Property Prices & Tube Lines

May 17th, 2013 | By | Category: House Key, Portfolio, Residence

Wetherell Map Highlights London’s Most Expensive Tube Stations To Reside Next To

property price map

 

Transport links have long dictated property prices in London, now a report from estate agents Wetherell has provided us with some interesting figures regarding residential prices and tube stations. The report offers a break down of residential prices around different tube  stations in London.

av sale price and rental val jpeg

Unsurprisingly Knightsbridge is the most expensive tube station to live next to with the average 2 bedroom apartment selling for £2.67m and rent at £1,252 p/w, it is on the doorstep of One Hyde Park and Harvey Nichols. Sloane Square follows with an average  selling price of £1,444,417 and rent p/w of £820 for a 2 bedroom apartment. At the other end of the spectrum 2 bed properties near Kings Cross station are far cheaper, sales average at £466,524 and rent p/w at £512.

In terms of Tube lines the Piccadilly line is London’s most expensive Tube line, followed by the District, Circle and Central lines. The Northern Line is the least valuable Tube line in Zone One.

Peter Wetherell, managing director of Wetherell, said: “People talk about Postcode Power, but from our new Wetherell Tube map Londoners will be able to have an easy way to view dramatic property price and rental rises and falls between tube stations. It’s staggering to see that just a few stops along same the Tube line can mean rises and falls in property values worth hundreds of thousands and even millions of pounds.

“This exciting new map shows the value of property in London’s West End and west London. It also gives Londoners the ability to question property developers, estate agents and landlords about whether they are living close to a “good value” tube station or “poor return” Tube station.

“The Tube-linked data we have produced provides a starting point for Londoners looking to buy and rent property in the heart of the capital.”

This map is a great tool for house hunters to use when selecting an area to reside in, it also highlights the vast changes in property values as you move from one area to the next.

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