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Metropolitan line the most affordable in London – Barratt

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  • 15/12/2017
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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.”

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