The Best London Boroughs for Fixer-Upper Homes: A Comprehensive Guide

Enfield, Harrow, Bexley, and Brent emerge as the top boroughs for buyers seeking opportunities to purchase a London fixer-uppers property. With rising interest in fixer-upper properties as an affordable entry into the housing market, it’s crucial to know where buyers can secure the best deals. Here’s a detailed exploration of why these boroughs stand out and what you should consider when purchasing a home in need of renovation.

Why Fixer-Uppers Are Gaining Popularity

For decades, the age-old advice was to buy the worst house on the best street. However, recent years have seen a shift in priorities. The combined impact of Brexit, which caused a shortage of skilled labour, and the COVID-19 pandemic, which disrupted supply chains, has led to significant increases in construction costs.

Rising Costs of Construction

As of 2024, construction expenses remain significantly higher than pre-pandemic levels. According to UK Finance, costs are 15 to 20 per cent higher than they were in 2020. This trend shows no sign of slowing. The Building Cost Information Service (BCIS) predicts that over the next five years:

• Building costs will rise by another 15%.
• Tender prices—agreements between clients and contractors—are projected to increase by 20%.

These factors initially drove many buyers to prioritise turnkey properties—ready-to-move-in homes requiring no immediate work. However, the tide is beginning to turn as potential homeowners realise the financial and creative benefits of tackling renovation projects.

Benefits of Buying a Fixer-Upper

Financial Savings

Fixer-uppers often come with a lower price tag, allowing buyers to enter the housing market at a reduced cost. Nationally, homes requiring renovation can sell for 12% less than their fully renovated counterparts, translating to an average saving of £44,634.

Personalisation Opportunities

For many buyers, the allure of a fixer-upper lies in the opportunity to create a home tailored to their needs and preferences. Additionally, renovating provides complete control over the design, layout, and features of the property.

Adding Value

Undertaking renovation work can significantly increase a property’s market value. Whether it’s through modernisation, energy-efficient upgrades, or extensions, many buyers see renovation as a way to maximise their investment.

Improved Energy Efficiency

Energy-efficient homes save money in the long term. A three-bedroom semi-detached house upgraded to an EPC rating of C can save up to £2,666 annually on energy bills compared to the same home with an F rating.

The Top London Boroughs for Fixer-Uppers

What the Data Shows

Recent analysis by Rightmove highlights four London boroughs where London fixer-uppers properties present genuine value for money: Enfield, Harrow, Bexley, and Brent. In these areas, buying a property in need of renovation can result in significant savings compared to the average house price.

1. Enfield: A Renovator’s Paradise

Savings: 20% (£102,527 less than the average property)
Average Fixer-Upper Price: £399,086
Average Property Price: £501,613

Enfield tops the list as the most cost-effective borough for purchasing a fixer-upper. With properties priced significantly lower than the borough average, Enfield offers renovators the chance to secure spacious homes in a well-connected area.

Why Choose Enfield?

• Transport links: Excellent connections to central London via the Overground and National Rail services.
• Green spaces: Boasting parks like Trent Park and Forty Hall, it’s perfect for families and nature lovers.
• Diverse housing stock: From Victorian terraces to 20th-century builds, there’s a wide variety of properties to choose from.

2. Harrow: Value in the Northwest

Savings: 17% (£109,550 less than the average property)
Average Fixer-Upper Price: £520,258
Average Property Price: £629,808

In Harrow, buyers can secure properties at a discount of nearly £110,000. Moreover, this northwest London borough offers a mix of suburban charm and urban convenience, making it a desirable location for families and professionals alike.

Why Choose Harrow?

• Education: Home to some of the capital’s top schools, including Harrow School.
• Community vibe: A friendly, multicultural area with thriving local businesses.
• Transport: Served by the Metropolitan and Bakerloo lines, as well as National Rail services.

3. Bexley: Affordable and Family-Friendly

Savings: 13% (£64,312 less than the average property)
Average Fixer-Upper Price: £423,558
Average Property Price: £487,870

Bexley stands out as an affordable option for renovators looking for family-friendly neighbourhoods. Furthermore, with a range of period properties and more modern homes, this borough offers flexibility for buyers with varying tastes and budgets.

Why Choose Bexley?

• Schools: A range of excellent schools, making it a top choice for families.
• Transport links: Easy access to central London via Southeastern trains and the Elizabeth Line.
• Community amenities: Parks, libraries, and recreational facilities cater to a family-oriented lifestyle.

4. Brent: A Growing Market for Fixer-Uppers

Savings: 8% (£47,056 less than the average property)
Average Fixer-Upper Price: £559,125
Average Property Price: £606,181

Brent offers the smallest percentage saving of the four boroughs but remains an attractive option for buyers seeking affordability in an area with strong growth potential.

Why Choose Brent?

• Diverse culture: Home to iconic locations like Wembley Stadium and a vibrant multicultural community.
• Investment potential: Rapid development and regeneration projects are boosting property values.
• Transport: Extensive links via the Jubilee, Bakerloo, and Metropolitan lines, as well as Overground services.

Who Is Buying Fixer-Uppers?

Renters Seeking Affordability

Rightmove’s survey reveals that 68% of renters see fixer-uppers as a stepping stone to property ownership. Moreover, with rents soaring by 61% nationally over the past decade, the dream of home ownership has become increasingly elusive for many. Consequently, renovation projects offer an alternative, allowing renters to buy homes at a lower upfront cost.

Motivations Beyond Cost

Aside from financial considerations, buyers are drawn to fixer-uppers for other reasons:

• Customisation: The ability to design a home to their exact specifications.
• Value growth: Increasing a property’s resale value through renovations.
• Energy efficiency: Upgrading to save on long-term utility costs.

Considerations Before Buying a Fixer-Upper

While the potential benefits of purchasing a London fixer-uppers are clear, there are important factors to carefully consider.

Budgeting for Renovations

Renovation costs can quickly add up, especially with rising construction expenses. Be sure to:

• Obtain multiple quotes from contractors.
• Account for unexpected expenses by setting aside a contingency fund.

Understanding Planning Permissions

Certain renovations may require planning permission; therefore, it is essential to check local council regulations to avoid delays or fines.

Assessing Structural Issues

Always commission a thorough survey to identify any major structural problems. Addressing these can be costly and time-consuming.

Is a Fixer-Upper Right for You?

In conclusion, as Tim Bannister from Rightmove explains, “Tackling a renovation project could be a more affordable way to get on the ladder and to make a space your own. While they do require time and planning, many find the process worthwhile, as it can offer both financial benefits and the satisfaction of creating a home that truly fits their needs.”

If you’re willing to put in the work, buying a fixer-upper in Enfield, Harrow, Bexley, or Brent could be your path to property ownership in London.