East London is a bustling area with plenty of things to see and do, making it no surprise that it’s a hugely popular place to live, particularly amongst young professionals. It’s certainly a bustling area with plenty to see and do, and it is one of the most diverse, welcoming, and multicultural parts of London. Whether you’re climbing onto the property ladder for the first time, you’re looking to move for those extra couple of bedrooms or you’re looking for a buy-to-let property, there are many advantages to moving east; the prices are lower, the areas are undergoing a huge amount of regeneration and there’s no compromise in terms of proximity to Central London and local amenities. Here, we look at the cheapest places to live in East London along the London Underground’s District Line.
East London has some of the best transport links in the whole of the city. As well as benefiting from Overground links, extensive bus routes and the Docklands Light Railway (DLR), East London benefits from a direct link to Liverpool Street and Central London, via the District Line. But where are the cheapest places to live along the commuter route?
1. Dagenham East
The cheapest station to live near to is Dagenham East, where the average property price is just short of £310,000 and potential homebuyers would need an average deposit of £30,895. The area is due to receive significant investment towards its development over the coming years, with plans already in place for the building of London’s largest film studios in 25 years, East Brook Studios.
With average house prices of £304,545, Upney is the second cheapest District Line station to live near in East London.
Next on the list is Barking, with an average house price of £316,257.
Fourth up is Plaistow, with an average house price of £359,454.
Fifth on the list is Whitechapel, where the average house price is £412,625.
We hope you’ve found this article on the cheapest places to live in East London along the London Underground’s District Line useful.
At Keatons, we have been based in East London for over 20 years – so it’s fair to say we know the area inside out! Over the years, we’ve seen the areas change beyond recognition, and thousands of properties come and go. Having access to this level of knowledge makes all the difference. If you’re looking to move to East London, either buying or letting, we’re here to help. Contact a member of the team today to find out more.