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

✅ 328 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£430,000
Hayes Village

Hayes Village

by Barratt London Hayes & Harlington
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£275,000
Upper East

Upper East

by Muse Developments Bow Church
Studio • 1 • 2 beds
Ready to move

Modern mixed use London development with landscaped grounds, roof terraces, pocket park, communal spaces, green design and easy access to shops, schools and gyms

Price from£350,000

Free personalised new build selection

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Lea Bridge Gasworks

Lea Bridge Gasworks

by St William (Berkeley Group) Clapton
Studio • 1 • 2 • 3 beds
4Q/2026

Modern homes in a landmark setting, with landscaped gardens, health centre, nursery and green links, ideal for families, professionals and first time buyers

Price from£365,000
Diamond Wharf

Diamond Wharf

by PA Housing Clapham Junction
1 • 2 beds
Ready to move

Contemporary mixed use building with private balconies, quality interiors, lifts and secure access, close to parks, gyms, schools, shops and transport links

Price from£450,000
The Heights

The Heights

by Pocket Living Charlton
1 • 2 beds
Ready to move

Modern building with 1 and 2 bedroom homes, wheelchair adaptable options, secure cycle storage and shared outdoor spaces, close to parks, shops and gyms

Price from£316,000
Oaklands Park

Oaklands Park

by Shanly Homes
1 • 2 • 3 beds
Ready to move
New build around communal gardens, children's play area, cycle and bin stores, allocated and visitor parking, electric vehicle charging terraces, 1,2,3 room options.
Price from£375,000
Medford House

Medford House

by McCarthy & Stone Purley
1 • 2 beds
Ready to move

Modern retirement building with landscaped gardens, balconies, lounge, lifts, security systems, on site management and easy access to shops, parks and transport

Price from£345,000
Pudding Mill Lane

Pudding Mill Lane

by Vistry Group Stratford
1 • 2 • 3 beds
2029 – 2033

Mixed use project with new homes, commercial space, cafes, gyms, schools and parks nearby, plus excellent transport links and future focused regeneration benefits

Price from£435,000
Riverside West

Riverside West

by BexleyCo Homes Erith
1 • 2 beds
Ready to move

Modern riverside building with roof terraces, concierge, gyms and parks nearby, fast links to central city, strong regeneration and long term investment potential

Price from£250,000
The Perfume Factory

The Perfume Factory

by Telford Homes North Acton
1 • 2 beds
Ready to move

Modern high specification homes in a redeveloped area, with excellent transport links, green spaces, shops and cafes nearby, offer a smart long term property choice

Price from£435,000
22 Thornton Road

22 Thornton Road

by Mantle Developments Clapham South
1 • 2 • 3 beds
Ready to move

Modern new build with 1, 2 and 3 bedroom homes, refined design, quality finishes, private outdoor spaces, natural light and strong long term investment appeal

Price from£450,000

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 328 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 328 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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