Affordable housing options in London's most exclusive neighbourhoods

Convinced that the neighbourhood you’d love to live in is beyond your budget?

It is true that would-be buyers are unlikely to be jumping for joy at the news that London has experienced the lowest annual house price growth out of England’s nine regions, as it remains far more expensive than anywhere else in the country.

The latest Land Registry figures show that the average home in the capital changed hands for £494,673, compared with the England average of £270,973, and you’ll find yourself paying a hefty premium to live in the trendiest, most central locations.

But if you do have your heart set on living in a particular area, the availability of Help To Buy or shared ownership might just mean you won’t have to compromise to find a home within your budget.

Canary Wharf

There’s more to this waterfront neighbourhood than big buildings and big business — namely more than 300 shops, bars and restaurants, and a busy calendar of events.

Residents who are back in the office certainly appreciate the minimal bed-to-desk commute, and many homes enjoy amazing views, though they don’t come cheap — with an average price of £631,672.

Affordable property options in London

Dock East, from £391,500

Help To Buy is offered on some of these roomy studio, one, two and three-bed apartments, located by the docks of Canary Wharf. Many feature balconies facing the water while a concierge service, private terrace and secure bike storage are among the amenities.

residential.jll.co.uk and savills.co.uk

Dockside at Millharbour, from £121,250 for 25% of £485,000

The centre of Canary Wharf is a short stroll from these one and two-bed shared ownership apartments, all with balconies providing scenic skyline views.

The high spec extends to integrated Smeg kitchen appliances and air-conditioning in living rooms and bedrooms.

nhgsales.com

Shoreditch

The original hipster central, this Zone 1 area has a charm all of its own, and an average house price of £742,362.

Few places can rival it for eclecticism and energy: attractions include Brick Lane, Columbia Road and London’s first Boxpark as well as numerous pubs, clubs and other hangouts — and it’s within walking distance of the City.

The Makers, £595,000

Tucked away behind City Road, this development includes a gym, screening and treatment rooms.

The final apartment available with Help to Buy consists of a large studio room, a kitchen fitted with Smeg and Bosch appliances, a bathroom and tons of storage.

residential.jll.co.uk

212 Hackney Road, from £135,000 for a 25% share of £540,000

One and two-bed shared ownership apartments in the architecturally striking HKR Hoxton building.

Many include private outside space, and residents have use of a pavilion, two terraces, a concierge, gym and screening room.

gatewayhousing.org.uk

Muswell Hill

Life in this urban village is based around the bustling Broadway, packed with food and other useful shops, boutiques, cafes and restaurants.

The excellent schools and copious amounts of green space enhance its appeal, and the average house price is £936,168. There’s no Tube, although Highgate and East Finchley are a short bus hop away.

The Stables, from £440,000

Just a handful of one-bed apartments, offered with Help to Buy, are left in this small mews development just off the Broadway.

Light and airy throughout, each has spacious open-plan kitchen/living/dining room, a hotel-style bathroom and extensive storage.

barnardmarcus.co.uk

The Folium, from £167,000 for a 40% share of £417,500

Finished to a high standard, these one and two-bedroom shared ownership apartments come with stone worktops and integrated appliances in the fully fitted kitchens, floor-to-ceiling bedroom wardrobes and underfloor heating throughout.

A new show home is now open.

catalyst.homes

Battersea

Convenience for Chelsea and the West End, along with its park, bars and eateries and transport connections, mean that Battersea is highly sought after — which is reflected in its average property price of £868,018.

The redevelopment of the Power Station and the opening of its new North Line extension are set to further boost its desirability.

Chatfield Road, from £480,000

Each of the one and two-bed apartments in this boutique development is available with Help to Buy, and includes a generously sized balcony opening out from the all-in-one kitchen/living/dining room.

The upper floors look out across London.

kfh.co.uk

Windsor Apartments, from £150,000 for 25% of £600,000

Moments from Battersea Park and a short walk from Battersea Power Station and the Thames, these one and two-bed shared ownership apartments are arranged around gorgeous gardens and have a balcony or terrace.

Buyers get a year’s free car club membership. too.

windsor-apartments-sw11.co.uk

Brixton

Even after gentrification, this multi-cultural area hasn’t lost its edge, and demand has pushed the average house price to £669,325.

It’s loved for its community spirit, music scene and nightlife and has become a foodie hotspot, serving up cuisines from all over the globe. The Victoria line gets you to the West End in 15 minutes.

237 Brixton Hill, £450,000

Buyers here are impressed by the state-of-the-art, sustainable technology, such as the Wondrwall home automation system which adapts heating, lighting and security according to their routines, and Covid-safe air filtration. Only a single one-bed apartment is left, offering Help to Buy.

acornpropertygroup.org

Electric Quarter, from £106,250 for 25% of £425,000

These one and two-bed shared ownership homes are close to the heart of the action, and only a ten-minute walk from the Tube station.

Integrated appliances and fitted wardrobes come as standard, and there’s a lift and on-site play areas.

guinnesshomes.co.uk

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