Property in Bexley is cheaper than nearly anywhere in London, whilst you are more likely to bag a bargain in Greenwich than in Lewisham or Bromley, new figures have revealed.

Bexley’s average house price of £304,000 makes it a better bet for aspiring first-time buyers than anywhere else in the Capital, aside from the Essex crossover of Barking and Dagenham which has an average cost of £246,200.

The data was released by online estate agents eMoov earlier today (May 25), in a bid to expose the increasingly “unobtainable” cost of London housing – where the average property now costs a whopping £550,000.

However, the reality of this is even bleaker – as the company reveal how little the average price tag of just over half a million can actually get you in the city.

Across London, less than half the properties currently on the market (46 per cent) are equal to or less than the average price.

In some central London boroughs, only six or seven per cent of properties cost £550,000 or less – compared to Bexley, where 91 per cent fit the bill.

It’s good news for potential buyers in other areas of south-east London too – all News Shopper’s patches were amongst the 13 boroughs where the majority of properties cost £550,000 or less.

The data showed Greenwich had the biggest discrepancy of prices, with nearly three quarters (72 per cent) of homes costing the London average or less – despite a high average price of £523,200.

By way of contrast, in Lewisham, where the average property price is £410,000, just 66 per cent of properties are listed for less than the London average.

And in Bromley, where the average price is £423,700, just 61 per cent cost less than the average.