Property in: LONDON
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New Build Homes in London for Sale under £500 000

✅ 324 new build homes available in London under £500 000
✅ Direct offers from over 200 leading London developers
Bermondsey Heights

Bermondsey Heights

by Barratt London South Bermondsey
1 • 2 • 3 beds
Ready to move

Striking 28 storey tower with 163 modern homes, concierge, secure access, rooftop terrace and landscaped gardens, offering strong transport links and investment potential
Price from£445,000
Hayes Village

Hayes Village

by Barratt London Hayes & Harlington
Studio • 1 • 2 • 3 beds
1Q/2028
Modern canalside development with over 1,000 homes, landscaped squares, shared gardens, retail, secure access, lifts and parking, ideal for long term living or renting
Price from£350,000
The Lanes

The Lanes

by Barratt London Tooting Bec
1 • 2 • 3 beds
2Q/2027

Modern 1, 2 and 3 bedroom homes in a green setting with new parkland, on site supermarket, gym and cafe, plus excellent links and everyday services nearby
Price from£399,000

Free personalised new build selection

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2 Lakeside Drive

2 Lakeside Drive

by Wainbridge Park Royal
Studio • 1 • 2 • 3 beds
Ready to move

Newly converted landmark with 252 modern 1 and 2 bedroom homes, smart design, parking, cycle storage and strong transport links, offering quality and long term value
Price from£315,000
Sage

Sage

by Sage Homes Leyton
1 • 2 • 3 beds
Ready to move

New homes with gardens, play areas, gym access and health hub nearby, plus easy walks to parks, shops, cafes and excellent transport links for daily commuting
Price from£417,000
Highclere House

Highclere House

by McCarthy & Stone
2 beds
Ready to move
Four storey managed retirement building with 24 one and two bedroom homes, lift access, secure entry, shared lounge and landscaped gardens for low maintenance living
Price from£355,916
Chase Side

Chase Side

by Not yet determined Southgate
1 • 2 • 3 beds
Ready to move
Modern low-density block of 7 residences with 1, 2 and 3 bedroom layouts, private gardens, bathroom underfloor heating and 10-year warranty. Small scale high demand.
Price from£425,000
Nexus phase 3

Nexus phase 3

by Newlon Living Ponders End
1 • 2 beds
Ready to move

Modern design-led building with private outdoor spaces, landscaped gardens, secure storage, electric car charging and excellent transport, parks and shops nearby
Price from£295,000
Sumner House and Flaxyard

Sumner House and Flaxyard

by Southwark Council Queens Road Peckham
1 • 2 • 3 beds
Ready to move

Contemporary mixed use scheme with 160 homes, 5 buildings, restored 1930s architecture, community focus, modern amenities and good links to shops and transport
Price from£430,000
The Key

The Key

by ISHA Turnpike Lane
1 • 2 • 3 beds
Ready to move

Modern new build with landscaped garden, rooftop patios, high quality finishes, shared areas and nearby parks, schools, gyms, shops and medical services
Price from£385,000
The Westlinks

The Westlinks

by Fabrica Northolt
1 • 2 beds
Ready to move

Modern development with landscaped courtyard, green open spaces, nearby parks, gyms, schools, shops, cafes and fast transport links, ideal long term purchase
Price from£335,000
Dagenham Green

Dagenham Green

by Berkeley Group Dagenham Heathway
1 beds
2Q/2026
Large scale regeneration with 1, 2 and 3 bedroom homes, new public realm, green spaces, school, shops and strong transport links offers long term growth potential
Price from£270,000

Affordable New Homes in London under £500 000

Finding new build homes in London under £500 000 is a priority for first-time buyers and investors. Our catalogue features 324 available properties in this price range, including studios and 1-bedroom homes in developing areas. All projects offer modern energy-efficient designs and current market pricing.

Browse by price range:

New builds under £500,000 New builds under £1,000,000
New builds under £1,500,000 New builds under £2,000,000
Popular London neighbourhoods:
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FAQ: New Build Homes in London under £500 000

Are there new build homes in London priced under £500 000?

Yes, there are currently 324 developments in London with properties under £500 000. These include both ready-to-move and off-plan homes.

What type of home can I buy for less than £500 000?

In this budget, buyers can typically find modern studios and 1-bedroom homes. Some options in developing areas may also offer 2-bedroom properties.

Is it possible to buy off-plan under £500 000?

Yes, buying off-plan under £500 000 is a common way to secure a new home at current prices with completion dates through to 2030.

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