The top 20 most affordable streets in London have been revealed, with residential roads in Harrow, Hayes and Newham topping the list.
With the average property price in the capital reaching an eye-watering £639,364 the search for affordable places to live in London has never been fiercer.
And so to help prospective buyers new research has pinpointed the best streets in London they should be looking down.
Railway Approach in Harrow topped the list as the most affordable street in London, with an average house price of just £103,500.
Abbey Close in Hayes came a close second and Armada Way in Newham ranked third.
Sally Francis-Miles, money spokesperson at MoneySuperMarket, commented: “Getting on the property ladder is an aspiration for many, but can seem like a pipe dream when you factor in how much you need to do it, especially in the UK’s most expensive areas.
“The property market has fluctuated in recent years, with escalating prices in some areas and decreases in others. Research also suggests that fewer people are taking out a mortgage3, possibly driven by the potential impact of Brexit on prices.
“However, whether you’re buying your first property or making an investment, the starting point is always reviewing all the potential costs, in addition to what you have saved, before looking at what you can afford to borrow. Then you can look at areas and types of property you can afford. Choosing a mortgage in itself can be daunting, but there are many tools to help you select the right option for you, whether that’s a fixed deal for two to five years giving you certainty of payments, or a tracker that rises and falls in line with the Bank of England base rate.”
TOP 20 Least expensive streets in London
01 Railway Approach, Harrow £103,500
02 Abbey Close, Hayes £103,954
03 Armada Way, Newham £114,743
04 Aitken Close, Ruislip £120,000
05 Arthur Street, Bexley £125,775
06 All Saints Road, Ealing £126,375
07 Archery Lane, Bromley £134,000
08 Acton Close, Enfield £135,000
09 Ainsley Close, Enfield £137,317
10 Adams Road, Haringey £145,000
11 Archers Drive, Enfield £149,995
12 Ammanford Green, Barnet £150,000
13 Albert Road, Newham £155,000
14 Aldriche Way, Waltham Forest £158,500
15 Addiscombe Grove, Croydon £160,000
16 Aidan Close, Dagenham £179,995
17 Acol Road, Camden £180,000
18 Arabella Street, Southwark £187,250
19 Albert Road, Belvedere £199,750
20 Adlington Close, Enfield £205,000
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