There are just 387 properties currently for sale at £300,000 or less in London Travel Zones 1 and 2 that would be stamp duty exempt for first-time buyers, according to HouseSimple data.

Extending the search area to include Travel Zone 3, the number of stamp duty exempt properties increases to 1,235.

Not surprisingly, the Royal Borough of Kensington and Chelsea has the fewest stamp duty exempt properties, with just six, including a tiny 113 square foot studio flat, in SW5, Earls Court. The boroughs of Camden and City of Westminster, both have just 18 stamp duty exempt properties currently on the market.

First time buyers should head to the borough of Croydon for the largest number of stamp duty exempt properties on the market today. Croydon has 795 properties