Most of the headlines we see about the property market in London report on the most expensive properties and how the average price continues to rise. Surprisingly though there are several streets where the average price is much lower than the average for the capital and way behind the most lucrative areas.
The Borough of Hounslow has the honour of having the two streets with the cheapest average price in the whole of the capital. Fusiliers Way was the number one with an average of just £98,750. Padbury Close followed in second with a price of £110,167.
Also on the list are a number of areas in the Borough of Hillingdon including Verona Close (number three with £112,000) and Westcombe Lodge Drive (number five at £142,333).
What you may find surprising is that all four of the locations have something in common; they are all located in West London in the vicinity of Heathrow Airport. This may be one of the causes of the affordable prices, particularly if they are in areas disrupted by the flight paths of planes and busy transport links.
Even with the potential downsides it is incredible to see such a wide array of properties available at these low prices. It points to the fact that there is a lot of value to be found if people are ready to scour the market and look in a variety of different locations.
At Finefair we provide property management in Hounslow as well as a wide array of investor services. We can help investors looking to find the right property for their budget, whether they are looking at the top of the market or want something affordable they can improve and return to the market. Following the investment we can provide all the services the owner needs to manage and let the property.
If you have any questions about Hounslow, investing in properties, or our management services, please get in touch with our team. We are confident we can provide the information you need and you’ll see the value in working with us.