Leading hybrid estate agent, eMoov.co.uk, has released its latest research into the UK property market, charting the average house price across each overground train station in England, Wales and Scotland.
eMoov previously conducted the same research across each of the London Underground tube stations and have now applied it to train stations the length and breadth of the nation.
eMoov grouped each of London’s 14 major terminals to determine the overall London average of £1,024,070, the highest across the nation as you could probably have guessed.
Outside of the central London bubble, the average property price across all stations came nowhere close to the capital, just tipping £221,000.
Even outside of London’s main terminals the capital accounted for the highest house price of all stations on the map, with property prices around Wimbledon costing an average of £736,000.
Outside of the capital as a whole, Henley-on-Thames is the most expensive place to purchase a property on the rail network, with the average property costing £731,000.
At just £58,000, Treherbert in Wales offers the lowest property price point on the entire rail network. That’s more than 12 properties for the price of one around Henley-on-Thames, but you would have to forgo the yearly regatta.
Although for the sake of a four-hour train journey and £40, you could still make the regatta and save yourself nearly £673,000.
Founder and CEO of eMoov.co.uk, Russell Quirk, commented:
“Although it is essentially a bit of fun, 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.
For example, a property around Kirkham and Wesham station will set you back over £200,000, one stop down the line to Blackpool North and this drops to just £82,000.
The latest trend for homeowners in London has been to forsake the capital’s inflated property market for the commuter belt surrounding it. 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. This property rail map allows you to visualise these.
Making the choice to commute one stop from Thornaby into Middlesbrough can save you nearly £40,000. One stop from Swansea to Llanelli means paying over £30,000 less for a property. Even far down west, one stop from Newquay to Par saves you nearly £70,000!”