The most and least expensive places to buy a house in London

For many of us, the idea of owning a home in London feels like a pipe dream.

House prices in the capital are astronomical and renting isn’t much cheaper.

The average house price in London is now £531,000, while the standard rate for rent is £2,114 per month.

But there are some areas of the city which are wildly more expensive than others.

Recent data from the Office of National Statistics (ONS) has revealed the cheapest and most expensive places to live in London.

The data is based on the median house price per area.

Top 10 cheapest places to buy a home in London

1. Barking Central, Barking and Dagenham - £245,000

2. Ilford North West, Redbridge - £266,000

3. Thamesmead Birchmere Park, Greenwich - £270,000

4. Little Ilford East, Newham - £275,300

5. Thames View, Barking and Dagenham - £276,000

6. Central Romford, Havering - £280,000

7. South End and St Peter’s Road, Croydon - £280,500

8. Selhurst South & West Croydon, Croydon - £281,500

9. Central Croydon, Croydon - £288,000

10. Mitcham West, Merton - £290,000

Top 10 most expensive places to buy a house in London

1. Kensington Abingdon, Kensington and Chelsea - £2,787,500

2. Knightsbridge, Belgravia & Hyde Park, Westminster - £2,725,000

3. Hans Town, Kensington and Chelsea - £2,667,500

4. Strand, St James & Mayfair, Westminster - £1,990,000

5. Marylebone & Park Lane, Westminster - £1,925,000

6. Notting Hill South, Kensington and Chelsea - £1,838,005

7. Hampstead Garden Suburb, Barnet - £1,685,000

8. Parsons Green East & Eel Brook Common, Hammersmith and Fulham - £1,680,000

9. Herne Hill & Dulwich Park, Southwark - £1,650,000

10. Notting Hill West, Kensington and Chelsea - £1,637,500

Online Marketing Surgery and Cardinal Steels have created their Property Report, which helped rank neighbourhoods in London based on their average house prices, year ending March 2024.