6. Croydons
Croydon is in south London. Croydon is the largest town in the London borough of Croydon and one of the largest in Greater London. It has a population of around 385,000.
The average house price in Croydon (based on the CR0 postcode area) is currently £375,376.
The Croydon CR0 area includes districts such as the town center itself and Addiscombe, Addington, Beddington, Broad Green, Coombe, Forestdale, New Addington, Selhurst, Shirley, Spring Park, Waddon and Woodside.
Croydon has a wide range of local amenities for retail and leisure. It also has some of the best transport links in London. Central London can be reached in 15 minutes from East Croydon train station.
Croydon’s town center has a reputation as being a 1960s-built concrete jungle, but it is undergoing much regeneration and improvement. Many new city-living apartments have been built in recent years making the area more attractive to London commuters.
While average prices are low it is possible to buy even cheaper houses or flats in Croydon. Croydon property prices start at just £75,000 according to Rightmove and Zoopla. Based on these figures Croydon has the cheapest property in London at the moment.
Here’s a useful article which looks at buy-to-let in Croydon.