Throughout our time as an online estate agent, SOLD.CO.UK has been dedicated to helping our customers find the right property deals for them. We understand that everybody is different and that there are always a range of reasons why you might be looking to move in or around London. However, there is one thing that everybody is interested in, the price.
Our goal was to provide a resource to our customers that helped to break down the London housing market and make it clear where the best places to buy a new home were. That’s why we started the project to produce a map of London house prices, so that we could help people find, not just affordable and cheap houses for sale in London, but the home that was right for them.
Anyone who has lived in London will know that one of the only realistic ways to effectively travel around is via public transport. That’s why we made the decision to plot the map via tube stations. This popular mode of transport, for those who travel around London, is an essential part of daily life and a number of decisions are often made based on the nearest tube station.
With a fine toothcomb, we have systematically gone through all of the active tube stations on the London Underground and found the average property price for that area.
Some of the data that has emerged on the London property market, has been fascinating. Both the map above and the follow up statistics we have added below reveal some incredibly interesting insights into the current, and future state, of the London housing market.
Don’t hesitate to get in touch with SOLD.CO.UK if you want to sell your house fast in London or other parts of the country.
“This map is an invaluable resource for Londoners who are looking to get onto the property ladder but are unsure where to start. This means they can quickly identify areas near major underground lines within their budget, to help focus their search.
It’s interesting to see that certain Zone 1 and Zone 2 tube stations are relatively affordable, such as Kennington, Vauxhall and Borough, whilst some which are much further out, such as Richmond, Osterley and Leytonstone are on the higher end of the price range. This dispels the myth that London property necessarily becomes cheaper the further out you go.
Being within easy access of a tube station is important for people who live and work in London, and we hope this map helps Londoners to make an informed decision about their first (or next) property purchase.”
Elliot Castle
CEO of SOLD.CO.UK
Most Expensive Houses for Sale in London – By Tube Line
1st – Circle Line
Average house price – £ 1,329,792
House price increase since 2016 – 56.08%
Jubilee Line
Average house price – £ 1,176,869
House price increase since 2016 – 53.29%
Victoria Line
Average house price – £ 1,175,403
House price increase since 2016 – 31.99%
District Line
Average house price – £ 1,022,618
House price increase since 2016 – 11.71%
Piccadilly Line
Average house price – £ 1,005,731
House price increase since 2016 – 29.53%
Most Expensive Area in London by Tube Line
Property in London is notoriously expensive. Unless you fancy living in a box room for eternity, some serious saving needs to be done to get a deposit together. Let’s not even think about mortgage repayments at this point! However, homes in London haven’t always cost the earth, back in 1960 you could snap up a home in the city for an average of £2,530. Secured with a 10% deposit of just £253, Londoners today are trying to save around £40,000 to £50,000 just to get a chance of owning their own property in the city.
Living in a city comes at a premium and the capital is no exception. With everything on your doorstep it is not hard to understand why. Here we look at the most expensive tube lines to live on in London.
Circle Line
With many of the Circle Line’s stops located in the London Boroughs of Kensington & Chelsea and Hammersmith & Fulham very few people are shocked that it is the most expensive line to live on in the city. Around 115,000,000 journeys are made on the Circle Line every year and the line is used by an equal number of commuters and tourists. Given its name, it is unsurprising that the line is circular, performing a loop around the inner city, with an offshoot from Paddington taking travelers to the likes of Ladbroke Grove, Shepherd’s Bush Market and Hammersmith.
51% of average house prices on the Circle Line are above £1 million. Furthermore, the entire line of 35 stations do not have a location cheaper than £609,965 (Aldgate). High Street Kensington takes the crown for the most expensive location on the Circle Line, with an average property costing an unbelievable £3,146,600. Sloane Square comes second at £3,015,195, with Great Portland Street, St. James’s Park, Notting Hill Gate, and South Kensington following closely with prices within the £2 million bracket.
The remaining tube stops above a £1million all reside in London’s Zone 1 and include the likes of Westminster, Victoria, Paddington and Baker Street – besides properties in Ladbroke Grove (Zone 2), which average at £1,123,882.
Whilst there are more affordable locations on the Circle Line in comparison, such as Aldgate, Edgware Road and Shepherd’s Bush Market Latimer Road and Labroke Grove, prospective buyers would still need to secure deposits of £60,000 and over.
