You are here: Home - News -

Metropolitan line the most affordable in London – Barratt

by:
  • 15/12/2017
  • 0
Metropolitan line the most affordable in London – Barratt
The average 10% home deposit and monthly rents for properties around 265 London Underground Stations have been mapped using research from the homebuilder Barratt.

The research examined the average cost of homes within the post codes of London tube stations, and found that nine out of the ten most affordable deposits were along the District line – which averaged £35,022.

The cheapest station to live near to was Dagenham East on the District, with an average property price of £310,000 requiring a typical £30,895 deposit.

However, when comparing the 11 underground lines in their entireties, the research found the Metropolitan line to be the most affordable on average, with a typical deposit of £94,000.

With the central spots of the District line within commutable distance of creative centres such as Old Street and Shoreditch, this line as a whole saw an average £152,158 deposit – despite having nine out of the ten most affordable stops in London.

Across all 265 stops analysed by the research, the average deposit stood at £105,898. This means that buyers looking for an average London home would see properties close to Hammersmith station where there was an average deposit of £105,456, or East Putney at £106,136.

 

Renter lines

The District and Piccadilly lines dominate on most affordable rents, averaging £1,200 less than the city average of £2,479.

The two lines shared eight out of the ten most affordable stops, including Elm Park on the District line with an average rent of £1,146, and Hatton Cross on the Piccadilly line with average rent of £1,180.

Meanwhile, Watford, on the Metropolitan line, offers the cheapest overall rent at £1,083.

A spokesperson for Barratt London said: “Commuting is such a crucial aspect to life in London that people need to find their most effective way to get around the city.

“From our research, it’s important to highlight that there are affordable areas to buy in London that remain within a stone’s throw of a tube station.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
conveyancing-advert
Law Society undertakes full review of Conveyancing Quality Scheme – exclusive

The Law Society is carrying out a “comprehensive review” of its Conveyancing Quality Scheme (CQS) accreditation following a ruling by...

Close