Updated October 2026 · Fraser Bond
Buying · Budget
London flats under £250,000
Outerboroughs
Studios& 1-beds
Sharedownership
Checkslease & cladding
In short: Flats under £250,000 in London are mostly studios and one-beds in outer boroughs such as Barking and Dagenham, Bexley, Havering, Croydon, Sutton and parts of Enfield, plus shared ownership shares and retirement flats. At this price, check lease length, service charges, the building's fire safety status (an EWS1 form may be needed) and whether the flat is ex-local authority or above shops, which some lenders treat differently. First-time buyers pay no stamp duty up to £300,000.
Mortgage and stamp duty
Monthly mortgage (30 years)–
Stamp duty–
Standard rates for a main home; surcharges apply to additional homes.
Checks at this price
Frequently asked questions
Can you buy a flat in London for under £250k?
Yes, mainly in outer boroughs.
Is shared ownership worth it?
It can lower the deposit but has extra costs.