Jubilee Line
District Line
The District Line spans from Upminster in Zone 6 down to the likes of Wimbledon, Richmond and Ealing Broadway. The line opened in 1868 and soon became an intrinsic part of city life, with steam locomotives ferrying passengers and goods between West Bromtpon and Mansion House. Today, the line has grown significantly and is home to a staggering 60 stations, many of the more central locations shared with the Circle Line. From Tower Hill to Edgware Road the Circle Line and District Line’s Edgware route runs on the same line, with tubes minutes apart. Many people have been caught out by hoping on the wrong service, keep an eye on the dot matrix destination board!
Given the partnership between the green and yellow lines it is inevitable that the District Line would be the second most expensive to live on in the city. The dizzying average house price of £3,146,600 in High Street Kensington tops the list followed by the familiar Gloucester Road, South Kensington, Westbourne Park and Notting Hill Gate of Circle Line infamy. A further 19 of the District Line’s stations vaunt an average property price of over £1 million. Potential property buyers in Ravenscourt Park, Sloane Square, Chiswick Park and Putney Bridge will need a minimum 10% deposit of £100,000 to secure a home.
Victoria Line
The Victoria Line spans London’s inner-city Fare Zones 1 to 3. With the average price of a property on the line a staggering £940,679 it is no surprise that it is the third most expensive in the capital. The Victoria Line is one of London’s most well-trodden and it was the first deep level underground line to be built in the capital since 1907.
The line’s most expensive location to live is Green Park, with an average property price of £1,964,770. The Zone 1 station is not alone, with Oxford Circus, Pimlico, Victoria, Euston and Warren Street all with average asking prices over £1 million. This cluster of locations are located in Central London, providing unparalleled transport links and easy access to workplaces, retail and leisure opportunities. This sort of access comes at a premium. Even areas which were once considered more affordable in the city, such as Elephant & Castle and Brixton have unachievable property values, particularly for first time buyers, and gentrification is to blame. Brixton is slightly easier at £529,927 but a property in Elephant & Castle will set you back an average of £723,322 – you’d need a deposit of just over £72,0000.
Bakerloo Line
Greeting 111 million passengers per year, the Bakerloo Line is one of the most important routes on the London Underground system. The line opened in 1906 and blossomed until 1915, when it was finally complete. Much of the Bakerloo Line’s original Edwardian design is in situ on the platforms today and you may also peep a selection of some Art Nouveau tiling that was installed at the turn of the century.
If you were thinking of purchasing a property on the Bakerloo Line you would need an average deposit around £90,000 as property prices tend to hover around £908,802. Eight of the Bakerloo Line’s stations have an average property price of over £1 million, all of which are Zone 1 locations. The top three most expensive are Piccadilly Circus and Oxford Circus both coming in at £1,964,770, followed by Paddington with an average of £1,579,528.
Piccadilly Line
The average property price on the Piccadilly Line is a whopping £812,257, earning it a spot in the top 5 of London’s most expensive tube lines. 25% of all locations on the Piccadilly Line have an average property price of over £1 million, with a further 6% being over £2 million. The most expensive location is Hyde Park Corner, with an average selling price of £2,592,203. Gloucester Road and South Kensington also require potential buyers to be ready to spend over £2 million. All of the stations over £1 million on the Piccadilly Line are located in Zone 1, bar Turnham Green (Zones 2 and 3) and Barons Court (Zone 2). So, why are these two areas so expensive too? Turnham Green is located in the London Borough Hounslow and is neighboured with Chiswick. West London suburbs of this nature are notoriously expensive as they are deemed very well to do areas of London, think Putney and Kew. Similarly, Barons Court is in West Kensington, located in the Hammersmith & Fulham borough. Kensington as a whole is an expensive place to live and is synonymous with everything high-class and luxury – properties are no exception.
London and affordable are not two words that you often hear in the same sentence. Despite needing to earn a gross salary of £86,476 per year to be able to afford a deposit and mortgage repayments on a one-bedroom property within one kilometer of a tube station, people are determined to get their foot on the ladder and live in the city.
Research conducted by us here at SOLD.CO.UK analysed the average property price of all of London’s tube lines. We wanted to find out if there was any tube line you could afford a place to buy comfortably. On average Londoner’s are shelling out an average of 40% of their wages on their mortgage per month. Could one of the cheapest underground lines below be an option for a more affordable property?
