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How to cash in on London house prices and buy your dream home in the suburbs


04-26-2014

Cash in on London prices and buy your dream home
Now might be the time to sell your ‘cosy’ London flat and buy that dream home in the suburbs (Picture: Rightmove)

As the London market heats up, getting ahead of the ‘ripple effect’ is a tempting prospect for anyone thinking about cashing in and buying their dream home.

The average asking price of a London home has reached an all-time high of £572,348, according to the Rightmove House Price Index for April. The biggest increases are occurring in the less expensive boroughs, as a ripple effect sees demand move further out of the centre.

For families looking for their next move, considering a move just outside London could mean a bigger house, more space and more outside land. But just what can you get for your cash? We weigh up the options.

Swap a flat in Borough…

Swap this flat in Borough for a bigger home in Brentwood
Swap this flat in Borough for a bigger home in Brentwood (Picture: Rightmove)

This two bed flat in Borough is for sale at £450,000.

…for a bungalow in Brentwood

A three bedroom bungalow in Brentwood
A three bedroom bungalow in Brentwood (Picture: Rightmove)

Three bedroom bungalow in Brentwood, offered in excess of £550,000.

Swap a flat in Earl’s Court…

Swap this  flat in Earls Court
Swap this flat in Earls Court (Picture: Rightmove)

Earl’s Court two bedroom flat, £680,000.

…for a detached house in Egham in Surrey

This detached house in Egham could be all yours
This detached house in Egham could be all yours (Picture: Rightmove)

Two bedroom detached house in Egham, £515,000.

Swap a two bed in Hampstead…

Exchange this Hampstead two bedder
Exchange this Hampstead two bedder (Picture: Rightmove)

Two bedroom apartment in Hampstead, £750,000.

…for a three bed in Harpenden

This Harpenden home has a spacious private garden
This Harpenden home has a spacious private garden (Picture: Rightmove)

Three bedroom house in Harpenden, £535,000.

Swap a two-bed in Shepherd’s Bush…

Swap Shepherds Bush
Swap Shepherds Bush for Surbiton (Picture: Rightmove)

Two bedroom flat in Shepherd’s Bush, £600,000.

…for a five-bed in Surbiton

This large pile in Surbiton could be all yours
This large pile in Surbiton could be all yours (Picture: Rightmove)

Surbiton five bedroom terraced house, £879,950

Swap a two-bed in Chelsea…

Swap this Chelsea pad
Swap this Chelsea pad (Picture: Rightmove)

Two bedroom flat in Chelsea, £640,000.

…for a four-bed in Chertsey

Have cash left over for this spacious Chertsey home
Have cash left over for this spacious Chertsey home (Picture: Rightmove)

Four bedroom house in Chertsey, £589,500.

Matthew James from Rightmove says that, while it can be hard for many Londoners to even think about leaving the highly-prized postcodes of inner London, especially given their recent history of pricegrowth, heading further out might just land you that dream home at a more affordable price.

‘Yes, the commute might be longer, especially for those working in central London, and it won’t suit everyone, but it could be perfect for a family looking for more space or a second- stepper looking to move from a flat to house,’ he says.

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