First Time Home Buyer London – Where to Buy?

Are you looking to buy a home in London? London is one of the most architecturally-rich cities in the world, and this includes residential builds. From one-room apartment complexes to colonial mansions, there are plenty of properties for a first time home buyer London to invest in.

If your budget is high and you can afford one of the more expensive neighbourhoods/ boroughs, consider properties in and around Bloomsbury, Fitzrovia, Kensington, Chelsea, Regent’s Park, King’s Cross, Harley Street, Christopher Street, Covent Garden & The High Street. They offer excellent connectivity, have engaging entertainment options and have good school districts.

But if you’re working on a smaller budget, consider these neighbourhoods:

Acton

Located in Zone 2 and just a few stops away from Oxford Circus, Acton is one of the most pocket-friendly neighborhoods for your first home buy. It is also a hidden food gem – there are many multi-cuisine restaurants here, making it perfect for people of all ethnicities. Acton is serviced by the Central Line, making it great for commuters.

Shepherd’s Bush

Think Acton isn’t central enough, do you? Well then, head over to Shepherd’s Bush. Located in Zone 2, this neighborhood has an excellent collection of low-to-mid range properties for rent and purchase. It’s just a few stops away from Notting Hill and Westfield, ensuring you remain close to the poshest parts of town.

Stepney Green

This neighborhood is in Zone 1 and is one of the closest neighborhoods to London Central. Yet, it has a significantly lower property price, compared to the surrounding neighborhoods. Just a stone’s throw away from Shoreditch, Stepney Green is the heart of youthful London. You’ll find plenty of young home owners here.

Finsbury Park

One of the most multi-ethnic neighborhoods in Central London, Finsbury Park in Zone 2 is an excellent option to consider if you’re on a tight budget. The properties here are all very reasonably priced and this locality is perfect for a young couple just starting out. Even the grocery stores, restaurants, pubs and entertainment centers are very kind on the pocket.

Are you a millennial interested in purchasing a property in London?

Did you know, according to this article from Midland Home Buyers, roughly a third of millennials believe they’ll never be able to afford their own home. The housing market is tough, but there’s still hope!

There are plenty of alternatives to conventional mortgages offered by the government. If you are a first time home buyer London, contact our estate agent London today for quotes on new and old builds.