Ten of the best ‘second stepper’ London homes on the market now — all under the average £583,450 price tag

London ‘second stepper’ homes for sale (ES)

Londoners paid £583,450 to take their second step on the housing ladder last year — a figure that has doubled in 12 years.

According to data from Hamptons, second-time buyers trying to move on from their first London homes may fall foul of a widening gap driven largely by the limited price growth of flats compared to houses.

By the end of 2022, the price difference between the typical first- and second-time buyer home stood at 32 per cent or £141,580, which is up from 11 per cent or £27,470 in 2007.

The gap was widest in Kensington and Chelsea, at 134 per cent, and narrowest in Newham, where would-be upsizers will need to make up a 21 per cent increase – or £78,720 on average – to secure their next home.

Given the saving efforts required, second steppers should be resolute in their mission for more space and a better standard of living.

We’ve rounded up 10 of the best upgrade homes on the market now.

South Woodford, E18

£550,000

Fieldhouse Close, E18 (Churchill Estates)

A three-bedroom end-of-terrace home on a quiet no-through road with an integrated garage and a large ‘blank-slate’ garden. Two local parks, Elmhurst Gardens and Churchfields Gardens, are within walking distance, as is the Central line at South Woodford station.

Churchill Estates, 020 8530 3333

East Dulwich, SE22

£550,000

Dunstans Road, SE22 (Pedder)

A stylish architect-renovated garden flat within a Victorian conversion facing Dawson’s Hill. There are two bedrooms — one created with a moveable partition wall — and a living room with a wood-burning stove. The flat also benefits from a share of the freehold.

Pedder, 020 8702 8222

Forest Gate, E7

£500,000

Strone Road, E7 (Stonebridge)

This three-bedroom, two bathroom family home is within walking distance of Upton Park tube and Forest Gate overground. It has two bright receptions rooms with high ceilings, a generous garden

The original article can be found here

Scroll to Top