The average cost of a Zone 2 flat is now £697,850 according to new data from estate agent Hamptons.
While considerably less than the overall property average for the travel zone, which is edging ever closer to £1 million, it also pales in comparison to the average cost of a house in Zone 2 — now a staggering £1.79 million.
Amid London’s sky-high property prices, rising interest rates, record inflation and soaring bills, securing a home may feel out of reach for many at the moment.
Would-be home buyers may welcome news of a potential stamp duty cut, expected to be announced by the Chancellor today, yet property experts warn that even a temporary cut in the buyers’ tax without wider reform to the housing market may push property prices and mortgage bills up further.
However, with interest rates expected to rise further in the run up to and into 2023, those thinking of buying may proceed with their moves — and look to fix relatively low rates for as long a period as possible.
And there are options out there for savvy buyers, if you know where to look.
From a W14 mansion block to a converted pub in E1, we’ve found apartments for sale in inner London boroughs — near a Zone 2 tube station — for less than the travel zone average of almost £700,000.
Chalk Farm, NW5
A two-bedroom split-level apartment with a private balcony near Chalk Farm Tube station.
Day Morris, 020 7482 4282
Tufnell Park, N7
Set on the tree-lined Anson Road, near Tufnell Park Tube station, this two-bedroom top-floor flat has access to a shared garden.
Dexters, 020 7284 0101
This bright, two-bedroom garden flat is near Wandsworth Road and Clapham Common stations.
Chestertons, 020 3835 2140
De Beauvoir, N1
This three-bedroom apartment on the De Beauvoir Estate has two private balconies. Near Haggerston Overground station.
Dexters, 020 7483 6373
A two-bedroom, first-floor apartment with high ceilings. Near Stockwell, Clapham North and Clapham High Street stations. Reduced earlier this month
Douglas & Gordon, 020 3872 5264
On the top floor of a terraced house in Royal College Street, near Camden Town Tube station, is this three-bedroom home.
Olivers Town, 020 3879 5571
Stepney Green, E1
A three-bedroom apartment in a Victorian pub conversion near Stepney Green Tube station and the Elizabeth line at Whitechapel.
Strike, 020 3834 8320
Barons Court, W14
A three-bedroom ground-floor flat in Talgarth Mansions, a few minutes ‘walk from Barons Court Tube station.
Keller Williams, 020 7183 8614
Near Brockley Overground station is this three-bed warehouse-style apartment with two balconies and a parking space.
Acorn, 020 3873 8359
Maida Vale, NW6
This three-bedroom apartment is in Randolph Gardens near Kilburn Park Tube station.
Braithwait, 020 3897 9992