Everyone knows London house prices are something of a contentious issue. You are told that the further out the cheaper it gets, but that also means you’re away from everything. Does being an extra 30 to 40 minutes away from the city matter if you can pay a few £100,000 less? Those are the questions that a lot of Londoners face.
Everybody wants to be in zone 2 and 3 but sometimes it just isn’t feasible. The thing is though it sometimes feels like it doesn’t matter what zone you are in, London is going to be expensive wherever you are. It’s a sad reality but being a Londoner comes with some perks (sometimes).
This heatmap based on Zoopla data shows the average house price for all 34 London boroughs currently and the data isn’t a surprise. West London boasts some of the most expensive boroughs but does anywhere else come even close? Take a look.
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Kensington and Chelsea blew every other borough out of water. The average house price in Kensington and Chelsea was £2,260,723. It is a borough firmly entrenched in the fancy life, boasting huge houses truly showing how the other half lives. The borough also is a prime example of the enormous divide of wealth when you can walk from Kensington to the area around Grenfell Tower which housed a number of people from low-income backgrounds.
Barking and Dagenham is the cheapest borough with an average price of £339,884, and that isn’t a surprise. However, Barking and Dagenham is an area that will be getting a host of new projects as the new Barking Riverside development is built. The development will make Barking an attractive area for many as transport to the area will significantly improve. A new Uber boat route on the Thames will dock at the new Barking Riverside Station as well as the London Overground line being extended.
House prices in London have been rising steadily in recent years and several areas are seeing an increase in buyers. An area like Croydon, which is the second cheapest borough on the list, is a desirable area. 15 minutes into London Victoria, 25 minutes to London Bridge, new developments sprouting up. It wouldn’t be a surprise to see Croydon moving up the list in the coming years.
The most surprising entrant on the list may be Islington. With an average house price of £928,365, it comes in the top 10 of the most expensive boroughs. The North London borough has areas such as Holloway and Angel, as its highlights but it is still surprising to see house prices like this. If there’s one thing Angel does have is a pretty high street and very good transport links.
The heatmap spectrum goes from light blue to dark blue with different shades ranking the boroughs. If there’s one common theme about the boroughs is that the outskirts are usually the cheapest areas of the city.