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Up-and-coming areas in London that are perfect for first-time buyers

Are you a first-time buyer who wants good value for your money?

That might seem pretty impossible in London, but thanks to new developments popping up around the capital, it might just be achievable.

Regeneration projects in areas like Thamesmead and Tottenham Hale have opened up swathes of affordable housing, as well as bringing nightlife, shopping and green spaces.

But it’s not just a few neighbourhoods – there are great opportunities to buy in every part of the city.

Read on below to discover what’s on offer.

North

From browsing Camden Market or strolling on Hampstead Heath to enjoying world-class sport at Wembley or simply admiring the views from Alexandra Palace, there’s always something new to do in north London.

It encompasses trendy neighbourhoods, urban villages and leafy suburbs, and attracts arty types, young professionals and families.

Harrow

Although situated on the north-west fringe of London, Harrow and nearby Wealdstone have such good transport connections that journey times into the centre are similar to those from Zone 2.

Both town centres are undergoing major improvements and 5,500 new homes are being built.

Eastman Village was built on the site of the former Kodak factory

Some 2,000 of these are at Eastman Village on the former Kodak factory site, where the first one and two-bed SMRT by Barratt Homes launch on Saturday.

They’re low-priced, compact, packed with space-saving features and all have balconies, from £285,000.

Tottenham

Spurs’ new stadium, which opened in 2019, was the catalyst for regeneration in central Tottenham, and an entire new neighbourhood is shaping up at nearby Tottenham Hale.

Anthology’s latest development Hale Works is close to Walthamstow Village

The station – four stops on the Victoria Line to King’s Cross St Pancras, and one by train to Liverpool Street – is being upgraded and is on the proposed Crossrail 2 route, and more than 2,000 new homes are planned.

Studio, one, two and three-bed apartments at Hale Works in Hale Village, a new community a ten-minute walk from Walthamstow Village, start from £370,000.

West

Chiswick, Richmond and Ealing Broadway have long been popular with well-heeled buyers but much-anticpated Crossrail and large-scale regeneration is opening up West London’s lesser known, and much cheaper, leafy outer suburbs to a younger population as well.

Transport connections are already good, with Piccadilly, Central and District line stations, and fast access to Heathrow.

Southall

Another future beneficiary of Crossrail, Southall is a lively, multi-cultural neighbourhood renowned for its concentration of almost universally good curry houses.

It’s only a couple of miles from Heathrow, a short drive from the M4 and M40 and happens to be one of West London’s biggest opportunity areas, delivering around 6,000 homes.

Residents at Evolution can access landscaped podium gardens (Picture: Network Home Sales/ George Whale)

Among them are one, two and three-bed shared ownership apartments at Evolution, from Network Homes, where residents have access to a private podium courtyard and communal gardens, from £75,000 for a 25% share of £300,000.

South

Greenford

Unless you live locally, you’ll probably find Greenford hard to pinpoint on a map, but it’s surprisingly well-connected – sitting on the Central line and close to the A40.

Greenford Quay, a former industrial site beside the Grand Union Canal, is currently a hive of activity as over 2,100 new homes are being created in a new waterfront neighbourhood complete with shops, restaurants, bars and a primary school.

The Lock is in the desirable neighbourhood of Greenford Quay

One, two and three-bedroom apartments are for sale at Telford Homes’ The Lock at Greenford Quay, part of the same site, from £395,500.

Green space, great schools and friendly communities are just some of the reasons why south Londoners are so passionate about their side of the river.

The Overground, trams and trains more than compensate for the shortage of tube stations and its neighbourhoods offer enough variety to appeal to all types of buyers.

Thamesmead

Built in the late 1960s, Thamesmead’s bleak Brutalist architecture will be familiar to fans of cult film the Clockwork Orange as many scenes were shot there.

Happily, the future’s looking bright as once Crossrail’s up and running, journey times from nearby Abbey Wood to Liverpool Street will be just 17 minutes.

Southmere, a new lakeside village, is part of London’s biggest regeneration project

In London’s single biggest regeneration project, housing association Peabody is revitalising the area and one, two and three-bed homes are for sale in Southmere, a new lakeside village, from £315,000 with Help to Buy.

New Malden

Known as Little Korea as it’s home to the country’s largest Korean community, New Malden is on the eastern side of Kingston upon Thames, which boasts more green space than any other London Borough, plus excellent schools.

It’s less than 25 minutes from Waterloo and still relatively affordable, so get in early before prices rise.

Kingston East has stylish two and-three bed apartments available

Try Kingston East, conveniently positioned within walking distance of the town centre and station and where two and three-bed apartments are for sale.

A cocktail-making masterclass for prospective buyers takes place tomorrow evening, so book to secure your place.

From £437,000 with Help to Buy at £10,000 cashback for reservations by September 19 (via Fairview).

East

Extensive redevelopment, particularly in Stratford, Canary Wharf, Royal Docks and Barking, means that this area has changed considerably over the past 20 years.

Stretching from the City to the edge of Essex, it’s perceived as artistic, independent and hip, so it’s no wonder that creatives and professionals are clamouring to live there.

Dagenham

Not only is this district in London’s cheapest borough to buy in, but it also lays claim to the youngest population.

Extensive growth is planned, and the construction of London’s largest film studio for 25 years is set to lure in a new wave of buyers.

Shared ownership apartments are available at Merrielands

Getting around is easy, either via the District line or c2c trains into Fenchurch Street.

Latimer at Clarion Housing is delivering studio, one, two and three-bed shared ownership apartments at Merrielands, next to a retail park and a seven-minute walk from Dagenham Dock railway station, two-beds from £94,375 for a 25% share of £377,500.

Forest Gate

This community-minded area is definitely one for your watchlist if you’re priced out of Hackney or Walthamstow, as independent businesses such as craft breweries and bakeries are opening and the wilds of Wanstead Flats and local parks are virtually on your doorstep.

Stratford is a four-minute journey, Liverpool Street can be reached in 13 minutes and Crossrail is on its way.

Well-connected Forest Gates has swish new build homes on offer (Picture: Gateway Housing/Tony Mitchell)

The vast majority of housing is Victorian so if you prefer the convenience of a new-build, take a look at Earlham Square, a collection of one, two and three-bed shared ownership apartments in a series of buildings linked by landscaped courtyards.

From £90,000 for a 25% share of £360,000 (via Gateway Housing Association).

 


Credit: Original article published here.

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