Looking To Move To The Home Of Big Ben On A Budget? Here Are Some Of Our Picks For The Cheapest Places To Live In London!


Unsplash/Ming Jun Tan

WANT TO LIVE IN LONDON WITHOUT BREAKING YOUR BANK EVERY MONTH? SAY NO MORE…

Deciding the location for your next home can be difficult. You may be on a budget, seeking something a little low-priced, but where are the cheapest places to live in London? Clooper’s here to provide you with some quality areas to consider.

CROYDON

Croydon is a town in South London, surrounded by the London Borough Of Croydon. It boasts a large and diverse shopping district and a bustling nightlife scene. The locals praise its rich street art and greenery, also. It gives the town a delightful mixed vibe of modernity and rural peace. You wouldn’t believe it was one of the cheapest places to live in London just by looking!

Croydon is also brilliantly connected. With its East Croydon, West Croydon and South Croydon stations, you can reach anywhere from Brighton to Buckingham Palace. Many commuters choose to set up a home in Croydon for this reason, along with its lively atmosphere. You can even hop on a tramline to Wimbledon, Beckenham, Elmers End and New Addington!

Clooper estimates the cost to rent in Croydon to be roughly £1,100 per month for a one-bedroom flat. The average cost to buy is estimated around the £400,000 mark. Flatshares start from around £300 for a single room and shared accommodation.

Unsplash/Kevin Grieve

REDBRIDGE

Redbridge is a London Borough in East London, England. There are many districts inside this borough to choose from: Barkingside, Wanstead, Woodford, Newbury Park, Seven Kings to name a few. All boast individual, separate positive qualities. Though as a whole, there are a few shared benefits.

A large majority of districts in Redbridge benefit from ‘outstanding’ or ‘good’ school scores. There are also many stations from which you can reach Central London. Such as Hainault Station and Newbury Park Station. There is also a great deal of greenery to be found. Fairlop Waters in Ilford is a notable country park, as is the award-winning Valentines Park, south of Gants Hill. The districts of Redbridge would make good homes for commuters who desire a less busy home environment. Additionally, all of them are considered some of the cheapest places to live in London. The added bonus is that there’s so much variety in this borough alone!

Clooper estimates the cost to rent around Redbridge to be roughly £800-£1000 per month for a one-bedroom flat. The average cost to buy is estimated around the £120,000 – £500,000 mark. Flatshares and studio flats start from around £500.

RICHMOND-UPON-THAMES

Richmond is a town within the London Borough of Richmond-Upon-Thames. With all of its benefits, it really is hard to believe it’s one of the cheapest places to rent in London.

A thriving sports community, a 120-year-old theatre still going strong, high street shopping at your door and more! Richmond town specifically for its upmarket chain stores. Plus, who knows, with all of these extra savings on your rent, maybe you could afford to treat yourself a little more to a high-quality watch or two!

Richmond is also home to Richmond Park. Arguably, this is its most popular destination. It is also a valuable nature reserve that is doing a lot of good for natural life in the area. If you manage to get to Richmond Park, we advise you to check out the King Henrys Mount. You can see all the way to St Johns Cathedral from there! To get an even more in-depth look at Richmond, find our Richmond area guide here.

Clooper estimates the cost to rent in Richmond to be roughly £1000 – £1,200 per month for a one-bedroom flat. The average cost to buy is estimated around the £300,000 – 600,000 mark. Flatshares and studio flats start from around £600.

Clooper believes that everyone deserves a home that brings them joy. That’s why we release weekly area guides to help you do just that. Keep up to date with our latest guides here.

This blog post is not intended to constitute legal or financial advice.