Property: What you can get for under £250k in east London
A £250,000 price tag was recently slapped on a one-bedroom studio garage in Highgate, north London.
So we took a look at whether buyers with the same budget can get a little more for their cash in Canary Wharf and the east of the capital?
While Cory Askew, area director for Chesterton Humberts, admitted the task would not be an easy one, he suggested buyers should look to the south of the Isle of Dogs for the best chance of discovering a property within their price bracket.
He said the bulk of these homes would be within developments built in the '80s or '90s.
"If you look at the southern part of the Island, in some developments you would find a one-bedroom or maybe a one-bedroom with river views for £250,000," he said.
"As you go closer to Canary Wharf and the glass and steel structures that make up the north part of the Isle of Dogs, with Pan Peninsula and Canary Riverside, I doubt there's ever anything worth £250,000 on the books.
"In this area, it is one-bedrooms and studios that are in high demand and short in supply, and the demand is particularly strong from first-time buyers certainly and investors.
"We do see quite a lot of interest in these - particularly because everyone wants to keep under the stamp duty limit of £250,000.
"If you go over by £1 extra that's £5,000 in costs you have to find. It's not easy.
"With the kind of people who come to Canary Wharf, you generally don't find buyers saying their budget is a maximum of £250,000. When you do, we have only generally got a few options and, if it's a first-time buyer looking for a two-bedroom home for £250,000, the opportunities are even harder to come by.
"It would be a studio, or a one-bedroom flat down on the Island or an ex-local authority apartment."
Although it may be a tricky task, Cory said Chesterton Humberts currently had two such properties on its books that would perfectly fit the bill for eager property hunters.
The first, a two-bedroom ex local authority apartment on the 18th floor of the Elmslie Point development in Leopold Street E3, has an asking price of £228,000.
And it is the home's south-facing views of Canary Wharf that are sure to impress.
Cory said: "I know people have certain images of what ex-local authority blocks are like but this is nice. Its got artwork in the building and it's all about the views.
"It's priced very reasonably and if you go further up Burdett Road it is a little rougher, but certainly not gangland territory.
"You can pick up some good stuff property-wise."
If you fancy something a little closer to the hustle and bustle of the Wharf, Cory said an 11th floor studio flat at Ballymore's New Providence Wharf scheme, priced at £229,950, might suit.
"People who are viewing it are Monday-to-Friday workers on the Wharf who are buying a flat because it's more economic rather than staying in a hotel room," he said.
With many properties exceeding the £250,000 budget-mark Cory said agents were currently "making hay" - a trend he expects to continue with the Government's Help to Buy scheme soon to be opened up to buyers who already own property.
"Certainly in the Canary Wharf market, our futures as agents are tied inextricably with what happens in the financial services sector," he said.
"If the banks are all doing well and are relatively upbeat, we find our business is very good. There's certainly a lot more optimism there.
"The time to start worrying is when the banks start raising fixed mortgage rates - that would take the wind out of our sails - but it would have to go up a long way to make that much impact."