Plumstead has been named as the cheapest place to rent a two bedroom property in London.

The average rent for a two bed property in Plumstead is £1,143 per month, seven times cheaper than Mayfair, the most expensive area in London.

According to research from property website Right Move, south-east London dominates the top twenty cheapest areas to rent in London, with Eltham, Catford, Sydenham, Hither Green and Lee also appearing in the list.

Robinson Jackson, an estate agent who has branches in south-east London, has been charting the rise of Plumstead.

Lettings Manager Alexa Joyeux said: "In the last 18 months we have seen rental values rise in the region of 20 per cent as tenants position themselves in Plumstead ahead of Crossrail's opening.

"We've also noticed a change in the type of tenant applying for properties - they're coming from further afield and many of those have been priced out of areas like Bow in east London and south-west London boroughs.

"Plumstead retains a level of affordability mixed with good housing stock - lots of pretty Victorian terraces - wide open spaces that include Plumstead Common, Winn's Common and Oxleas Woods, plus a very short journey to the revived and regenerated Woolwich town centre."

In Greater London the average rent for a two bedroom property has increased by more than six per cent in one year, from £2,086 per month to £2,216.

Demand for rental property in London is also at a record high, with a 69% increase in email enquiries sent from home-hunters to letting agents in the past year.

Rightmove's head of lettings, Sam Mitchell said: "The London rental market has always been fast-paced but over the past year we've seen demand increase to record levels."