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Cheapest house prices in London are above 250,000


10-09-2014

 

First time buyers in London have been dealt a new blow by a survey which shows even the cheapest house prices are above 250,000.

Figures from the Land Registry show the average house price in every London borough is in excess of a quarter of a million pounds.

Property prices are cheapest in the London borough of Barking and Dagenham.
Property prices are cheapest in the London borough of Barking and Dagenham. Credit: PA

Property prices are cheapest in the London borough of Barking and Dagenham where the average price is now 256, 556.

By contrast, the wealthiest area is Kensington and Chelsea where the average price is almost 1.4 million.

First time buyers face a double whammy because properties above 250,000 attract 3% stamp duty.

The most expensive area to live in London, according to figures, is in Chelsea and Kensington.
The most expensive area to live in London, according to figures, is in Chelsea and Kensington. Credit: PA

Here is the breakdown of figures for your area:

  • Barking and Dagenham- Average house price 256,556
  • Bexley- Average house price 265,702
  • Newham- Average house price 273,873
  • Havering- Average house price 291,822
  • Sutton- Average house price 299,119
  • Enfield- Average house price 308,014
  • Croydon- Average house price 308,647
  • Hillingdon- Average house price 309,711
  • Redbridge- Average house price 332,906
  • Greenwich- Average house price 336,911
  • Waltham Forest- Average house price 344,037
  • Hounslow- Average house price 344,715
  • Harrow- Average house price 345,407
  • Bromley- Average house price 364,758
  • Lewisham- Average house price 377,664
  • Kingston upon Thames- Average house price 402,289
  • Brent- Average house price 407,079
  • Ealing- Average house price 431,034
  • Barnet- Average house price 435,509
  • Merton- Average house price 456,599
  • Tower Hamlets- Average house price 457,074
  • Haringey- Average house price 486,144
  • Lambeth- Average house price 526,005
  • Southwark- Average house price 531,952
  • Hackney- Average house price 575,476
  • Wandsworth- Average house price 575,826
  • Richmond upon Thames- Average house price 623,042
  • Islington- Average house price 648,290
  • Hammersmith and Fulham- Average house price 784,034
  • Camden- Average house price 823,074
  • City of Westminster- Average house price 969,216
  • Kensington and Chelsea- Average house price 1,380,279
 

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