WHERE TO BUY A ONE-BEDROOM FLAT FOR LESS THAN £200,000
The results with this test were impressive. In seconds it found 13 areas less than an hour’s commute from Soho Square, in places where one-bedroom flats have an average asking price under £200,000. The cheapest was Dagenham, 11 miles from Charing Cross in the large, multicultural borough of Barking where a one-bedroom flat costs an average of £185,000. For this, you get a home on the Tube, in Zone 5 on the District line.
For those with an eye to the future, Rightmove says look at Chadwell Heath, a relatively affluent suburb in the east London borough of Redbridge. Not only does it offer flats with an average asking price of £190,000, it is just a 21-minute commute to London Liverpool Street and will also get Crossrail. When the Elizabeth line fully opens in December 2019, passengers will be able to travel to central London in 30 minutes and Heathrow airport in less than an hour, without changing trains.
If your budget won’t quite stretch that far and you’re willing to commute that bit further, consider Harlow, a former new town west of Essex on the border of Hertfordshire. Here a onebedroom flat has an average asking price of £154,000. For this relatively modest amount, you can zip into London Liverpool Street in a little over 30 minutes, with six trains an hour at peak times.
WHERE TO BUY A THREEBEDROOM HOUSE FOR LESS THAN YOUR LONDON FLAT
Once you have kids, a dog, or just a lot of stuff, you need to upsize your London pad. Doing this, Rightmove shows, means stepping up from an average flat in the capital, priced £508,000, to an average terrace house, at £638,000 — a whopping £130,000 more.
Swap your commute from one train or Tube to another, and you can swap your flat for a house, gain extra room and potentially a huge dollop of change, too. Again, Rightmove’s “Where can I live?” tool provides several commuter areas where you could buy a three-bedroom home under £350,000.
Stevenage, 32 miles north of London in Hertfordshire, was a new town 70 years ago. With an average asking price of £280,000 it is a good place to start. With a 30-minute average commute and more than 144 trains a day to King’s Cross, you’ll be back in central London
Get the balance right: you’ve accumulated kids, a dog and an awful lot of “stuff”, so you’ll need more space. The new tool from Rightmove helps you to identify houses in your price range within an acceptable commute of your work address