With average property prices reaching ever closer to the £600,000 mark, those looking to own their own slice of the capital are constantly searching for the next up-and-coming spot to make the most of their money. For house-hunters that have been starting to worry about being forever priced out of the London property market, we’ve put together a shortlist of the five top spots that can still be deemed “affordable” – sort of.

Woolwich, Greenwich

Woolwich is set to benefit hugely from the new Elizabeth line opening in 2018, which will provide a direct service into Canary Wharf and the City. 5,000 new homes have already been planned as part of the £1.2bn Royal Arsenal Riverside development, and a plethora of currently derelict estates are also on the list to be renovated. In exchange for moving to Zone 4, you can currently snap up a decent 2-bed from about £250,000.

Acton, Ealing

The trendsetters have picked up the Acton buzz, and already you can find an array of trendy bars and independent cafés. At the moment, you can reach Acton via rail or underground, with the Central, Piccadilly and District lines all reaching at least one of its five tube stations (spanning Zone 2 and 3), but come 2018 it’s also set to feature on the Crossrail map. Prices are just starting to creep up here, with an attractive 2-bed flat setting you back at least £325,000.

Nunhead, Southwark

If you’re desperate to live centrally, the relatively hidden village of Nunhead is your best bet. Sandwiched between East Dulwich and Peckham Nunhead is leafy, historic, and slowly growing in popularity as buyers are priced out of surrounding neighbourhoods. While you might not be able to snag one of the beautiful period properties scattered across the centre (nor will you catch a tube; the area is only served by national rail and bus services), a nice 2-bed will only cost you around £325,000.

New Cross, Lewisham

Situated about 4 miles south-east of Charing Cross, New Cross neighbours our previous spot, Nunhead, as well as Deptford, Brockley and Peckham. It’s got a very definite sense of character which, thanks to housing Goldsmiths, University of London, is quirky, deeply creative and youthful (read: full of students). Despite a relatively central location, prices remain low – this is party thanks to a wide range of housing stock, but also because the A2 runs right through the centre. Not everyone’s cup of tea, but the silver lining is that train users can almost completely ignore it and make use of the fast and frequent rail options. Prices start at £355,000 for a clean, modern 2-bed flat.

Hackney Central, Hackney

If Nunhead and New Cross aren’t quite close enough for you, how about Hackney? Bordering the central City of London, Hackney offers urban life at its finest, while somehow managing to offer a slew of reasonably-priced properties. Liverpool Street station is just moments away via the Hackney Downs railway station, and Hackney Central is accessible via Overground service. With a number of new housing developments on their way, now could be the chance to find a bargain – you can find a cosy-but-workable flat for £375,000, although stretching to £400,000 will open up more choice.