Night Tube:rising Zone 3-6 rents tipped to soar further near London stations with 24-hour service

As London rents are tipped to rise once the capital gets hooked on the 24-hour Tube service, we find the top 15 cheapest rental hotspots along the Night Tube network...

Rent rises are predicted to follow the launch of London's Night Tube service as transport links improve to the outskirts.

Rents near Night Tube stations in Zones 3-6 have already risen by up to 20 per cent during the last two years, outstripping the average rate of growth across London by seven per cent.

"We definitely expect to see these areas increase in price more than the average over the next year or two. New transport improvements drive prices up, but you’ll generally see that first in sale prices," says Matt Hutchinson, director of flat share site SpareRoom.co.uk, the source of today's data.

With this in mind, renters in the capital should move quickly to secure multi-year rental contracts.

The Night Tube is starting this weekend

Central line
Loughton in Essex has seen the biggest increases along the Central line, with room rents rising by almost 25 per cent, to £568 per month, since the Night Tube plans were unveiled.

With twice as many homes for sale as there are to rent, flats close to the station are in high demand. Loughton is one of the cheapest places to buy and rent along the entire Tube network, but it is not quite as cheap as the nearby IG6 postcode which covers Hainault, Fairlop and Barkingside stations. Even with price hikes of almost 19 per cent, rents in that area still average £538 a month.

Victoria line
E17, which includes Walthamstow Central and Blackhorse Road stations, has had huge house price rises in recent years, as good transport links and regenerated town centres attract Londoners seeking more affordable housing.

This increased popularity means that rents have increased by 21 per cent since 2014 and there's still room for growth.

Nik Madan, president of the Association of Residential Letting Agents, says: "It will mean less time spent on late-night buses for those living in Epping or Walthamstow and will make the prospect of living further out of London more attractive to renters – especially as rent costs continue to rise in the centre."

Piccadilly line
Along the Piccadilly line, rents have risen the fastest in Northfields, in west London, increasing by 27 per cent to an average monthly rate of £714.

Neighbouring Boston Manor and South Ealing have also had price spikes of 19 per cent, to £672 and £719 respectively, with planned Crossrail links at West Ealing and Ealing Broadway already boosting house prices nearby.

Jubilee line
Huge regeneration projects are also a catalyst for rent rises of 20 per cent in North Greenwich and Canning Town in east London, where monthly rents average £730.

Northern line
So far, price rises along the Northern line have been comparatively modest, with only Colindale, in north-west London, seeing increases above 17.5 per cent.

However, experts predict this is likely to change.

"Transport links are a major player in influencing demand and, in turn, rent costs, so as end-of-the-line areas become better connected, there’s a chance we’ll see price rises," says Madan.


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