Finding an affordable place to live in London can be challenging, especially when you’re looking for an area that’s not only budget-friendly but also suitable for families. Despite the general perception that living in London is expensive, there are indeed some hidden gems where you can enjoy city life without breaking the bank. Here are five of the most affordable family-friendly neighbourhoods in London, based on the latest data available in 2023.

1. Barking and Dagenham

Barking and Dagenham in East London tops our list. According to the latest data from Rightmove, the average house price in Barking and Dagenham is about £300,000, making it one of the most affordable boroughs in London. Schools like the Riverside School are highly rated, and the area is served by the District and Hammersmith & City lines, providing easy access to Central London. The borough is also known for its green spaces, with over 25 parks and open spaces, perfect for family outings.

2. Havering

Neighbouring Barking and Dagenham, Havering is another affordable option for families. The average property price hovers around £350,000. Havering boasts of a low crime rate, top-rated schools like Coopers’ Company and Coborn School, and a range of family-friendly activities. The borough has more than 100 parks and open spaces, and its residents have easy access to Central London via the District Line.

3. Croydon

South London’s Croydon offers an attractive mix of affordability, accessibility, and a vibrant cultural scene. With an average house price of approximately £375,000, it’s more affordable than many other areas in London. There are excellent schools such as Whitgift School and the transportation links include the fast and frequent services to Victoria, London Bridge, and Gatwick Airport. Additionally, the borough is home to several shopping centres, arts venues, and Boxpark, an innovative dining and entertainment complex.

4. Sutton

Located in South London, Sutton stands out for its excellent education opportunities, with several schools like Sutton Grammar School featuring in top UK school rankings. With an average property price of about £400,000, Sutton offers affordable housing compared to many parts of London. The borough has an array of parks and nature reserves, a thriving local economy, and a strong sense of community.

5. Bexley

Located in Southeast London, Bexley is another great option for families. The borough offers an average house price of around £350,000. Top-rated schools such as Townley Grammar School and Beths Grammar School add to Bexley’s appeal for families, as well as its 100+ parks and open spaces. The area is well-connected via trains to Central London, with journey times of around 30 minutes to Charing Cross.

Of course, when choosing where to live, it’s not all about affordability. The quality of local schools, proximity to workplaces, amenities, and community spirit are all important factors to consider. Each of these London boroughs provides a unique blend of affordability and family-friendly amenities, making them great places to consider if you’re looking for a cost-effective place to live in London.