Ten Zone 1 homes for sale under £1 million — from the Barbican to Morrell’s Yard

Property price tags in London are all too often prohibitively expensive, let alone in travel Zone 1.

According to new data from Hamptons, buyers tempted by the ultimate in urban living now need to stump up an average of £1,536,970 for a flat and £4,484,720 for a house.

While flats made up nearly nine in 10 sales last year, a nine per cent rise in flat prices represents more subdued growth than the 14 per cent increase in the cost of a house. The price tag of a Zone 1 flat may have crossed the £1.5 million barrier for the second time, but they are selling for less on average than their 2017 peak.

Although a long way off being considered ‘cheap’, there are still properties to be found without wading into seven figures.

We’ve rounded up 10 of the best on the market now, from a large studio in a lesser-known Barbican block to a four-bedroom Georgian terrace in Clerkenwell.

Bayswater, W2

£865,000

Gloucester Terrace, W2 (Knight Frank)

This well-proportioned one-bedroom flat is situated on the top floor of a smart period building near Paddington station. It has a wide hallway and a full wall of fitted wardrobes.

Knight Frank, 020 3869 4758

Clerkenwell, EC1V

£995,000

Wynyatt Street, EC1V (Hurford Salvi Carr)

A charming four-bedroom terraced house in the New River conservation area, with patio garden and a wealth of period features. Believed to date back to the 1790s, it’s Grade II-listed.

Hurford Salvi Carr, 020 7250 4951

Pimlico, SW1V

£600,000

St George’s Square, SW1V (Marsh & Parsons)

A one-bedroom flat in a Thomas Cubbitt-designed garden square, minutes from Pimlico tube and the Thames. There is access to the portico balcony from both the bedroom and the lounge.

Marsh & Parsons, 020 8115 4286

Barbican, EC2Y

£495,000

John Trundle Court, EC2Y (Hamilton Brooks)

This good-size ‘F2A’ type studio with underfloor heating is in John Trundle Court, overlooking the Barbican’s quiet Beech Gardens. It’s something of a blank slate for a would-be renovator.

Hamilton Brooks, 020 7606 8000

Southwark, SE1

£825,000

Union Street, SE1 (Hamptons)

This beautifully renovated flat has more than 1,000 square feet of floor area, and one of two bedrooms tucked away in an unusual eaves space. It also has a separate kitchen and two reception rooms.

Hamptons, 020 3369 4395

Kennington, SE11

£595,000

Morrell’s Yard, SE11 (Winkworth)

A two-bedroom apartment in the distinctive Morrell’s Yard, which was nominated for design awards in 2006 by RIBA, Grand Designs and the Evening Standard. It has a sensible layout and a share of the freehold.

Winkworth, 020 7587 0600

Westminster, SW1P

£997,500

Smith Square, SW1P (Dexters)

This bright third floor one-bedroom flat, set within a 1930s building on leafy Smith Square, offers striking views of St John’s Church and swift access to the Thames.

Dexters, 020 7590 9570

Connaught Village, W2

£895,000

St George's Fields, W2 (Chestertons)

A spacious maisonette in this 1970s, ziggurat-style modernist block with two bedrooms, underground parking and large decked patio overlooking communal grounds. Share of the freehold.

Chestertons, 020 7298 5900

Old Street, EC1V

£985,000

Paton Street, EC1V (Scott City)

This three-storey house is tucked away on a quiet cul de sac between Old Street and Clerkenwell. It has four bedrooms and a secluded garden – plus it’s offered chain-free.

Scott City, 020 7600 0026

Baker Street, NW1

£500,000

Baker Street, NW1 (Foxtons)

A neutral one-bedroom flat in Art Deco apartment block Dorset House, with unusual triple-aspect living area. Baker Street and Marylebone stations are within striking distance.