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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

London homes 500m from station ‘command £42,700 premium over those 1,500m away’

Terrace houses on either side of a railway line in London.
Terrace houses on either side of a railway line in London. Nationwide studied the value that buyers and renters place on being close to transport hubs in London, Manchester and Glasgow. Photograph: Dan Chung/The Guardian

People buying homes in London 500 metres from a tube or railway station pay £42,700 more than buyers of similar properties 1,500 metres away from transport hubs, according to new data.

The figures indicate that despite the reshaping of the housing market sparked by the coronavirus pandemic and dramatic changes to working patterns, the traditional estate agent mantra of “good transport links” continues to wield its power over buyers.

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