londoners are flocking to this 'underrated' neighbourhood for £15,000 discounts

One South London neighbourhood was previously named one of the UK’s coolest (Picture: Getty Images)

Plenty of greenery,charity shops,and a thriving street art scene.

Tucked away between Crystal Palace and Anerley,Penge in South London was shaped as a Victorian suburb after the railways were built.

Fast forward to 2025,though,and it’s one of the coolest neighbourhoods in the UK.

It’s notably cheaper than its slightly bougier neighbour (to the tune of almost £20,000),making it a solid choice for those wanting to soak up the vibes of Crystal Palace without shelling out quite to the same extent.

Earlier this year,Penge even made it onto The Sunday Times’ list of the coolest neighbourhoods in the UK,recommended for ‘under-the-radar Londoners’ for its abundance of independent coffee shops,flourishing high street,and rooftop art gallery.

So,if you’re looking for new digs with plenty of character that have a trendy vibe with a slightly lower spending requirement,Penge could be the one.

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This article was originally published on July 4,2025.

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