London property: What £500,000 can get you in the cheapest and most expensive boroughs

The London property market is expensive – that’s something we can all agree on – but, with a little bit of shopping around, it’s possible to find your dream home in the greatest city in the world. Within the capital, there is a sliding scale of the size you can expect for a certain price, depending on how in demand the area is. Predictably, the most expensive borough is Kensington and Chelsea with an average property price a whopping £1,158,600.

The cheapest borough according to property price is Barking and Dagenham where you can find the average price tag is £317,700. With those prices in mind, MyLondon trawled through RightMove to see what a house-hunter can get for £500,000 in the cheapest and most expensive boroughs.

The difference comes down to the amount of rooms. In Barking and Dagenham, you can easily find a three or four-bed property with a beautiful garden. Meanwhile, in Kensington and Chelsea, you’re looking at a two-bed apartment for the same price. Have a peak inside these homes and let us know which one you would prefer.

READ MORE: London property: The unlikely parts of Walthamstow named the best places to live according to an estate agent

Lennox Gardens

RightMove describes the West London property as: “A spacious and elegant two bedroom apartment located in an attractive red brick building in Lennox Gardens, a sought after address close to the many amenities of Beauchamp Place and Sloane Square.”

Ladbroke Grove


For £500, you can get a great apartment in a fantastic location. According to RightMove: “The property is close to the many amenities of Ladbroke Grove, Portobello and the ever trendy Golborne road. Ladbroke Grove station is a short walk away as well as many other transport links to take you all over London.”



The listing describes the property as: “Situated in arguably one of the most desirable roads in the Rush Green area we are pleased to present this lovely three bedroom semi detached bungalow.

“Perfect location for schools, local parks, shops and easy access to Romford town centre and Romford train station approx. 20 mins walk.”

Roycraft Avenue


For £500,000, you can find a spacious home in Barking. RightMove described the area: “Being over on the Thames view estate is a great place to live, it’s an ideal location for transport links with the A13 and A406 are only a few minutes’ drive away, bus links are frequent and take you to Barking town centre, where you can catch the district, Hammersmith and City lines and also the C2C over ground into London or out into the county.”

Mayswood Gardens


The listing for this home states: “Located in one of Dagenham’s ‘Premier Locations’ and within a 5 minute walk of Dagenham East District Line Tube Station, is this extended, three double bedroom, semi-detached bungalow.”

Read on to take a peak inside these homes – you could find your next property investment. Let us know which house you prefer in the comments.

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