jessica Hynes, Maxi Priest, Louise Redknapp, Danny Baker, and Sid Vicious.
8. Enfield - £453,119
According to Yopa, the average selling price of a house in Enfield is around £453,119. Renting in the Enfield area roughly equates to about £1,116 per month.
Fun fact: The Rose & Crown pub in Clay Hill, Enfiled is known for its otherworldly activities. The property, which dates back to the 15th century, is said to be haunted by the ghost of the eighteenth-century highwayman Dick Turpin, who was best known for highway robberies upon his trusty horse Black Bess.
7. Redbridge - £429,252
Property prices in Redbridge average around £429,252 whilst renting is around £1,110.
Fun fact: Woolly mammoths, rhinos, and lions have roamed Redbridge in the past. Found fossils have proved that hundreds of thousands of years ago this borough was home to a host of amazing prehistoric creatures.
6. Sutton - £424,881
The average house price for a three to a four-bedroom house in the London