London's emerging homes hotspots: the top 10 Tube stations to watch

Fast journeys to work and good-value property are leading first-time buyers to target homes close to Underground stations in Zones 3 and 4. We reveal the top 10 Tube stops that are in highest demand...
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London's first-time buyers and young families are homing in on the areas around Tube stations in Zones 3 and 4, according to research on the capital's extensive Underground network by online estate agent eMoov.

Demand for flats and houses close to East Ham Tube station is growing at the fastest rate across the entire network, rising by 26 per cent over the past six months. Buyers are being tempted by good transport links - including both the District and Hammersmith & City lines - as well as good-value properties. 

The combination of solid Victorian stock and flat conversions is attracting those priced out of neighbouring Hackney and Walthamstow, according to Abdul Moqtadir, a sales negotiator for Bairstow Eves estate agents in East Ham. One-bedroom flats can still be found in the area for about £170,000, while Victorian family houses are priced under £400,000. 

"Demand certainly exceeds supply," says Moqtadir. "Newham is one of London's poorest boroughs, but thanks to the Olympics it is now on the radar of buyers from all over London and of course, the council is investing in infrastructure. It's an exciting time - over the next five years the area is going to change a lot." 


Demand is also up by 25 per cent in Woodford, Zone 4 on the Central line, making it London's second-biggest climber in terms of local demand for property. "This area is popular with families selling in Zones 1-3, who are looking to get more house for their money within the catchment areas of reputable state and private schools," says Richard Harman, senior property consultant at Hetheringtons. 

However, first-time buyers are largely priced out of the area and so are directed towards Barkingside, where starter homes cost an average £192,498 - about £60,000 cheaper than in Woodford - but are still on the Central line and in Zone 4. It sits in eighth position. 


Indeed, east London stations account for eight out of the 10 "fastest climbers" in the report. Russell Quirk, eMoov's founder, cites good transport links via the Jubilee and Central lines, as well as the development of the Crossrail project, and adds: "Strong demand for these areas should remain due to the improving transport infrastructure, as well as the affordability of property when compared to the rest of the capital."

Upton Park's tightly packed rows of Victorian terraces mean that opportunities to accommodate growing demand from buyers on a budget have been limited. However, that could be set to change - thanks to the world of football. 

"West Ham's move from Upton Park to the Olympic Stadium at the end of this season will mark the first opportunity to build new homes in the area for over a generation," says research director for Hamptons International, Johnny Morris.

Other popular areas for home hunters in east London include Walthamstow in Zone 3, where the Victoria line is being upgraded, and Barking in Zone 4 - where the promise of an Overground extension is attracting Londoners looking for well-priced homes and an easy commute.

Data sourced from listings across major property portals. Data sample was collated during January 20/21 and July 20/21 2015.

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