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London property: The Zone 4 hotspots in East London where houses are selling for over £1 million

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House prices in London have been a point of contention for many years.

The rising property prices have seen a number of areas develop as more people move there.

In East London, houses are selling for over £1million which isn’t news to many.

The more central areas Hackney, Shoreditch and Dalston are what your mind may dart to, considering these places are quickly becoming known for being trendy and more desirable.

READ MORE: London flat so fancy it inspired part of the Titanic for rent at £3,500 per week

However, it seems now that has caught on for even the neighbourhoods that are meant to be the cheapest in London.

Described by some as the ‘golden triangle’ of East London, Ilford, Redbridge and Barking are seeing huge increases.

In Ilford house prices have risen 16 per cent since 2019, according to Rightmove data. The average price of houses in Ilford was £472,336.

Even though this was the average, there are still a number of houses being sold on the market for well over that.

In June 2021, a six-bedroom detached house was sold for £1.2 million.

The reception in this property is large and spacious

The house did boast a number of amazing features such as 3,000 square feet of living space, all contributing to the price.

This house is still on the market for a million pounds and doesn’t even come close to the average price of houses in the area.

This house was a bit cheaper than the one sold in June but will still set you back a million pounds.

The kitchen is modern and spacious also

The kitchen is modern and spacious also

This house is still on the market for a million pounds and doesn’t even come close to the average price of houses in the area. This house was a bit cheaper than the one sold in June but will still set you back a million pounds.

For the full listing, click here.

In neighbouring Barking & Dagenham, the average house price was £335,296 over the last year. This was a rise of four per cent so it is considerably cheaper than Ilford.

This doesn’t mean that Barking doesn’t have its own one million pound properties. This property in Barking is on the market for £1.2 million and is definitely a sight to behold.

The dining room has underfloor heating as well. Also, bi-foldable doors that lead to the garden

The dining room has underfloor heating as well. Also, bi-foldable doors that lead to the garden

Barking and Dagenham seems to be more affordable than Ilford so it may be that they see an influx in people if people are priced out of moving to Ilford.

MyLondon spoke to a local estate agent, Nabeel Khan, and he attributed the surge in houses prices due to the “lack of properties available”.

He said: “There is a lot of demand for properties but not enough to go around. There are about 20-30 people for every one property, so this, in turn, has led to an increase in demand.”

One of the receptions in the property

One of the receptions in the property

For the full listing, click here.

The next Zone 4 hotspot is Redbridge, the most expensive out of the three.

Rightmove listed the average house price in Redbridge as £537,829.

This was a rise of 16 per cent compared to last year.

Clearly, Redbridge is an attractive location for many.

The garden is large and with retractable doors, access is easy

The garden is large and with retractable doors, access is easy

Redbridge looks to be the most expensive of the zone 4 areas listed. In April this year, a property sold for 2.5million.

When you think of multi-million-pound houses, I think most people would assume that would be in West London.

East London clearly has something to say about that.

Do you reckon any of the other Londons can compare with our stunning capital city?

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This property is on the market for £1.5 million and compared to the £2.5 million, it looks like a steal. Offering over 3,000 sq feet of living space and a private gated community, it offers an escape from the hustle and bustle of London.

For the full listing, click here.

In the past, living in areas further away from the city would mean cheaper. It seems that those days are gone and due to the improving transport links in London, you won’t ever be too far away from a million pound home.

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https://www.mylondon.news/news/east-london-news/london-property-zone-4-hotspots-21924910