Landlords & investors

An analysis of the most recent data published by the Office for National Statistics (ONS) has revealed the top 10 areas in London where average house prices have increased the most since 2013. These under-rated Boroughs in East and South London have witnessed the highest growth, giving property investors maximum return on their investment.

1. Waltham Forest

Waltham Forest is an attractive area for property investors, experiencing a remarkable 119% increase in average house prices over the last decade. With average house prices rising from £235,210 in 2013 to £515,320 in 2023, investors have benefited from substantial appreciation. Located in North East London, Waltham Forest offers a diverse range of amenities, excellent transport links, and a thriving community, making it a promising investment.

2. Barking and Dagenham

Barking and Dagenham presents a lucrative opportunity for property investors with an impressive 113% appreciation in average house prices over the last decade. From an average house price of £167,410 in 2013, it has soared to £356,960 in 2023. Situated in East London, Barking and Dagenham offers a diverse community, excellent transport links, and ongoing regeneration projects, making it an exciting prospect for investors.

3. Newham

Newham is an appealing choice for property investors, boasting a remarkable 100% appreciation in average house prices over the last decade. With the average house price soaring from £214,080 in 2013 to £429,230 in 2023, it benefits from a thriving property market. Situated in East London, Newham offers diverse neighbourhoods, excellent transport links and attractions such as the Olympic Park, making it an attractive investment opportunity.

4. Bexley

Bexley presents a promising opportunity for property investors with a notable 96% appreciation in average house prices over the last decade. The area has seen prices rise from an average of £207,250 in 2013 to £406,280 in 2023. Located in South East London, Bexley offers a mix of suburban charm, green spaces, and good transport connections, making it an attractive prospect for investors seeking long-term growth potential.

5. Havering

Havering proves to be an appealing choice for property investors, showcasing a substantial 96% appreciation in average house prices over the last decade. With average prices rising from £223,110 in 2013 to £437,070 in 2023, this East London borough offers a blend of suburban tranquillity, green spaces, and convenient access to transport links, making it an attractive prospect for long-term investment.

6. Croydon

With an impressive 92% appreciation in average house prices over the last decade, Croydon is an exciting area for property investors. Average house prices have risen from £225,660 in 2013 to £433,340 in 2023. This South London Borough boasts excellent transport links, a range of amenities, and the ambitious regeneration of Croydon's cultural quarter, making it an area with great potential for future growth.

7. Lewisham

Lewisham has seen a remarkable 90% appreciation in average house prices over the last decade. With average prices rising from £245,170 in 2013 to £465,350 in 2023, this vibrant South East London Borough offers a perfect blend of urban amenities, beautiful green spaces like Lewisham Park, and excellent connectivity to the city centre.

8. City of London

The City of London, the historic financial district and business hub, offers a compelling opportunity for property investors with an impressive 89% appreciation in average house prices over the last decade. With prices soaring from £492,810 in 2013 to £931,090 in 2023, this prestigious area boasts world-class amenities, iconic landmarks such as the Tower of London, and a unique blend of historic and modern architecture.

9. Hackney

Hackney has emerged as a prime location for property investors, witnessing a remarkable 86% increase in average house prices over the last decade. With average house prices rising from £344,670 in 2013 to £642,700 in 2023, Hackney offers a vibrant community, trendy neighbourhoods such as Shoreditch, and a thriving arts and cultural scene, making it a highly sought-after area for investment.

10. Greenwich

Greenwich presents a lucrative opportunity for property investors with an impressive 84% increase in average house prices over the last decade. Rising from £241,610 in 2013 to £444,350 in 2023, this historic area offers a blend of traditional charm and modern amenities. Notably, Greenwich is home to the Prime Meridian and the iconic Greenwich Park, providing residents with a unique cultural and recreational experience.

The emergence of East London as a property haven

In the last decade, East London has experienced a significant surge in property prices due to various factors. These include the impact of the Olympics and transport improvements, affordability of properties and broader market trends that have seen price increases across different Boroughs. Demand from first-time buyers in previously overlooked areas, coupled with improved transport infrastructure, has attracted corporate investment and revitalized local economies. Lower interest rates have stimulated activity in mortgage-dependent markets, while development projects and government schemes, like Help to Buy, have contributed to the overall price growth. Overall, East London presents an attractive prospect for property investors, given the combination of these contributing factors. For more information on house prices in London and local market trends in different Boroughs, please get in touch.

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Recent data has revealed a significant doubling of house prices in several East London Boroughs over the last decade. This surge in prices can be attributed to large scale regeneration and transportat enhancements such as Elizabeth Line (Crossrail) that have fundamentally reshaped London's property market. An analysis of the most recent data published by the ...