The Cheapest Houses For Sale In London In 2023

I went to London last week, to check out some of the cheapest property that is for sale in one of the most expensive cities in the world.

None were cheap...the range was starting at £300,000 to £500,000 and I was only looking at houses, not flats.

It was crazy to see what these houses were like, especially as I am from the North where for £500,000 you can pretty much buy a mansion.

I also took out any leasehold properties whilst looking round. I got 5 different viewings, in different locations, but they were all to the east really. In the west the average price for a house is over £1,000,000 and to the east it is £750,000...which just boggles the mind.

I was also looking at central/ish London, so zones 1-5 really. Not any of those areas which claim to be London but are actually the suburbs.

I also paid a visit to Grenfell tower, to pay my respects, as this isn't really a film about cheap property but a film about what happens when housing is so unaffordable and unregulated, and Grenfell is, tragically, the result of that.

Whilst there is a housing crisis, and a cost of living crisis, this film was super interesting to make, seeing what is available on the lower side of housing in London, whilst seeing if anyone can actually afford to buy there.

Thank you to everyone who I got chatting to, whether you ended up in the film or not, it was super helpful and gave great insight.

#explore #invest #housing #london #property #housingcrisis #millionaire #rich #money #costoflivingcrisis

[Freddie-]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...

[shawndurbs]

4 years ago I was paying 1200£ a month for a one bed flat in Stratford. My Italian girlfriend then, wife now, complained to me so much about how much money we were wasting. So after a few years of this nagging I agreed to move to Italy with her. We now have a two bed flat we are renting with a sea view and we’re paying 350€ a month. Finally we can see our savings really growing and soon we’ll be able to buy a house here outright without a mortgage. Get out of London. It’s a trap.

[weareallbeingwatched]

I am a londoner, and the situation has become completely insane for individuals - it only serves to benefit offshore investors and corporate developers.

[EliAdams]

In 2011, my mom was offered a flat on the 17th floor in grenfell tower, but she refused the offer because the lifts were defective and had a fault at the time and she has mobility issues, besides it was abit far and the building looked off. We were shocked when the grenfell tower fire happened, still feels emotional everytime we drive past it. We no longer live in London though since 2014.
R.I.P to the grenfell tower victims 💚🙏

[TheGigantium]

Completely insane indeed. For that price (£500, 000) I have a luxury villa in La Nucia (Costa Blanca - Spain), with six bedrooms, four bathrooms and a generous built area of 200 m², situated on a spacious plot of 652 m², private pool and garage box for two cars included. And not least, almost year-round sunshine.

[peterd]

In 1989 we bought a two bedroom flat in Stockwell for £89, 000. We sold in 1993 for £131, 000. It sold last year for £698, 000.

[johncochrane]

I was born in London not very far from where you were in Brixton. The price of houses and the rents there now are completely obscene and I feel very sorry for young people who need or want to live in London in 2023, they are being robbed blind and exploited. That guy at 24:47 sharing with eight others sums it up, it's bloody Dickensian. As you can probably guess I left there a while ago and don't regret it.

[Jaiykk]

I literally bought a 4 bed (3 bedrooms + office size room) semi-detached outside of London for £315, 000 in 2021. Seeing a wrecked terraced house for £500, 000 and that being considered cheap for that area is mad.

[lazygweetarist]

My brother bought his house in Hackney in 1998 for £125, 000. He sold it five years ago for over £1, 000, 000. It was in a lovely road with a park at the bottom, and the house was really nice (although needed a lot of work when they moved in). It feels so weird knowing that you could once do that, buy an actual, entire house with three bedrooms in London and a huge sitting room and kitchen and garden for £125, 000. I will never, ever be able to afford to buy my own place in London. Many of the houses my brother bought are now divided into flats, each costing £400, 000 and some on shared ownership. It's crazy to think that you can only buy a 1/4 of a flat in the same kind of house my brother bought.

I am actually really worried about the future, I still live here but will 100% have to move to another part of the country within the next few years. To anyone who says that's good because they hate London, I happen to love London with all my heart. Not only are my family and friends here but I love the city. It is way friendlier than people often suggest it is and there isn't anywhere like it culturally. It's heartbreaking knowing I can't sustain living and working in the place I grew up in and love.

[johnmckay]

I live in Northern Ireland, and London prices are just bonkers to me. 2 years ago I brought my house for £175k (3 bedroom, 3 bathroom, driveway, front back garden, tonnes of space, £550/month mortgage, etc) and I looked to see what the equivalent was in London and I could basically have got a tiny 1 room flat for the same price. Crazy.

