18 First-Time Buyer Property Picks For 500k Or Less
With the stamp duty holiday over and the promise of interest rate increases on the way, UK house prices are likely to stabilise in the year ahead. While property prices have risen significantly in recent times, there are still many pockets throughout London offering first-time buyers an opportunity to get onto the property ladder and secure good odds for capital growth.
In addition, now is a great time to make a move as a first-time buyer when it comes to financing. Although interest rates are set to rise, experts predict that these increases will be gradual and allow buyers a window of opportunity to lock in great mortgage deals while rates remain low.
We have handpicked some of our favourite London property listings that are currently on the market for under £500,000. These listings represent some excellent investment opportunities for first-time buyers.
If you would like more information on any of the properties featured below, give us a call on 0207 099 4000 - we're here to help!
1. Salisbury Road, Manor Park, E12 - £500,000
3 Bedrooms, 1 Bathroom
Salisbury Road, Manor Park, E12
£500,000 (Freehold)
This period house features three bedrooms, a family bathroom, and a light-through-lounge with a modern, separate kitchen/diner. There is also a spacious, low-maintenance garden at the rear of the property. This delightful home also boasts plenty of storage and is flooded with natural light.
Location-wise, this property is well-connected. Sitting just off Romford Road, the highly Ofsted-rated Aldersbrook Primary School is nearby, and the Manor Park Station is in close proximity and will soon be part of Crossrail. For more information, please click here.
2. Bridgeway Street, King's Cross, NW1 - £499,950
2 Bedrooms, 1 Bathroom
Bridgeway Street, King's Cross, NW1
£499,950 (Leasehold)
This two-bedroom, one-bathroom apartment is set on the second floor of a beautifully maintained building situated just a short walk from Regent's Canal and a variety of fantastic green spaces.
With a spacious, light-filled reception room, this apartment also offers a well-appointed kitchen with ample surfaces and a modern bathroom with a separate WC. Gas central heating and wooden flooring complete this home, along with the handy use of a well-maintained communal garden.
The proximity to excellent schools and travel connectivity makes this home a desirable choice for young professionals or those wanting to start a family. The Royal Veterinary College, Saint Pancras Hospital, and several Universities close by also make this an excellent investment opportunity. For more information, please click here.
3. Smedley Street, Clapham North, SW4 - £475,000
2 Bedrooms, 1 Bathroom
Smedley Street, Clapham North, SW4
£475,000 (Leasehold)
Within easy access to transport links and local amenities, this fantastic second-floor flat features two double bedrooms, ample storage, and a spacious, bright open-plan living and kitchen space.This flat is well presented and close to the Northern and Victoria Tube lines, with no upward chain. For more information, please click here.
4. Station Approach, Walthamstow, E17 - £440,000
1 Bedroom, 1 Bathroom
Station Approach, Walthamstow, E17
£440,000 (Leasehold)
Set on the eighth floor of a sleek, designer development, this beautifully-appointed one-bedroom apartment features impressive views across London and Walthamstow Central. Boasting a 7.5m lounge diner area finished with wooden flooring, the apartment has been finished to a very high standard and has a balcony large enough for an outdoor dining setting.
There are fantastic views from almost every room, and the enviable location provides easy access to Walthamstow Central Station, street markets, and a variety of pubs, retail, and leisure options. For more information, please click here.
5. New Park Road, Clapham Park, SW2 - £430,000
2 Bedrooms, 1 Bathroom
New Park Road, Clapham Park, SW2
£430,000 (Leasehold)
This well-presented two-bedroom flat is on the second floor of a charming 1930s building. The property features a modern kitchen, a spacious living room with a cosy fireplace, and a private balcony off the master bedroom. There are two double bedrooms with ample storage and an elegant family bathroom.
Located a short stroll from Streatham Hill and Brixton Hill, there is no shortage of retail, bar, and restaurant options, as well as parks and excellent transport links from Streatham Hill and Clapham South. For more information, please click here.
