Until this month, Barking and Dagenham, on the eastern fringes of the capital, was the borough with the lowest average house prices in London.
However, thanks to record price growth in the last 12 months, the average price of a home has risen 14.5 per cent to £319,916, almost £800 more than Bexley, across the Thames, which now claims the cheapest borough crown.
The latest Land Registry figures report price growth across the capital, with the most affordable areas having the highest rises. Out of the 33 boroughs, only 11 still have average prices of under £400,000, with more than half of these in the top 10 fastest-rising boroughs.
Hillingdon, in west London, is the top performing borough, rising 15.5 per cent to £383,960. This is largely due to the Crossrail effect, with the borough set to gain two stations on the high-speed rail route, significantly cutting journey times into the centre of London from West Drayton and Hayes & Harlington.
Enfield, in north London, and in travel Zone 5, is second on the list, with 15.2 per cent growth and average prices of £372,869.