We take a look at the cheapest places to buy a property in London according to the UK House Price Index (HPI) for March 2019. This shows the most affordable London boroughs and how house prices have changed over the past year.
The UK House Price Index provides monthly updates on the changing average prices of residential properties across the UK. The lighter greens on the map above show the ten cheapest London boroughs as of March 2019.
Lewisham is the only new entrant in this year's '10 cheapest' list. Hillingdon prices increased by 1.12% since March 2018 to an average of £410,804, pushing it off the list.
Kensington and Chelsea remains the most expensive borough, and by some margin. The average house there comes in at £1,163,082 - over £25,000 more than the price of an average home in the next cheapest borough - the City of Westminster.
Starting with the cheapest and working our way up in value, here are London's ten lowest-cost areas for buying property in 2019:
1. Barking and Dagenham
Average house price: £300,517
Barking and Dagenham remains the cheapest place to buy property in London. With an average price of £300,517, this borough offers great value for money. Excellent transport links into Central London are set to further improve with Crossrail to Chadwell Heath and the Overground extension to Barking Riverside.
Average house price: £342,993
Bexley is the second cheapest borough with an average price of £342,993 – 4.3% higher than in March 2018. Bordering Greenwich to the west and Bromley to the south, Bexley will be served by Crossrail services from its Abbey Wood station once the line opens.
Average house price: £359,336
Croydon's renaissance continues, attracting buyers with its low prices, ever-improving amenities and easy access to Central London. £359,336 is the average price of homes in this borough in 2019 – slightly down on last year's prices.
Average house price: £362,698
More than half the land in the borough of Havering is protected Greenbelt land. Transport into central London is provided by the District Line running west to Upminster – one of the main urban areas in the borough alongside Romford, Hornchurch and Rainham.
Average house price: £368,520
Sutton schools boast the best results of any borough in Greater London. With average house prices at £368,520 it provides an attractive option for growing families looking to upsize away from the central London zones.
Average house price: £370,525
Average prices in Newham have grown to £370,525 in 2018 - a significant 4.97% increase over the previous year. Popular areas such as Stratford and Custom House offer a wide variety of affordable new-build properties with transport links provided by the DLR as well as Central and Jubilee tube lines.
Average house price: £372,803
This Royal Borough is named after the World Heritage Site of Greenwich, with its Naval College, Observatory, Royal Park and many other attractions for visitors. The average house price in Greenwich is now £372,803, making it an appealing prospect for buyers too.
Average house price: £397,193
The most northerly London borough, Enfield is connected with the tube network by Arnos Grove, Southgate, Oakwood and Cockfosters stations on the Piccadilly Line. Crossrail 2 could provide an additional boost to the borough's economy and property prices, currently averaging £397,193.
Average house price: £397,335
Covering a large area of east London, Lewisham includes historic Blackheath, fashionable Deptford and the popular residential areas of Brockwell, Forest Hill and Sydenham. With average prices at £397,335, this borough offers great value homes in a wide variety of attractive neighbourhoods.
Average house price: £404,615
Stretching from Chiswick in the east to Bedfont at its westerly tip, Hounslow offers a hugely varied property stock. Brentford has enjoyed substantial development in recent years, while Isleworth remains a firm favourite with commuters wanting more space for their growing families.
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