The most affordable homes along the night Tube
The night tube launches this weekend along the Central and Victoria lines in London, so one property agent has uncovered how much homes along the routes cost.
The Victoria line boasts the cheapest stop, with the average house price around Tottenham Hale station at £347,389, according to eMoov’s research.
With an average price of £435,906, Blackhorse Road and Walthamstow Central are the only other Victoria line entries in the top 10 most affordable locations, in ninth and tenth place respectively.
The Central line fills out the rest of the table from second to seventh with Gants Hill, Newbury Park (£362,303), Stratford (£362,886), Barkingside, Fairlop, Hainault (£368,993) and Leyton (£400,885).
Tottenham Hale is also the most in demand tube stop across the initial night tube service with property demand at 56%. Woodford (51%) and Leytonstone (49%) are the most in demand stops on the Central line night tube service.
Marble Arch is the most expensive location
At the other end of the scale, the most expensive place to buy is near Marble Arch tube station on the Central line, where house prices are an eye-watering £2,512.030 on average.
On the Victoria line, the most expensive location was Oxford Circus, (which is also on the Central line) where prices were £1,934,159 on average.
Then average cost of property along the Central line comes in at £858,034, with the Victoria line the more expensive of the two at an average of £939,812.
In terms of property prices changing over the last year, the stations that have enjoyed the largest increase are Warren Street and Euston, both on the Victoria line, with property values up 8% in the last year.
However, Chancery Lane (-6%), Holborn (-5%) and Bank (-5%) on the Central line have all seen the biggest falls in value over the last year.
‘Property close to good transport links will always command more’
Founder and CEO of eMoov.co.uk, Russell Quirk, says: “In London in particular, property close by to a good transport link such as an underground station will always command more where price is concerned. In fact, transport links have almost become an additional feature of the property itself and a great bargaining chip during the house selling process.
“The introduction of the night tube service should only help boost the value of the properties surrounding stations due to benefit from the service.”
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