London buyers heading to Zone 3 for better value
The Evening Standard Homes & Property reports that London’s population is growing fastest in Zone 3.
Priced out of Zones 1 and 2, buyers are heading to travel Zone 3 where addresses are on average 41% cheaper and benefitting from “new transport links, high street makeovers and business hubs.”
The majority of buyers are looking for properties priced from £250,000 to £750,000, and according to eMoov, an online estate agency, the average price in Zone 3 is significantly lower -£474,569 against £797,410 in Zone 2.
The article highlights Canning Town, in Zone 3, as an “up and coming area”. Currently ROC Invest is selling The Oratory Apartments, moments from Canning Town Underground and DLR with prices from £340,000.