16 January 2013

Nationwide has carried out research to highlight the London Underground’s 150th anniversary. It showed that properties situated 500 metres from a tube station are worth £26,000 more than houses 1,500 metres away as reported on houseladder.co.uk.

The lender demonstrated that properties nearest to stations on the Circle Line are typically the most expensive in London and those along the Central Line are at the cheaper end of the scale. Other expensive lines included the Bakerloo, Victoria, Northern, Hammersmith & City and Jubilee lines.

Areas that have been developed, such as Southwark, are also performing better. Property prices in this area rose by 11% in 2012, making it one of the best performing boroughs of last year.

Chief Economist at Nationwide, Robert Gardner commented that: "The most recent addition to the London Overground network opened in December 2012, providing a link south from Surrey Quays to Clapham Junction via the Inner South London line.”

"A London Overground service is now operating between Clapham Junction and Highbury & Islington, improving rail connectivity in the borough of Southwark."

@MovewithUs

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