London is the most expensive city to live in the UK.
As of January 2025, its average property price was £569,087. (The UK average is 291,397).
It has many great areas to live, but many of these can be quite expensive.
So, to get a balance between a great area and affordability, looking at zone 2 helps.
Below is our list of the top 10 most affordable areas in London’s zone 2.
10. Bromley
Bromley (also known as Bromley-by-Bow) is in east London, between Canary Wharf and Stratford.
The average property price here is £329,700. There are many developments here. Many experts see this as one of London’s up-and-coming hot spots. .
On top of that, it’s cleaner and greener areas of London. So, you benefit from living in the city, without worrying about noise and air pollution.
Additionally, this area has great aesthetics. With landscapes and historical buildings the borough, it’s easy to call this place home.
You won’t run out of things to do in this area. And considering the average home price, it’s easy to see why this is an attractive area.
9. Stratford
Stratford, which is near Bromley, is another affordable location in zone 2. It has house prices averaging around £340,000.
Thanks to the 2012 London Olympics, the entire area is was regenerated. It makes it one of the liveliest and most vibrant in east London.
Some of the best areas to look for a property right now include:
- East Village
- Stratford Central
- New Garden Quarter.
8. North Acton
North Acton is a bit more expensive than our first two entries.
But with an average home price of £384,626, it’s still much more affordable than Central London.
When you move into North Acton, you can expect to live a convenient life.
The centre of the West End just a 25-minute rail ride away. So, it’s one of the best places to live if you need easy access to London’s central areas.
On top of that, North Acton is a lively district. While you can still expect peace and quiet, the area also offers many things to do.
With many of cafes, restaurants, and shops, there’s a lot to do.
7. New Cross
New Cross is a great district if you’re looking for an affordable social neighbourhood in London’s Zone 2. It’s suited for those looking to spend below half a million pounds on a house.
This district is full of creatives, independent and small businesses. And unique hangouts for you and your friends.
New Cross and New Cross Gate Stations are nearby. So, you won’t have a hard time getting to other areas in London.
6. Stepney Green
The average house price in Stepney Green is around £396,254.
So, it’s a very affordable place compared to the rest of London, especially in Zone 2.
That said, this is more of a residential area compared to other East London districts.
While there are a few shops, restaurants, and cafes for you to visit, it’s a bit quieter than in other areas.
This is great if you’re looking for a more relaxed place to start your London life without spending a ton of money on your property.
Stepney Green is very family-friendly and offers a very wholesome living experience.
So, if you want to live in a relaxing part of London’s Zone 2, Stepney Green might be worth considering.
5. Mile End
Mile End is just North of the Canary Wharf and East of central London. It offers its residents a rich culture with many things to do all the time.
Some people even claim it’s like the heart of London, just less expensive. And to an extent, there’s some truth to it.
The average house price in Mile End is £401,000, which is around 25%-30% cheaper compared to other parts of London.
4. New Cross Gate
If you want to buy a house in New Cross Gate, expect to pay an average of about £406,048.
This is well below the average house price in London and gets you into a pretty decent neighbourhood.
Granted, it doesn’t have grand and majestic sites like other London areas. But it does offer a very convenient location in the South East part of London.
3. Bow Road
The average house price in Bow Road is £408,770.
The house prices are definitely a bit steeper compared to other cheaper areas in Zone 2. But it is in a great location.
Situated on the A11, you can get on the edge of the city of London and other parts of London by car without a problem.
2. Canada Water
Canada Water offers a great balance between peaceful living and access to city life.
This area is a bit quieter than other London areas. But it still offers many things to do and easy access to the main city through the Rotherhithe line.
On top of that, the average home price here is £431,309, which is still more affordable than in many other areas in London.
1. Surrey Quays
And last but not least, we’d like to present to you Surrey Quays. Though the area is mostly populated by blocks of flats, it’s a beautiful area to live in.
The average property price in this area is £431,600. It makes it the most expensive on our list but way cheaper than the London average.
What’s great about Surrey Quays is that the area is always in high demand.
Alternatives to zone 2
There are 9 zones in London. They vary in many ways (even down to which are the most pet-friendly!), as do their prices.
If you can’t find anywhere in London to live, consider living in one of the commuter towns outside it.
If you’re looking to sell your London house fast, get in touch with us today.
