Home East London London house prices: The 2 most popular parts of London for people...

London house prices: The 2 most popular parts of London for people looking for a home but there’s a £469,816 price divide

10

This yr has seen a document excessive within the quantity of people shopping for houses, with house costs hovering.

With the stamp responsibility vacation and lots of Londoners opting to maneuver additional away from the town centre in search of inexperienced areas, two parts of outer London have grow to be the wanted areas within the nation.

One is leafy Chiswick, which has a median asking price of £969,350 and the opposite is up-and-coming Walthamstow, at £499,534 in keeping with Right Move.

The common asking price distinction between north-east London’s Walthamstow and polar reverse south-west London’s Chiswick is a staggering £469,816.

Walthamstow takes the second spot on the nationwide listing, behind Didsbury in Greater Manchester, with Chiswick coming in tenth place within the listing of most sought-after locations for consumers.

The Walthamstow Wetlands are a hidden treasure

It’s been a massive time of progress for Walthamstow, as gentrification has seen the common asking price within the space rise by 116 % over the past decade – from £230,888 to £499,534.

The city boasts its personal wetlands, village and a complete host of cafes and delis, in addition to retaining its East End roots with its market and pie and mash retailers.

(*2*)

MyLondon’s good new e-newsletter The 12 is full of information, views, options and opinion from throughout the town.

Every day we’ll ship you a free e-mail at round 12pm with 12 tales to maintain you entertained, knowledgeable and uplifted. It’s the proper lunchtime learn.

The MyLondon workforce tells London tales for Londoners. Our 45 journalists cowl all of the information you want – from City Hall to your native streets.

Never miss a second by signing as much as The 12 e-newsletter right here.

This makes it a excellent spot to purchase for younger households, and people looking to get a step on London’s costly housing ladder.

Despite the common price nearing £1million, Chiswick is definitely the one location on the listing the place costs are decrease than this time final yr.

A door to match the beautiful wisteria in Grove Park Terrace, Chiswick

A door to match the attractive wisteria in Grove Park Terrace, Chiswick

This might be as a result of London recorded the bottom progress of the English areas, with a 4.6 per cent rise in house costs, in contrast with the UK common house price rise of 8.6 per cent over the yr to February, in keeping with knowledge from the Office of National Statistics (ONS).

0 JS234651157

Beautiful Kew Gardens neighbours Chiswick

It’s no shock actually that costs in Chiswick are so excessive, because it neighbours Kew Gardens, boasts towering Georgian homes and is full of inexperienced areas to discover.

What do you consider these two locations taking the highest spot? Do you agree they’re the most sought-after areas in London? Let us know within the remark part right here.