The price/commute equation is one that anyone who's looking to buy in the capital must reconcile - generally the further you live outside of central London, the cheaper the average house price but the longer commute.
A new report by Hamptons, released today, shows how direct rail links into the heart of central London cut straight across London’s inner suburbs, meaning it can be quicker to get home to some Zone 6 suburbs from central London than it is to many parts of Zone 2.
The locations which offer journeys at Zone 3 speeds for Zone 4 prices range from the modern delights of Wembley to leafy Richmond. Norwood, in south London, has seen the strongest price growth in this category — up 15.7 per cent in the last year to an average £328,288. The journey to London Bridge takes 17 minutes.
The Zone 4 homes hotspots where you can get to central London quicker than you can from Zone 3
|Station||Operator||Zone||Minutes into Zone 1||Zone 1 destination||Average price||12 month price growth|
|Wembley Central||London Midland||4||12||Euston||£389,608||6.6%|
|Wembley Park||Metropolitan Line||4||13||Baker Street||£364,664||7.6%|
|Hanwell||Great Western Railway||4||15||Paddington||£525,483||7.9%|
|Richmond||South West Trains||4||16||Vauxhall||£812,433||6.5%|
|Finchley Central||Northern Line||4||16||Euston||£762,422||5.5%|
|Raynes Park||South West Trains||4||16||Vauxhall||£766,624||6.7%|
|Lower Sydenham||Southeastern||4||16||London Bridge||£469,955||4.2%|
|Norwood Junction||Southern||4||17||London Bridge||£328,288||15.7%|
Though some of the fastest commuter locations win out because they offer Overground services to central London there are exceptions for those who prefer the Tube. Finchley Central, for example, in Zone 4 on the Northern line, offers a busy high street, good schools, a growing range of cafés and restaurants and average property prices of £762,422, up 5.5 per cent year on year. Trains to Euston take 16 minutes.
David Bettis, director of Bennett & Hall estate agents, says the local market is “slow and steady” with second steppers moving in from more expensive nearby areas like Muswell Hill and West Hampstead to “buy a house for flat money”. A three- to four-bedroom period house costs about £700,000.
“The schooling is very good, there is good open space — you can cycle to Hampstead Heath in 15 minutes — and apart from the Tube the road connections are excellent,” he adds.