Homes under £450,000: 10 London flats and houses for sale for less than the average first property

London homes for less than £450,000 (ES)

The average first-time buyer spend in the capital is now just over £450,000, according to new research by estate agent Hamptons.

Amid record inflation levels, the cost of living crisis and interest rate hikes, the idea of securing a first home — in London or further afield — will feel unattainable for many.

In that spirit, we’ve hand-picked 10 homes on the market, from leafy Hampstead to hipster Hackney, for sale for less than the average cost of a first London property.

Kew, TW9

£375,000

KEW, TW9 (Riverhomes)

Four-bedroom Dutch Barge, moored at Kew Marine beside the bridge. Self-contained captain’s cabin and mains sewage system.

River Homes, 020 8115 0694

Forest Hill, SE23

£450,000

Honor Oak Road, SE23 (The Modern House)

Two-bedroom flat with mid-century charm, refurbished by architect owners. Large south-facing communal garden and modern cork flooring.

The Modern House, 020 3795 5920

West Ham, E7

£425,000

Upton Lane, E7 (Kellerwilliams)

Renovated three-bedroom top floor flat with 500 sq ft wraparound roof terrace and industrial-style stainless steel kitchen.

Keller Williams, 020 3907 3381

Streatham, SW2

£360,000

Wavertree Court, SW2 (JBrown)

One-bedroom ground floor aparment in a 1930s Art Deco Wavertree Court, moments to Streatham Hill Station. Smart communal gardens.

JBrown, 02039817171

Plumstead, SE18

£450,000

Common Road, SE18 (Acorn group)

Three-bedroom terrace minutes from Plumstead Common Nature Reserve, with high ceilings and exposed brick fireplaces.

Acorn, 020 3909 9838

Hoxton, N1

£450,000

Haberdasher Street, N1 (Winkworth)

One-bedroom flat in an end of terrace Edwardian apartment block, with high ceilings and handy proximity to Old Street station.

Winkworth, 020 7749 7650

South Norwood, SE25

£425,000

Harrington Road, SE25 (Oaks estate agents)

Semi-detached three-bedroom home with side garden and garage, plus potential to extend. Moments from South Norwood Country Park.

Oaks, 020 3907 9733

Hackney, E9

£400,000

Cadogan Terrace, E9 (Savills)

Bright one-bedroom apartment in an unusual turreted building facing onto leafy Victoria Park. The heart of Hackney Wick is close by.

Savills, 020 3222 5555

Hampstead, NW11

£360,000

Meadway Hampstead, NW11 (Dexters)

Grade II-listed one-bedroom flat in a Hampstead Garden Suburb estate, with parquet floors, off street parking and a caretaker.

Dexters, 020 7433 0273

Camberwell, SE5

Sedgmoor Place, London, SE5 (Gareth James)

£300,000

Grade II-listed one-bedroom flat set in a stretch of converted cloisters. Exposed brick, shuttered windows and wooden flooring throughout.