6. Park Hill, Clapham Park, SW4 - £425,000
1 Bedroom, 1 Bathroom
Park Hill, Clapham Park, SW4
£425,000 (Leasehold)
Within a short walking distance from Clapham Common and Abbeville Village, this lovely, first-floor Victorian conversion is spacious with high ceilings, wooden flooring, and large sash windows. With one double bedroom and a newly renovated bathroom, the open-plan kitchen/reception area and hall allow ample space to entertain and live comfortably.
The home is close to a variety of great schools and the Clapham Common underground station. No upward chain. For more information, please click here.
7. De Beauvoir Estate, Hoxton, N1 - £425,000
2 Bedrooms, 1 Bathroom
De Beauvoir Estate, Hoxton, N1
£425,000 (Leasehold)
Set in a tranquil living area close to the canal, this spacious two-bedroom apartment features lots of storage space, a separate kitchen with double-sided bench space, and wooden flooring throughout.
The incredible city views, private balcony, and large living room make for a great entertaining space. The property's location is also ideal, with Haggerston Overground station nearby providing easy access to the City centre. Shoreditch park and Rosemary Gardens also offer lovely green spaces close by. For more information, please click here.
8. Copenhagen Street, Islington, N1 - £425,000
1 Bedroom, 1 Bathroom
Copenhagen Street, Islington, N1
425,000 (Leasehold)
Set in a well-maintained Barnsbury development, this delightful one-bedroom apartment features a spacious living room, separate kitchen, and a sizeable private garden.
The flat has wooden flooring throughout, with high ceilings and large French doors that flood natural light in from the garden.
With close proximity to both Angel and Kings Cross stations, there are a variety of excellent transport connections, as well as nearby Islington and Barnsbury for plenty of retail, pub, and restaurant options. For more information, please click here.
9. Dorville Crescent, Hammersmith, W6 - £415,000
1 Bedroom, 1 Bathroom
Dorville Crescent, Hammersmith, W6
£415,000 (Leasehold)
This newly decorated one-bedroom property is beautifully presented and features large sash windows and a super spacious reception area. This lovely home has a well-appointed kitchen with ample storage and a modern bathroom suite with a tub.
Dorville Crescent features on-street parking and is close to Stamford Brook and Ravenscourt Park tube stations, providing access to the District Line and only a couple of stops from Hammersmith Station that services the Circle, Piccadilly, and Hammersmith City Lines.
Askew Village and Hammersmith's King Street are within walking distance, too, with plenty of amenities and eateries to choose from. For more information, please click here.
10. St. Georges Road, Leyton, E10 - £400,000
3 Bedrooms, 2 Bathrooms
St. Georges Road, Leyton, E10
£400,000 (Freehold)
This refurbished detached house features three bedrooms and a lovely open-plan kitchen/lounge in the highly desirable Francis Road area. There is a modern bathroom, separate shower room, rear garden, and gated front garden.
There are a variety of popular green spaces close by, including children's playgrounds and parks to relax in. Lots of regeneration has brought about many benefits for the borough, especially since the Olympics, and there is something to cater to everyone's tastes. For more information, please click here.
11. Severus Road, Battersea, SW11 - £385,000
1 Bedroom, 1 Bathroom
Severus Road, Battersea, SW11
£385,000 (Share of Freehold)
This beautiful Victorian conversion building is close to Clapham Junction and is moments away from a variety of restaurants, shops, and amenities at Northcote Road and St John's Road.
The flat is on the first floor and features one large, double bedroom, period sash windows, a bright reception room, a galley kitchen, and a renovated bathroom with a shower/bath combo. For more information, please click here.
12. Hawarden Road, Walthamstow, E17 - £375,000
1 Bedroom, 1 Bathroom
Hawarden Road, Walthamstow, E17
£375,000 (Leasehold)
Conveniently located between Blackhorse Road and St James Street stations, this one-bedroom flat is also just a short stroll from the beautiful Walthamstow canals and marshes. The flat features a bright lounge with spacious high ceilings and a lovely bay window. The double bedroom faces the rear of the property with a view of the shared back garden.
