Homes near tubes cost £42,000 more

22nd August 2014

A survey by Nationwide has indicated that London property buyers are prepared to pay an average of £42,000 extra for homes that are within 500 metres of an underground station.

The “station premium” has increased significantly, from £27,000 two years ago. The survey shows that across London house prices are 10.5% higher at 500 metres distance from a tube station, falling to 7.6% at 750 metres, 4.9% at 1,000 metres and 2.3% at 1,250 metres.

Evening Standard (20/08/14)