From £360k: New Cross homes offer fastest overland rail commute for City workers at first-time buyer prices

There is no shorter overland rail commute to the City from a Zone 2 location than from colourful New Cross.

Regular trains to London Bridge from both train stations take just six minutes. Yet property prices here are still within reach of many lower-budget first-time buyers.

New-build developers have discovered New Cross, pushing the Bakerloo line extension south from Elephant and Castle as a good reason to invest early in this area.

Iron Works, a scheme of value-added 34 apartments all with outside space, is in a traffic-free neighbourhood around Pomeroy Street, with a popular primary school and refurbished park.

Clarion Housing Group is selling one-bedroom homes from £360,000, with shared ownership options from £108,000. Call 020 7704 5618.