The price of a central London flat has barely changed since 2016, according to recent data from property portal Zoopla.
Flats in London’s innermost boroughs — namely Camden, Greenwich, Hackney, Hammersmith and Fulham, Islington, Kensington and Chelsea, Lambeth, Lewisham, Southwark, Tower Hamlets, Wandsworth and Westminster — command an average price tag of £471,975, almost exactly the same as they did seven years ago.
But in ‘real terms’ the figure represents a significant fall of 24 per cent.
Suggestions that such flats — many of which have no access to outdoor space — represent a relative bargain compared to central houses or homes outside of London fail to consider why they are being given the cold shoulder.
Suspect there’s still better value to be found on the fringes? We’ve selected a range of attractive Zone 3 homes priced less than the inner flat average, all with access to private or communal gardens.
Park Royal, NW10
£420,000
Surrounded by smart communal gardens, this low-rise block is tucked away in a quiet cul-de-sac close to Hanger Lane tube station and the A40. For sale is this two-bedroom flat on the first floor, with underfloor heating and a private garage.
Barnard Marcus, 020 8579 5050
Crystal Palace, SE19
£425,000
A large south-facing terrace is the star of this one-bedroom apartment on the top floor of an Austin Vernon-designed block on the Dulwich Estate. The interiors strike a wise balance between the mid-century and modern, and the kitchen has been recently refurbished.
The Modern House, 020 3795 5920
Tottenham, N17
£450,000
Sandwiched between Bruce Castle Park and Lordship Recreation Ground, this terraced house is a classic two up, two down with solid wood floors and a good-size garden. There are two overground stations within walking distance, too.
Foxtons, 020 3841 4350
Walthamstow, E17
£435,000
An airy one-bedroom apartment on the ground floor of a period conversion minutes from St James Street overground station and Walthamstow Wetlands. There are bonus points for the attractive, 90 square foot studio at the end of the garden.
The Stow Brothers, 020 3397 9797
Blackheath, SE13
£435,000
Part of a wider renovation of a gated historical site, this newly refurbed 19th century almshouse features an original fireplace and wood paneling. Organised around a smart square of lawn, each cottage has a small private courtyard.
Hamptons, 020 3151 7346
Forest Hill, SE23
£465,000
With a private entrance and off-street parking, this bright two-bedroom flat within walking distance of the station is a cut above your average period conversion. Another plus is the large, well-maintained garden, complete with shed.
Truepenny’s, 020 8693 2277
Manor Park, E12
£450,000
A chain-free split-level apartment in a Victorian house with good Elizabeth Line connections and three double bedrooms, two of which include their own dressing area. There’s a private front entrance but the rear garden is shared with the other flats.
The Stow Brothers, 020 3397 9797
Tulse Hill, SW2
£450,000
This sleek one-bedroom flat is minutes from Tulse Hill station and well placed for the shops and restaurants of Brixton and Streatham Hill. It features solid wood flooring, a basement for storage and a garden accessed via Crittall-style glazed doors.
Ludlow Thompson, 020 8299 8300
Kew, TW9
£467,500
A two-bedroom ground floor flat with a share of the freehold in a low block directly opposite Kew Gardens. There’s a private garage and access to smart communal gardens, but the flat itself is in need of full modernisation.
Halletts, 020 8940 1034
Ealing, W5
£399,950
A two-bedroom apartment in an attractive Art Deco building tucked away behind the high street. Handy for local shops, it’s within walking distance of two stations, including Ealing Broadway with its Elizabeth Line links.
