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10 First-Time Buyer Hotspots and Properties

February 22, 2017

When it comes to property, for today’s young Londoners, price is the most important factor. An affordable price tag is closely followed by transport links - as after all, who wouldn’t want a quick and easy commute?

With that in mind, we’ve asked our resident property guru, Mark Lawrinson, for 10 first-time buyer hotspots, and pulled together some perfect first homes or investments. Prices in some of the most popular areas fall below £250,000 - so if you’re interested in a property, you’ve got to be quick off the mark!

 1. Walthamstow

Walthamstow is a vibrant and buzzing postcode that is rapidly redeveloping. Trendy cafes and independent shops are popping up all over the place, and first-time buyers are flocking to this part of Zone 3 conveniently located at the end of the Victoria line.

Property here is excellent value for money, with the average flat costing around £300,000.

1 bedroom, 1 bathroom | Cornwallis Road, Walthamstow, E17

£350,000 (Leasehold)

View more properties for sale in Walthamstow.

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Give us a call on 020 8520 5255 to arrange a viewing.

2. Peckham

The fictional home of Del Boy and Rodney Trotter is now a hipster paradise, with roof-top bars on top of multi-storey car parks, anti-chain restaurants and affordable property.  

The average price for a 1 bedroom property stands at a reasonable £350,000 - though you could secure an ex-council home for around the £250k mark.

2 bedrooms, 1 bathroom | Melon Road, Peckham, SE15

£330,000 (Leasehold)

View more properties for sale in the Peckham area.

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Give us a call on 020 8299 6066 to arrange a viewing.

3. Finsbury Park

With property prices in London at an all-time high, we’re seeing a lot of first-time buyers turn away from the more expensive enclaves of London - like central Islington - in favour of cheaper yet well-connected postcodes like Finsbury Park. It’s just a couple of stops from King’s Cross, so ideal for commuters too.

In fact, there are a lot of good-value pockets of north London that are attracting first-time buyers -  Holloway, Caledonian Road and Stoke Newington are all popular hotspots.

1 bedroom, 1 bathroom | Drayton Park, Highbury, N5

£510,000 (Leasehold)

View more properties for sale in Highbury.  

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Give us a call on 020 7288 9440 to arrange a viewing.

4. Wandsworth

Average house prices in the Battersea area are high compared with other parts of the capital. It’ll set you back around £485,000 for a 1 bedroom property - but that doesn’t stop Wandsworth in Battersea being an extremely desirable place to call home.

The average age of a first time buyer in London is edging toward 40, and that fits the demographic of Nappy Valley to a T - young professionals in their thirties looking for 2 bedroom properties, great schools, a middle class feel, open space and fantastic amenities.

2 bedrooms, 2 bathrooms | Strathblaine Road, Battersea, SW11

£750,000 (Share of Freehold)

View more properties for sale in Battersea.

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Give us a call on 020 7738 1538 to arrange a viewing.

5. Bethnal Green

Buyers in great numbers are heading to Bethnal Green, in search of warehouse conversions, quirky property and a young, trendy vibe. This east London area is also popular with investors and landlords, as rental yields are high (around 5.3% near Bethnal Green station), and demand from tenants is strong.

3 bedrooms, 1 bathroom | Digby Street, Bethnal Green, E2

£550,000 (Leasehold)

View more properties for sale in Bethnal Green

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Give us a call on 020 7729 5222 to arrange a viewing.

6. Acton / Ealing

Crossrail will soon be launching in Acton, making it an excellent choice for young first-time buyers who are working in the City or West End.

As well as an imminent transport upgrade, W3 offers period property and a quaint village feel - ideal for those thinking of starting a family. We love the string of healthy brunch spots, bakeries and traditional pubs on lively Churchfield Road.

2 bedrooms, 1 bathroom | Horn Lane, Acton, W3

£525,000 (Share of Freehold)

View more properties for sale in Acton.

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Give us a call on 020 8993 6767 to arrange a viewing.

7. Stoke Newington

“Stokey”, as locals affectionately call it, has come on leaps and bounds in terms of regeneration in the last five years - with a large number of new apartments popping up to accommodate growing demand.

First time buyers are attracted by the Victorian property stock, the arty, creative vibe and the village feel. There’s a farmers’ market on the High Street on the weekend, and shops are brimming with indie labels and vintage goods.

2 bedrooms, 1 bathroom | King Henrys Walk, Dalston, N1

£575,000 (Leasehold)

View more properties for sale in the Highbury area.  

View more properties to rent in the Highbury area.

Give us a call on 020 7288 9440 to arrange a viewing.

8. Leytonstone

If you’re looking for a fantastic investment, this rare period house - a short walk from Leyton Central Line Tube - will not disappoint.

Still revelling from the ‘Olympic effect’, we expect property prices in affordable Leyton to continue to rise this year, so this property could get a big boost from both cosmetic renovation and capital growth.

4 bedrooms, 1 bathroom | Buckland Road, Leyton, E10

£550,000 (Freehold)

View more properties for sale in Leyton.  

View more properties to rent in Leyton.

Give us a call on 020 8539 3650 to arrange a viewing.

9. Tottenham

Instant ValuationCrossrail has powered Tottenham’s popularity and regeneration, transforming the area into an up-and-coming hotspot.  

And with journey times of just 15 minutes into central London, the area is slowly becoming a firm favourite with those looking for value and space for their money.

10. Ilford

Ilford is one of the best-value areas in London, and though property prices have been rising since the announcement of Crossrail, the average price of a two bedroom property in the area is still an extremely reasonable £280,000.

Better still, buyers looking in this part of east London can jump straight into a house rather than buy a flat. A great investment hotspot.

1 bedroom, 1 bathroom | Northbrook Road, Cranbrook, IG1

£220,000 (Leasehold)

View more properties for sale in Ilford.

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Give us a call on 020 7288 9440 to arrange a viewing.

Click here to view all our current available properties! Or give us a call on 0207 099 4000 if you'd like us to help you with your search.

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