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London property: The East London town where homes are the cheapest and a one-bedroom flat costs just £64,000

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House prices in London have reached new ridiculous heights.

According to Zoopla, the average house price in London in the last twelve months was £706,267.

This has arguably been driven up by London’s most expensive boroughs, where houses average over £1 million.

READ MORE: The unlikely London neighbourhood that’s one of the city’s prettiest A-list spots

But you don’t have to shell out in all parts of London – there’s one East London town where you can get a flat for just £64,375.

The cheapest area of London to buy a house in 2021 is Dagenham.

Dagenham is an East London town that was originally in Essex, until it was absorbed by Greater London in 1965.

House prices across the UK have risen by more than 13 per cent in the last year

Now, Dagenham property is going for cheap.

The average house price in Dagenham as of August 2021 is £343,459.

Including flats, that price drops to £318,670.

The cheapest house in Dagenham is a three-bed terraced house going for merely £264,500, while the cheapest flat is a lovely one-bedroom listed at £64,375.

There are plenty of things to do in the Dagenham area.

Valence House is a medieval mansion which houses a museum, garden, cafe, and more, and is free to visit.

Dagenham

Dagenham’s house prices are cheap compared to the rest of London

For a bit of nature, Mayesbrook Park and Eastbrookend country Park both boast lovely walks, lakes, and wildlife.

There are 62 schools in the borough, with eight being ranked ‘outstanding’ by Ofsted and 50 being ranked ‘good’.

Transport in the area is also good, with buses 173, 174, and 175 being the main ones.

Dagenham also has the District line, and will be home to the Elizabeth line when it opens.

There are also seven public libraries and 13 allotment sites in Dagenham, so you can really get stuck in to living there.

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Dagenham is on the District Line, just 40 minutes from Blackfriars station.

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https://www.mylondon.news/news/property/london-property-east-london-town-21377216