One of the issues many people have with London is the high house prices. It can make it difficult to get on the property ladder or navigate it. In addition, it can cause some concerns for investors. But, there are a number of areas where buyers can make their money go further. We want to take a look at a few of them here. Then, if you need services like property management, Greenwich has no better expert than Finefair Ltd.
Look at South East London
If you are looking for locations where you can get the most for your money, South East London is the best region. It has some of the top spots in terms of affordability.
DA18
The postcode with the cheapest average price in the city is DA18 in Bexley according to the latest data. Values here are around £251,079. That is massively behind the average for the whole of London. It is also less than the averages for England and the UK.
The DA18 postcode is an interesting location; it is in Erith, close to Belvedere, and a short trip from Abbey Wood. It has a mix of housing, including terraces and flats. Close proximity to two primary schools and a secondary school is a good selling point.
This is a decent spot for commuters even though it doesn’t have a station. It is a relatively easy commute if locals travel to Abbey Wood. There they can get on the Elizabeth Line to travel to Canary Wharf or Liverpool Street in less than 30 minutes. The services also go on to West London. Plus, there are several train services.
One of the highlights of the area is the close proximity to Crossness Nature Reserve. Also known as Erith Marshes, it is a great green space and one of the last grazing marshes on the south bank of the Thames. It is a Site of Metropolitan Importance for Nature Conservation and has won awards for the wildlife area.
SE28
The figures also report that Thamesmead is one of the other cheapest postcodes in London. This is great news and something we have seen in our services to offer the best property management in Greenwich.
The average asking price for SE28 is £309,909. Again that is below the average for London but is ahead of the price for the UK as a whole.
Thamesmead has an interesting history. It was initially the site of the Royal Arsenal, a key spot for manufacturing armaments and ammunition. It then became a focus for redevelopment in the 60s and 80s, creating a housing zone, a central retail district, and an industrial and commerce sector to the east.
More recently there has been a lot of work focusing on regeneration. This includes the creation of new housing and community facilities. The goal is to transform the area to make it better for the residents.
There are a number of things to love about Thamesmead. Firstly, it is family friendly, with good schools and surprisingly low crime stats. There is quite good access to green space too, even though the area has a reputation as a Brutalist estate.
Consult us about property management in Greenwich
Finefair Ltd loves that London has such a diverse array of areas. It means there is far more choice for different buyers. For example, you could target a rural or suburban spot with excellent prices. Or you could choose to be more central so there are great options for night life. Not many other cities can give you this degree of choice.
The city attracts lots of different investors with unique goals in mind. We can offer a fantastic range of services for all of them. It can include the most reliable property management in Greenwich, guaranteed rent, and more. If you want peace of mind and a service that is convenient, we have it for you.
So, get in touch today and discuss your needs with us. We support new and existing investors, arranging solutions for different portfolios.
