he average cost of a Zone 2 apartment is now £697,850 according to new data from estate agent Hamptons.
While considerably lower than the overall property average for the travel zone, which is creeping closer and closer to £1m, it also pales in comparison to the average cost of a home in Zone 2 – now a whopping £1.79million.
Amid London’s sky-high house prices, rising interest rates, record inflation and skyrocketing bills, securing a home may seem out of reach for many at the moment.
Would-be home buyers may welcome news of a possible stamp duty reduction, which is expected to be announced by the Chancellor today, but property experts warn that even a temporary home buyers tax reduction without reform will further off the housing market could drive up house prices and even higher mortgage bills.
However, with interest rates expected to rise further by 2023, those thinking of buying can stick with it and look to lock in relatively low rates for as long as possible.
And there are options for savvy shoppers, if you know where to look.
From a W14 mansion to a converted pub in E1, we’ve found apartments for sale across central London boroughs – near a Zone 2 tube station – for less than the travel zone average of almost £700,000.
Chalk Farm, NW5
One two bedrooms duplex apartment with a private balcony near the Chalk Farm tube station.
Morris Day, 020 7482 4282
Tufnell Park, N7
Located on the tree-lined road of Anson, near Tufnell Park tube station, this top floor two bedroom apartment has access to a common garden.
Dexters, 020 7284 0101
This bright two bedroom garden apartment is close to Wandsworth Road and Clapham Common stations.
Chestertons, 020 3835 2140
De Beauvoir, N1
This three bedroom apartment on the De Beauvoir estate has two private balconies. Close to Haggerston tube station.
Dexters, 020 7483 6373
A two bedroom, first floor apartment with high ceilings. Close to Stockwell, Clapham North and Clapham High Street stations. Reduced earlier this month
Douglas & Gordon, 020 3872 5264
On the top floor of a terraced house in Royal College Street, near Camden Town tube station, is this three bedroom house.
Town of Olivers, 020 3879 5571
Stepney Green, E1
A three bedroom apartment in converted Victorian pub close to Stepney Green tube station and the Elizabeth line in Whitechapel.
Strike, 020 3834 8320
Court of the Barons, W14
A three bedroom ground floor apartment in Talgarth Mansions, a few minutes walk from Barons Court tube station.
Keller Williams, 020 7183 8614
Close to Brockley Overground station is this three bed warehouse style apartment with two balconies and parking space.
Acorn, 020 3873 8359
Maida Vale, NW6
This three bedroom apartment is in Randolph Gardens near Kilburn Park tube station.
Braithwait, 020 3897 9992