fbpx

One tube stop saves Londoners £1m

Sarah Davidson

February 10, 2015

Buying a house in Green Park rather than Bond Street, which is one stop away on the Jubilee Line, saves the buyer £1m based on the average house price.

Similarly living in Finchley Road rather than Wembley Park on the Metropolitan saves £600,000, although the distance between the two stations spans Zones 2 to 4.

Russell Quirk, chief executive of eMoov.co.uk, said: “Savvy buyers looking for the next tube hotspot should consider where new gaps could appear along the network, such as the Northern line extension to Nine Elms and Battersea in South London.

“Over the next few years these locations and there surrounding areas will see a dramatic rise in house prices and demand as they open the new service.”

There is a significant price gap between homes in Vauxhall and Stockwell on the Victoria Line, as buying in the latter location is £280,000 cheaper.

And on the same line the gap between Stockwell and Brixton is even greater, as Brixton homes are £480,208 cheaper.

The northern section of the Victoria line also sees significant price gaps, as buying Highbury & Islington rather than Kings Cross is 390,465 cheaper and buying in Seven Sisters rather than Finsbury Park is £177,421 cheaper.


Sign up to our daily email