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

✅ 327 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£428,000
Hayes Village

Hayes Village

by Barratt London Hayes & Harlington
Studio • 1 • 2 • 3 beds
Ready to move

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£315,000
Dockley Apartments

Dockley Apartments

by Matching Green Bermondsey
1 • 2 beds
Ready to move

New homes with terraces and rooftop gardens, play area and peaceful courtyard, near parks, markets, schools, gyms, medical care and fast links across the city

Price from£495,000

Free personalised new build selection

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Lion Crescent

Lion Crescent

by PA Housing Castle Bar Park
1 • 2 beds
Ready to move

Modern new build with nearby parks, gyms, schools, cafes, supermarkets, medical centres and fast access to major airports, ideal for homebuyers and investors

Price from£355,000
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
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
King Georges Gate

King Georges Gate

by Taylor Wimpey Earlsfield
1 • 2 beds
Ready to move

Modern 1, 2 and 3 bedroom homes with varied facades, rooftop gardens, green views, nearby shops, gyms, schools, parks, cafes, medical care and transport links

Price from£350,000
The Ellington

The Ellington

by Southwark Council Rotherhithe
1 • 2 • 3 beds
Ready to move
Modern development with high quality finishes, private outdoor spaces, strong transport links, nearby schools, parks, cafes, gyms and long 12 year building warranty
Price from£475,000
Peninsula Gardens

Peninsula Gardens

by Knight Dragon North Greenwich
1 • 2 beds
4Q/2026

Modern riverside brick buildings beside parks, creative quarter and sports, close to shops, schools, cafes and transport, offering strong growth and lifestyle potential

Price from£402,500
Dagenham Green

Dagenham Green

by Berkeley Group Dagenham Heathway
1 beds
2026 – 2027

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
Hope Court

Hope Court

by Rushmon Homes
1 beds
Ready to move
A main building and three detached houses arranged around access roads, landscaped gardens, parking and a public bicycle garage, delivering privacy.
Price from£290,000
Royal Gateway

Royal Gateway

by Barratt London North Acton
1 • 2 beds
Ready to move

Modern homes with 1, 2 and 3 bedrooms, private outdoor spaces, communal and rooftop gardens, residents lounge, gym and concierge in a green, well connected area

Price from£415,000
Gurnell Leisure Centre

Gurnell Leisure Centre

by Ealing Council Hanwell
1 • 2 • 3 beds
4Q/2027

Modern redevelopment with first class leisure centre, 50 metre pool, fitness studios, outdoor pump track, skatepark, playgrounds, retail and landscaped parkland

Price from£425,000
Trinity House

Trinity House

by Abbey New Homes Stonebridge Park
1 • 2 • 3 beds
Ready to move

Modern building with durable masonry walls, insulated concrete slabs and acoustic floors, offering 1, 2 and 3 bedroom layouts, quality finishes and strong investment appeal

Price from£375,000
Windmill Road

Windmill Road

by Not yet determined West Croydon
2 • 3 beds
Ready to move
Small converted building of 5 units with private patios, split-level 2 and 3 bedroom layouts, modern kitchens, share of freehold and a 999-year lease.
Price from£325,000
Urban Picturehouse

Urban Picturehouse

by Montreaux homes Sidcup
Studio • 1 • 2 • 3 beds
Ready to move
Contemporary brick design, secure access, energy efficient build, landscaped gardens, gyms, parks, schools, shops and medical care all within a short walk
Price from£283,500
The Denton

The Denton

by Elysian Residences
1 • 2 beds
Ready to move
Four storey later life residence with shared spaces, on site support, care options, secure feel, nearby shops, healthcare and travel links for long term living
Price from£440,000
Cobham Bowers

Cobham Bowers

by Pegasus Life
1 • 2 • 3 beds
Ready to move

Bright open plan 1 and 2 bedroom homes in a stylish new building, with shops, cafes, parks, gyms and transport links nearby, ideal for active modern living

Price from£450,000
Marlborough House

Marlborough House

by Formation Architects Chiswick
Studio • 1 beds
Ready to move

Historic architecture meets modern comfort, with work, dining and relaxation areas, fitness nearby and green spaces close by, ideal for a connected, refined lifestyle

Price from£485,000
Lombard Square

Lombard Square

by Berkeley Group Woolwich Arsenal
1 • 2 • 3 beds
2026 – 2032

Modern mixed use development with landscaped seasonal gardens, retail and leisure facilities, strong connectivity and promising rental yields, completing in 2025

Price from£345,000

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 327 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

FAQ: New Build Homes in London under £500 000

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

Yes, there are currently 327 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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