Night Tube: Tottenham Hale revealed as the most affordable property hotspot for the new 24-hour network

New research reveals the 10 most affordable stops to buy along London's Night Tube network as addresses along the Central and Victoria lines benefit from 24-hour connections.

Good transport links are essential to Londoners, so it's no surprise that homes close to train stations command premium prices.

With the launch of the new 24-hour service on Friday and Saturdays for the Central and Victoria lines, residents who live near the stations along these two key Tube routes are about to have faster weekend connections, all night long.

House prices average almost £885,000 along the Central and Victoria lines, outstripping the London average by more than £300,000.

Of course, this is largely due to the multi-million pound price tags attached to many prime central London homes. The average house price near Marble Arch, in Zone 1 and on the the Central line, stands at £2.5 million, while property prices close to Oxford Circus on the Victoria line have reached an average of £1.9 million.

However, once you head out to Zones 2, 3 and 4, where the Night Tube will be valued most, average asking prices do start to come down.

The up-and-coming spot to watch: Tottenham Hale, Zone 3
The average house price for north London's Tottenham Hale, in Zone 3 on the Victoria Line, is £347,000 - making it the cheapest area in which to buy a home along the Night Tube network.

Harringey council hopes this will be “London’s next great affordable neighbourhood of choice”, thanks to the developer behind the regeneration of King's Cross striking a deal to regenerate the area with hundreds of new homes, jobs, shops and leisure facilities.

MAP OF PROPERTY PRICES ALONG THE CENTRAL AND VICTORIA LINES, CLICK TO ENLARGE: 

emoov-night-tube-map.jpg

The Olympic champion: Stratford, Zone 2
You can buy a property for £363,000 in east London's Stratford, in Zone 2 on the Central Line, which has seen huge transformation since the 2012 Olympics.

The district has also been upgraded to travel Zone 2/3 by Transport for London earlier this year, and is set to further benefit from the high-speed Crossrail link, the Elizabeth Line, when it opens in 2018.

The Night Tube is starting this weekend

The ones to watch
"The introduction of the night Tube service should only help boost the value of the properties surrounding stations due to benefit from the service," says Founder and CEO of eMoov.co.uk, Russell Quirk, who provided the data.

Loughton, in Zone 6 on the Central Line, is a promising district for home buyers searching for value, as Quirk says the high level of demand means that house prices have increased by five per cent in the last 12 months.

Gants Hill in Essex and Barkingside are also spots to watch as Londoners, increasingly pushed further out of the City in search of better value homes with easy commutes, continue to boost demand, and therefore prices.


Follow us on Twitter @HomesProperty and Facebook

Comments