Cross the river: new-build three-bedroom houses for under £400k can be found in this south-east London spot

Erith, a somewhat bleak, south-east outpost with a high level of dull social housing in Bexley borough, is one of the few places in London where you can buy a new three-bedroom house for less than £400,000.

But with so much Thames-side regeneration and the bonus of Crossrail stations opening next year at nearby Abbey Wood and Woolwich, the future promises better homes and neighbourhoods for priced-out Londoners. Currently the district is a 40-minute commute to London Bridge or Cannon Street.

First up is The Quarry, an eco development of 470 houses and 130 flats plus a primary school, park and play areas for children.

Prices start at £325,000 for two-bedroom houses, with the low deposit Help to Buy scheme available too.

Call London & Quadrant housing association 0333 0033 737.