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Top Ten London Properties For Sale Under 500k

May 26, 2021

30th June 2021, first-time buyers purchasing a property under the half a million mark will not have to pay any stamp duty tax on the first £500,000. This translates into a saving of up to £15,000.

Then, from the 30th June to the end of September, there is a staggered return to the old stamp duty rates. During this window, homebuyers will not have to pay any stamp duty on the first £250,000 of the purchase price.

If it’s not your first home you’re buying or if you’re a landlord, you can make the most of the stamp duty holiday too - but you will still have to pay the extra 3% of stamp duty as per the previous rules.

So, if you’re looking for a London property, you have an excellent opportunity to jump on this and make a considerable saving. Here, we’ve rounded up 10 London properties for sale under £500k for you to consider.

1. Stoke Newington, £500,000

Surrounded by multiple transport links, this bright double bedroom is set in a luxury building development and features modern interiors and a private balcony. Within walking distance to all the amenities that Newington Green has to offer, too. Open viewing Saturday 29th May!


1 Bedroom, 1 Bathroom

Aden Grove,

Stoke Newington, N16

£500,000 (Leasehold)

View property details.

View more properties for sale under £500,000 in North London.

2. Fulham, £485,000

In a highly sought-after road in Fulham Park Gardens, this spacious one bedroom flat in an attractive Victorian building is minutes away from Putney Bridge Underground Station. It’s close to the amenities of Fulham Road and comes with the Share of Freehold and a long remaining lease - perfect for a first-time home!


1 Bedroom, 1 Bathroom

Fulham Park Gardens,

Fulham, SW6

£485,000

(Share of Freehold) 

View property details.

View more properties for sale under £500,000 in West London.

3. Woodford, £475,000

Converted chapels are particularly charming and this two bedroom apartment is no exception. Newly renovated and spacious, the apartment sits at the back of the building for added peace and quiet. Only a few stops on the central line and you’re in Central London! With excellent local schools and amenities, this would make a great first home or investment property.


2 Bedrooms, 2 Bathrooms

High Road,

Woodford Green, IG8

£475,000 (Leasehold)

View property details.

Read More: Where to buy property in London in 2021

4. Highbury, £450,000

Retaining its late-modernist grandeur, the old Arsenal stadium has been developed into bright, modern apartments, perfect for those wishing to escape the hustle and bustle of Central London while remaining within easy reach. Close to transport links and with private outdoor space, this is perfect for first-time buyers or investors.


1 Bedroom, 1 Bathroom

Highbury Stadium Square,

Highbury, N5

£450,000 (Leasehold)

View property details.

5. Chigwell, £500,000

With a charming, low maintenance back garden, this two bedroom property is within walking distance to schools and excellent local amenities. It’s also well connected, with easy access to the M25, M11 and Chigwell Underground Station. This fantastic house is in a vibrant area with the potential to expand (STPP).


2 Bedrooms, 1 Bathroom

Brunel Road,

Chigwell, IG8

£500,000 (Freehold)

View property details.

6. Southfields, £450,000

Close to King George’s Park, this two bedroom ground floor flat features modern interiors, a patio area and access to well-maintained communal gardens. Walking distance to both Southfields and East Putney Underground stations, too!

2 Bedrooms, 1 Bathroom

Limes Gardens,

Southfields, SW18

£450,000 (Leasehold)

View property details.

7. Clapham Park, £425,000

Close to Abbeville Village and Clapham Common, this beautiful Victorian conversion is close to superb transport links and a great selection of shops, bars and eateries. Great schools nearby and offered for sale with no upward chain - well worth a look for first-time buyers!


1 Bedroom, 1 Bathroom

Park Hill,

Clapham Park, SW4

£425,000 (Leasehold)

View property details.

View more properties for sale under £500,000 in South London.

8. Buckhurst Hill, £450,000

A gated luxury development and stylish interiors set this spacious two bedroom apartment apart from the rest! Buckhurst Hill boasts its own Central line station and the property is only a short walk to a mix of bars, restaurants and shops. With an abundance of space and communal grounds, this is gated living at its best.


2 Bedrooms, 2 Bathrooms

Epping New Road,

Buckhurst Hill, IG9

£450,000 (Leasehold)

View property details.


9. Covent Garden, £395,000

A newly refurbished top floor flat, this property lies in a beautiful Victorian building full of character, and features good-sized living space and use of a communal roof terrace. Excellent transport links and enviable location make this the perfect property with which to make the most of the current Stamp Duty holiday!


Studio, 1 Bathroom

Coptic Street,

Covent Garden, WC1A

£395,000 (Share of Freehold)

View property details.


10. Clapham, £365,000

This lovely top floor one bedroom flat is in a French Renaissance style building set within a conservation area. Close to Clapham North Underground station and the varied amenities of Clapham High Street, this little gem is hard to beat! Offered with no onward chain, too!


1 Bedroom, 1 Bathroom

Clapham Road,

Clapham North, SW9

£345,000 (Leasehold)

View property details.

Help for first-time buyers

Over the last year, the number of mortgage products that only require a 10% deposit have increased significantly, making it much easier for first-time buyers with limited funds to enter the property market. Between that and the extended Stamp Duty holiday, there is still time to maximise your opportunities to get on the property ladder without breaking the bank.

The option for 5% mortgages isn’t impossible to find, but much harder. That’s why it's best to speak with a qualified mortgage broker to help you in your search, like the ones at Portico Finance.

95% mortgages are currently being guaranteed by a government scheme to help get them over the line, so you may be in luck.

A 95% mortgage under the government scheme basically means that the lender can rest easier when lending you 95% of a property purchase price, as the government is essentially insuring them for the risk of you defaulting. This guarantee only protects the lender, but nevertheless may be the break you need to become a homeowner.

Then there is the Help to Buy scheme, which is split into two parts. Firstly, there is the equity loan part of the scheme. This is available to first-time buyers wanting to purchase a new-build property, in which case, you put 5% down and the government lends you a further 20% of the property price, which is interest-free for the first five years. If you are buying in London, they will lend you 40%. This scheme ends in 2023.

Secondly, there is the Help to Buy ISA. This Individual Savings Account allows first-time buyers to save up to £1,200 initially, then up to £200 a month, and the government will contribute a further 25% to whatever you have invested. Unfortunately, these accounts are now closed to new savers, but if you already have one, you can keep contributing to it until 2029.

View properties for sale under £500,000 in Leyton.

Read More: Changes To Shared Ownership Scheme For First-time Buyers

Get in touch

If you are a first-time buyer eager to get onto the property ladder, view our wide range of London properties for sale, or give us a call. You can reach us on 020 7099 4000 and find out how we can help you with your search. !

If you’re planning on making the most of the stamp duty cut, our Head of Sales Progression, Sean Darlow, has written a handy blog on how to beat the deadline which you can read here.

If you have any questions about 95% mortgages, you can also connect with our mortgage experts at Portico Finance! Get in touch on finance@portico.com or 07824 353803.!

You may be considering selling your property while the market is hot! Even if you are just curious - our online property valuation tool can give you an instant estimate in just 60 seconds.


We already know how much your rental property is worth. Type your postcode to find out and get an online valuation within 60 seconds.

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