What does £250,000 buy in London?

We find out what’s on offer for under £250,000 throughout the capital.

Are you looking for a home in the capital priced below £250,000? It’s a tough call — but it’s not impossible to find.

While this budget is unlikely to get you into prime central London, you could still find a studio flat in Zone 1 or an apartment less than 20 minutes from the City, or even a two- or three-bedroom house in Zones 2 and 3. We’ve tracked down what’s on offer.


THE GATED DEVELOPMENT: West Norwood, SE27

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A one-bedroom flat within a gated development in Elderwood Place, SE27, with a long lease and off-street parking, close to West Norwood and Gipsy Hill train stations.

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THE TWO-BEDROOM COTTAGE: Plaistow, E13

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A two-bedroom Victorian terrace house in Selby Road, E13, with two reception rooms and a small patio garden, close to Canning Town and Plaistow Tube staions and Custom House DLR.

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SHARED OWNERSHIP: South Bermondsey, SE16

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£56,250 buys 25 per cent (full price £225,000) of this one-bedroom flat in Reculver Road, SE16, between Surrey Quays and South Bermondsey. 

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LOCATION, LOCATION: Queensway, W2

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A studio flat on the third floor of a red-brick period building opposite Hyde Park in Orme Street, W2, with roof top views over west London. Queensway and Bayswater Tube stations are both within a strolling distance.

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FOR SOCIALITES:  Camberwell Green, SE5

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A one-bedroom flat in Camberwell New road, SE5, overlooking Camberwell Green, with the use of a large communal sun terrace. Denmark Hill is the nearest station.

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FOR UPSIZERS: Croydon, CR0

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A four-bedroom semi-detached house set over two floors in Calley Down Crescent, New Addington, just under three miles from Hayes mainline rail station.

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THE RENOVATION PROJECT: Walthamstow, E17

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This two-storey end-of-terrace period property house in Spruce Hills Road, E17, comes with planning consent to turn it into a two-bedroom home. Permission has been granted to add a small ground-floor extenstion to the rear, providing space for a large kitchen/diner opening out to the garden, plus the addition of a family bathroom. Wood Street train station is half a mile away.

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