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Depends on your Southern horizon. If you've got a decent view about 40 degrees above the horizontal then Saturn, Mars, Jupiter, Venus and the moon will be regular reasonable targets for a modest c. 200 quid telescope.
If you're thinking of nebulae and star clusters then you need to be mobile or spending money on fancy mounts.
Backstop
What are you likely to see with an average telescope in a typical London garden. Is the light pollution too bad to see anything but the moon or can you still see stuff?