You could buy an entire street in Belfast for the same price as a nice house in London lol

[joelymarshall]

Really great video. I did it the other way round. Went to uni in Bradford. Lucky to buy my first house in Southend when down payments were minimal in 1998 for about £47, 000 as newly qualified teacher. Still could only afford tiny 2 bed and moved in with a lodger. Sold for £83, 000 in 2001 and bought spacious 2 bed victorian terrace in Waltham Abbey (just outside M25) for £97, 000. It's worth about £380, 000 now and I plan moving either back up north or to the South country as soon as I retire. Being able to park outside my house will be the biggest luxury. Homes should be affordable for all. The wealthy have made owning a home impossible for anyone not in the privileged upper middle classes. The greed of big corporations is vulgar. It is a very sad case of affairs.

[magnolia]

I am British but live in Germany, and all i can say is i am so glad that i got out when i did. What a mess Great Britain is now in. And i personally would not touch even one of those houses for those prices. For €300, 000 you would get a first class property with a beutiful garden in Germany and not one hole in the roof :-). Great video @Wandering Turnip.

[michaelgoulding]

i worked down london in 1999/2000, i roughed it & slept in my car, got washed anywhere i could find a sink, such as supermarket toilets etc, i ate in cafe, s or takeaway chippys & got a truckstop shower & meal, if i was not far from a truckstop, with what i saved, i bought a 2 bedroom terrace house up north for 6, 500, which i done up myself fairly cheaply, to make it liveable, it is now worth about maybe 65, 000, but it means i can stay in a low paid job, which is 1, 180 per month, but ok with not having to pay any rent or mortage

[slbradey]

Really enjoyed this video. Basically this is why we left London. We were lucky enough to be able to afford a 2 bed flat in zone 3 but when we needed more space we just couldn't afford to stay in the area. Saw a article recently that said schools in london are closing because families can't afford it. Sad really.

[rebeccarowlandson]

This is a fantastic video. I moved up north 5 years ago from the south east because I wanted to be able to have more time with the kids and better family life so glad I did. I used to work over 60 hours per week my hubby was as well, never really saw each other as when one was working and the other was looking after the kids. It's not good for children they need time with their mum and dad. I have friends that have chosen not to have kids as they can't afford it, and feel angry at the situation.

[sliceofkambo]

Thank you for drawing attention to Grenfell. We must never forget and hold those responsible to account. Great video

[bethenecampbell]

The second reception room in most of the terraced houses is the dining room. The kitchens aren't usually big enough to eat in. Those houses are more than 100 years old and designed before indoor plumbing was common. It's amazing how they've been adapted over the years as technology has advanced. London prices are insane. But no place in the world is like it.

[WifeMamaArtist]

I've lived in London for narly 50 years. Every friend I meet up with nowadays talks about getting out (either within the UK or abroad). The house we've lived in for nearly 20 years is all we can afford as moving up from a starter home is no longer possible, (we live in zone 4). And, we're in a MUCH better financial position than most (DH works in finance). My parents where 'just' in their 20's when they bought their first house (secretary and shop assistant). That wouldn't be possible today....

However, my area is much friendlier than the areas you looked at, I live on a long road and know about half my neighbours, a walk to the shops usually involves a lot of stops to chat. But, I guess being a more family friendly area, it's a lot less transient so people get to know eachother....

[lunaluner]

Great film. It brought an awareness to me which I was unaware of on the level that you expressed. I discovered you after the County Durham film. Very disturbing, all those rows and rows of houses with fake doors and handles 😒
It's strange how we're all in this massive melting pot and all having different experiences.
The whole Grenfall thing was beyond disgusting and as those people say, no charges 😢 the other thing that made me emotional in this film, is the fact that everybody as a right to live somewhere that sparks joy, happiness, community and wellbeing and this film highlights the fact, that these simple things in life are being treated as though they are a luxury. So sad.
Keep doing what your doing, great stuff. 💚

[nicktdm]

Great contrasts with your content...love it.
I bought in 1997, doubled my money and got out. A little ashamed as I don't believe in houses as investments now.
To be fair I used half the profit to fund university and subsequently work in the NHS. As such, I've never been able to afford to buy a house since.
It's all a game with the money...
Grenfell was a horror, your respect was very genuine.
Keep them coming 👍