Tuesday, 22 August 2017

Revealed: varying cost of living near a railway

HYBRID estate agent eMoov.co.uk has published its latest study into the UK property market — comparing

HYBRID estate agent eMoov.co.uk has published its latest study into the UK property market — comparing the cost of average house prices across each overground train station in England, Wales and Scotland.

It grouped all 14 of London’s major terminals to find the average price of £1,024,070 — which as expected was the highest in the country.

Outside of central London, the average property price throughout all train stations was found to be £221,000 — quite a difference in price.

Interestingly, outside the capital, the most expensive place on the rail network to buy a property was found to be our very own town of Henley, where the average property (according to eMoov) costs £731,000.

Treherbert in Wales was found to offer the lowest property price point on the whole UK rail network, with an average cost of just £58,000 — that’s about 12 properties for the price of one in Henley and its surrounding villages.



Russell Quirk, founder and CEO of eMoov.co.uk, said: “The latest trend for homeowners in London has been to forsake the capital’s inflated property market for the commuter belt. But when you look elsewhere in the country, there are other examples of homeowners opting to live outside larger cities to save on the price of their property.”

He added: “It’s always interesting to see which pockets of the nation are outperforming the rest from a property point of view, as well as the big jumps between stations.”



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