Data from the Living Space Premium Index has revealed which London boroughs offer the best value for money based on how much space would‑be buyers and renters can access.
The index was created by UK space‑saving furniture company Furl and assesses the capital’s boroughs using a range of housing and affordability indicators.
The ranking categorises London boroughs using factors including average home size, house prices per square foot, rental costs per square foot, affordability relative to local earnings and population density.
Downe Village (Image: Emily Davison)
Boroughs are scored on a scale from 0 to 100, with lower scores indicating better value and greater access to space, and higher scores showing that residents are paying more for less living space.
London boroughs were analysed separately from the rest of the UK due to the capital’s size, density and distinctive housing market, with the City of London excluded from the analysis.
Bromley town centre (Image: Google)
Bromley was ranked as the second highest borough overall in London for value for money when it comes to space.
It came just behind Enfield, which took the top spot, and ahead of Havering in third place.
The borough recorded an overall Living Space Premium Index score of 25.4, indicating strong value for living space compared with most areas of London.
The borough recorded a home size score of 46.1, reflecting comparatively generous average property sizes, while its price per square foot score of just 6.7 suggests homes are significantly more affordable on a space‑for‑money basis than in many other parts of the capital.
Rental costs also compare favourably, with a rent per square foot score of 20.6, helping keep overall affordability relatively strong.
Bromley High Street (Image: Google)
Affordability relative to income further boosts Bromley’s position, with an ownership affordability score of 18.9 and a rental affordability score of 46.1, indicating residents are able to secure more space for their earnings than in many neighbouring boroughs.
The borough’s population density score of 0.0 also strengthens its ranking, reflecting lower density and less pressure on available living space.
Overall, the figures show that Bromley combines relatively affordable housing costs with lower density and decent average home sizes, allowing residents to access more space than those living in many inner London boroughs.
