The cost of a first-time buyer property in London is often astonishing to those who live elsewhere in the country.
But years of rampant house price rises mean that the average first-time buyer price is £423,000 in Greater London, according to Halifax.
And that means that an attractive two-bedroom flat for £400,000 could be considered a good deal, which is why television property star and MailOnline Property expert Sarah Beeny picked this one in south west London as her bargain property of the month.
This two-bedroom flat in south west London’s Norbury has been picked by Sarah Beeny as her bargain property of the month
Pictured: Norbury is a town in south west London, and it is 6.7 miles south of Charing Cross
The first-floor flat in Norbury is only five minutes’ walk from the town’s train station, with direct trains to London Bridge and Victoria stations.
It has a large open-plan living area, along with two bedrooms and two bathrooms.
Sarah said: ‘This flat is super stylish and the perfect pad for singletons and young couples working in London who are looking for a beautiful and affordable base close to all the action.
‘It’s in a great area, with easy access to central London and is on the market for just £400,000, which is why I’ve picked it as my bargain of the month.
‘Properties that are this great, this affordable and this ready to move into are an absolute rarity in the capital these days.’
There is a newly decorated hallway and a telephone entry system.
The main living area includes a modern kitchen and dining area, with high ceilings and sash windows.
TV property star Sarah Beeny picks a bargain home every month on MailOnline Property
It also has hardwood flooring and professionally-designed feature lighting, including contemporary wall lights and recessed spotlights in the kitchen.
The modern kitchen has high-gloss white units with soft closing doors and drawers, granite worktops, an under-mounted stainless sink with a chrome Hansgrohe mixer tap and integrated appliances.
The appliances include a Zanussi gas hob and fan-assisted oven, a dishwasher, a washing machine dryer and a fridge freezer.
The property is in a block of flats called Walters House and is on the market for £400,000 via Tepilo.com, the online estate agent founded by Sarah.
Sarah said: ‘This is an absolutely fabulous room – so fresh and beautiful – and the bright, clean and contemporary décor transports you to sunnier climes. It’s a great entertaining space, with a stunning modern kitchen, generous dining area and a spacious living area to kick back and relax in.
‘But what really makes this room stand out are the beautiful windows – all four of them are stunning and allow a huge amount of natural light in, creating a sunny, vibrant and airy living space.’
The two-bedroom Norbury flat is on the market via estate agents Tepilo for £400,000
The large open-plan living area includes a seating area and a kitchen
The modern kitchen has high-gloss white units, integrated appliances and granite worktops
The main bedroom has been recently painted and comes with an ensuite shower room.
Sarah said: ‘This is another beautifully designed room that’s attractively decorated, has modern features and another great window. The blue feature wall and matching accessories transport me to the Med and are really fashionable right now.’
There is a second bedroom and a main bathroom, which is fully tiled and has a heated towel rail.
The main bedroom has an attractive blue feature wall and matching accessories
The main bedroom has also been recently painted and comes with an en suite shower room.
The flat also has a separate main bathroom, which is fully tiled and has a heated towel rail
The flat is located in a block of flats called Walters House in south west London
The current owners have used white with touches of bright blue throughout the property
Sarah said: ‘This property won’t be on the market for long. It’s such a great apartment in a brilliant spot and I love the way the owners have used white with touches of bright blue throughout to create an inviting, warm and contemporary home.
‘It combines all the mod cons you could wish for with beautiful feature windows and high ceilings, giving it a really spacious feel. It’s so ready to move into, you could unpack your furniture and have your first meal in the oven within hours of moving in.’ The flat is near to local parks, including Norbury Park and Streatham Common.
Other local amenities that sit right on the apartment’s doorstep, include supermarkets, shops, bars, and restaurants.
The Norbury flat’s main living area has room for a small dining table and chairs
Room for guests: There is a second bedroom that accommodates a double bed
The flat is ideal for working professionals, being near to local parks and Norbury train station
What is it like to live in Norbury?
Norbury is a town in south west London
Norbury is often described as ordinary.
But it is perhaps because it has no specifically attractive stand out feature that makes it attractive to those seeking a bargain property as house prices are cheaper that nearby areas, such as Wimbledon.
One of its big attractions is its train station, which provides short links into central London for commuters. These include 20 minute trains into Victoria, every 10 to 15 minutes.