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

✅ 331 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
Grand Union

Grand Union

by St. George (Berkeley Group) Alperton
Studio • 1 • 2 • 3 beds
4Q/2026

Modern canalside homes with 14 acres of open space, gardens, community hub, flexible work space, residents lounge and bowling, near transport, schools and parks
Price from£394,000

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SO Resi Peckham

SO Resi Peckham

by Metropolitan Thames Valley Queens Road Peckham
1 • 2 • 3 beds
Ready to move

Stylish new 1, 2 and 3 bedroom apartments from just 445000 with shared ownership, quality finishes, balconies, green space, gyms, schools and cafés nearby
Price from£445,000
Enclave Collection

Enclave Collection

by Novex Clapton
Studio • 1 • 2 • 3 beds
Ready to move

Gated boutique development with 15 high specification homes, private outdoor areas and communal gardens, near parks, shops, cafes, schools, gyms and transport.
Price from£455,000
Uniquely Cricklewood

Uniquely Cricklewood

by Unique Property Group Cricklewood
1 • 2 • 3 beds
Ready to move

Modern six floor courtyard building with 50 light filled homes, balconies, shared patios, secure entry, energy saving design and long term investment potential
Price from£400,000
Home10

Home10

by Waltham Forest Leytonstone
1 • 2 • 3 beds
Ready to move

Modern new build with nearby parks, shops, cafes, gyms and schools, easy access to transport links and airports, plus major shopping and cultural attractions nearby
Price from£340,000
Lightfield

Lightfield

by Shanly Homes High Barnet
1 • 2 beds
Ready to move

Modern townhouses with open plan living, contemporary kitchens, allocated parking and nearby parks, shops, schools, gyms, hospital and fast transport links
Price from£375,000
Alperton Yard

Alperton Yard

by Telford Homes Alperton
1 • 2 • 3 beds
2Q/2026
Mixed use towers up to 28 floors with shops, cafes, gym and outdoor spaces. Strong transport links and long lasting build quality support long term living
Price from£427,000
Branson House

Branson House

by Not yet determined Hounslow East
1 • 2 • 3 beds
Ready to move
Modern new build with 1, 2 and 3 bedroom layouts, secure access, lift, balconies, cycle racks and fast connections, close to shops, schools, parks and gyms
Price from£360,000
Randolph House

Randolph House

by McCarthy & Stone Kenton
1 beds
Ready to move

New retirement building with secure entrance, lounge, garden tables, guest suites, wide step free access, lifts, parking, nearby parks, shops, gyms and medical care
Price from£249,995
Brunel Wharf

Brunel Wharf

by Not yet determined Rotherhithe
1 • 2 • 3 beds
4Q/2026

Modern riverside building finished in 2015, with private entrances, outdoor spaces, panoramic windows, secure access and green paths, ideal for families and professionals
Price from£325,000

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 331 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
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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 331 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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