South-east London has become a mecca for first-time buyers over the last five years, catapulting areas including Hither Green and Crystal Palace from anonymity to desirability.
Rory Cramer, head of consultancy at Marsh & Parsons New Homes, believes the next area to surge will be Sydenham, where the average price of a flat currently stands at £366,000.
“It’s a true gem of an area and often overlooked,” he says. “With trains into London Bridge in 16 minutes, large green open spaces and independent coffee shops and restaurants, it’s no surprise that prices have increased 16 per cent on the same time last year, making it a great investment opportunity.”
Expect to pay about £400,000 for a period conversion, or if you want new build, Cramer recommends the Dylon Works development where you could use Help to Buy London to pick up a one-bedroom flat for about £379,000.