London property prices set to stay “on track”
The night tube service is set to start this weekend, with services on the Central and
Night Tube property prices
Typical house prices in
The average along the Central tube line comes in just shy of this at £858,034, while the Victoria line is even more expensive at an average of £939,812 – and unsurprisingly, it's stations in Zone 1 that dominate the most expensive list across the two lines.
Marble Arch is the most expensive tube stop across the service, with average property prices standing at an eye-watering £2.5m. This is closely followed by
It's a different story at the other end of the scale, as although the least expensive stations are still high by national standards, their properties are far more affordable than some areas. For example, Tottenham Hale is the cheapest stop with an average price of £347,389, followed by properties around Gants Hill and Newbury Park (£362,303); Stratford (£362,886); Barkingside, Fairlop and Hainault (£368,993); Leyton (£400,885) and Blackhorse Road and Walthamstow Central (£435,906).
The picture is less clear in terms of price rises. The capital has been hard hit by economic changes in recent months, particularly the high-value sector of the market, which means that some areas have actually seen prices fall.
For example, property values across the Central and
"The introduction of the night tube service should only help boost the value of the properties surrounding stations due to benefit from the service."
The level of demand for properties in such areas will undoubtedly have a positive impact in the months to come, and as the research found, many areas are already experiencing a surge in demand from house-hunters. If you're looking to benefit, it could be a great time to get involved – mortgage rates are at record low levels, and if you've got the right deposit to fund a purchase of this type, get on board!