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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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