Buyers purchasing a property in Wembley Park would pay an average of £404,000 compared to £1.4m in Finchley Road which is eight minutes on the tube closer to central London.
The same large differences in price can also be seen by moving one stop and zone from Hampstead in Zone two to Golders Green in Zone three, where the average prices are £1.4m and £962,000 respectively, resulting in a saving of almost half a million.
The trend extends to western parts of the Capital. The average house in Zone two’s Turnham Green costs just under a million, while a price in Acton Town, just four minutes away, totals just over £500,000.
The most affordable properties in London can be found in Zones four and five, with Barking, Dagenham East and Beacon Tree all offering an average house price of £237,000 to £240,000.
Russell Quirk, founder and CEO of Emoov.co.uk, said: “The tube map is a fascinating way of breaking down the London landscape, especially where property price is concerned.
“Despite the constant threat of strike action, a property close to a tube stop, on a good line, remains one of the most sought after pieces of property in the Capital. Close proximity to a tube stop will always act as an additional selling point for sellers and in most cases, is justification for a higher asking price.”
I have never read so much Garbage in my life. It has very little to do with the tube, it is down to the type of property, the type of people who live there, plus social life, which includes restaurants, Churches or other forms of place of worship, Schools, open spaces, safety etc. To compare Hampstead to Golders Green is ridiculous ! The majority of Golders Green is 1930’s mid terrace and a few older properties, whereas Hampstead tends have a lot of Edwardian properties, which are much larger. Move further up the road to Hampstead Garden Suburb, where you will find that a 6 Bedroom house will cost you £14.5 Million !! You will find bordering the Suburb ” The Bishops Avenue, which finishes close to East Finchley tub. The Bishops Avenue is the most expensive road in the UK, where you will find a building plot albeit 1.5 acres, for one house is £25 Million ! So, as we can see House prices are a little more complex than Tube Stations !