Living close to rail links costs a premium

Nationwide Building Society has compared prices within 500 metres of the nearest metro or railway station with similar properties 1.5 kilometres away. The analysis reveals that home buyers in London pay a typical premium of £46,800 to be close to transport links, while those in Glasgow and Manchester face paying around £11,000 more on average. Andrew Harvey, Nationwide's senior economist, said: “The Circle line serves the capital's most expensive areas taking in much of central London. Average house prices are around £850,000 in areas where the nearest station is on the Circle line”.

Daily Mail (12/06/2021) Daily Record (12/06/2021) The Independent (12/06/2021)