St James Street offers a variety of cafes and sits at the top of the famous Walthamstow markets. The flat is set on a quiet tree-lined street with excellent connectivity to transport options and amenities, making it an excellent investment opportunity, particularly for first-time buyers. For more information, please click here.
13. Upland Road, Dulwich, SE22 - £350,000
1 Bedroom, 1 Bathroom
Upland Road, Dulwich, SE22
£350,000 (Leasehold)
Set in a charming detached period building, this one-bedroom property features its own private entrance and a spacious reception room filled with natural light. The double bedroom is light and offers ample storage, and the kitchen is separate and bright.
Upland Road is close to an attractive variety of East Dulwich amenities, and a short walk from Dulwich Park. Transport-wise, Forest Hill station, North and East Dulwich Overground stations are all within 10 minutes. There are also golf, rugby, and cricket clubs in close proximity for sports enthusiasts. For more information, please click here.
14. Battersea Rise, Battersea, SW11 - £350,000
1 Bedroom, 1 Bathroom
Battersea Rise, Battersea, SW11
£350,000 (Leasehold)
With a bright reception area, a private balcony, and a separate modern kitchen, this one-bedroom top-floor flat features private outdoor space and room for dining.Plenty of recreation and walking options are under a mile away at Clapham Common, and the Clapham Junction Station is just 0.3 miles away, providing easy access to transport links across London, including the City centre. For more information, please click here.
15. Abbey Road, Barking, IG11 - £350,000
2 Bedrooms, 2 Bathrooms
Abbey Road, Barking, IG11
£350,000 (Leasehold)
This impressive riverside apartment features two double bedrooms, a well-appointed, open-plan kitchen, an ensuite, and a separate family bathroom. The large private balcony boasts fantastic views, and the property is in excellent condition.
Close to Barking town centre and the historic Barking Abbey site, there are plenty of shopping, market, and leisure options available, as well as access to mainline stations of Barking and East Ham. For more information, please click here.
16. Victoria Avenue, East Ham, E6 - £325,000
1 Bedroom, 1 Bathroom
Victoria Avenue, East Ham, E6
£325,000 (Leasehold)
This wonderful one-bedroom property sits on the ground floor of a beautiful period conversion building. It features a spacious reception room and a modern kitchen/diner. The double bedroom is also generous, and the family bathroom is in lovely condition. There is also a large, private low-maintenance garden to the rear with a basement and ample storage.
Transportation options include Upton Park and East Ham underground stations for the District, Hammersmith and City Lines, and excellent bus services. There are also a variety of shopping and recreational amenities locally, as well as Priory Park for outdoor pursuits. For more information, please click here.
Related: Where To Buy In London In 2022
17. High Road Leyton, Stratford, E15 - £250,000
2 Bedrooms, 1 Bathroom
High Road Leyton, Stratford, E15
£250,000 (Leasehold)
This first-floor, two-bedroom Victorian conversion is located within walking distance from Leyton High Road Tube and Westfield shopping centre.
The property features a modern kitchen, reception room, a single and double bedroom, and a modern bathroom. This up-and-coming growth spot still benefits from the 'Olympic effect' and represents a fantastic opportunity for investors and first-time buyers. Leyton Station Central Line is within walking distance, while Stratford boasts a variety of retail, pubs, and bars. For more information, please click here.
18. Regarth Avenue, Romford, RM1 - £120,000
1 Bedroom, 1 Bathroom
Regarth Avenue, Romford, RM1
£120,000 (Freehold)
This gorgeous gated retirement flat features one large double bedroom and bathroom, an open-plan kitchen, and a large, bright reception room. There are also lovely communal gardens at the front and rear, as well as a separate communal lounge, and an onsite manager.
The buzz of Romford High Street is close by, with access to plenty of retail and eating options, and the station is also close by for excellent transport connectivity. For more information, please click here.
Thinking of buying a property for the first time?
If you need further information on any of these properties, or you can't quite find what you are looking for, we would love to help. Contact us here at Portico on 020 7099 4000.
You can also get a free online property or rental valuation by clicking here.
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