Metropolitan Line
Colloquially known as the Met, the Metropolitan Line is a behemoth spanning 40 miles and home to 34 stations. Shown purple on the London Underground map, the Met is somewhat a laughingstock amongst London tube lines. Despite prestigious stations such a Liverpool Street, King’s Cross and Baker Street adorning the line, the Metropolitan is often snubbed beyond Wembley Park for being a forgotten part of London.
However, nobody should turn their nose up at the Metropolitan Line. Properties on this line are some of the most affordable in the city, with an average property price of £682,645. However, there are some surprises when you delve into specific locations. Generally speaking, the further you head out of central London, the cheaper the property prices are. However, there are exceptions. You could live on the Met line’s Zone 5 Eastcote for £269,639; the cheapest location on the line. Northwick Park, home to the University of Westminster, and Preston Road are both Zone 4 locations where you could buy a property for under £400,000. Zone 4’s Wembley Park also boasts a comparatively affordable price to buy of £455,230. Surprisingly, the cheapest and most central location on the Metropolitan Line is Aldgate, with an average property price of £694,469.
As you would predict the most expensive properties well into the millions are located around Great Portland Street, Finchley Road and Baker Street. However, there were some surprising entries edging towards the top. Northwood and Moor Park – both zone 6 stations – are more expensive to buy a house in than King’s Cross St. Pancras. Similarly, Zone 8 station Chalfont & Latimer comes in at a pricey £742,334, only £50,000 behind Barbican and Farringdon which are located in Zone 1.
Waterloo & City Line
Nestled in the heart of London’s Zone 1 is the minute Waterloo & City Line. Made up of just two stations, tube trains essentially shuttle between Waterloo and Bank stations, with a journey time of just three minutes. It is the only line which runs solely underground and is the final remaining which operates four coach tube trains. Many people deem the Waterloo & City Line a waste of track. However, it provides a valuable silent service relieving other lines of commuters who simply want to get from Waterloo to their jobs in the City.
Waterloo and Bank are two incredibly well-connected central locations, positioned in Zone 1. When it comes to prime London settings, these two are definitely up there! However, you can purchase a property in Bank for an average price of £782,000, and £723,322 in Waterloo. Whilst these aren’t as cheap as some of the average prices on the Met Line, considering the incredible location these average prices are unbelievable and put the Waterloo & City Line on the map as London’s second most affordable tube line.
Jubilee Line
The majority of the 24 Jubilee Line stations are nestled in Fare Zones 1 to 3. The only exceptions are Kingsbury, Queensbury and Wembley Park (Zone4) and Canons Park (Zone 5). Property prices on the Jubilee Line range from £200,000 to in the millions. However, the average property price is £767,755, making the Jubilee Line London’s third cheapest line to live on.
Dollis Hill, West Ham and Stratford are the most affordable locations to live on the Jubilee Line, with an average property price well under £400,000. In Dollis Hill you can look to spend around £269,998 – one of the cheapest locations in the city.
All of the Jubilee Line’s tube stations boasting an average property price anywhere under £600,000 are the typically more residential areas scattered along the line. Bermondsey, Wembley Park and Neasden fall into this category. However, interestingly, the average property price in the business hub of Canary Wharf is £503,174.
For those who deem Zone 1 their ideal location, the cheapest location on the Jubilee Line is Southwark, with an average property price of £723,322. You can also purchase a property for under £800,000 in Waterloo and London Bridge too, also both in Zone 1.
Central Line
Covering 46 miles, the Central Line is London’s longest route. From West Ruislip in the west to Epping in the East, the Central Line spans some of the capital’s most recognised tube stops. However, as the line ebbs away in lateral directions the tube stations typically lie in more residential areas and benefit the countless workers who want a direct line into the city upon their daily commute.
The difference in average property price between the Central Line’s cheapest and most expensive tube stops to live is a monumental £1,803,102. Properties in Hainault cost an average of £248,536 whereas the typical home in Holland Park would set you back £2,051,638.
Despite 66% of properties on the central line having an average property price of over £500,000, the reason the Central Line is the fourth cheapest in London is due to the abundance of properties below this threshold. If a location in Zone 2 is important to you Mile End would be a good choice, with properties coming in at an average of £359,595. Stratford which straddles Zones 2 and 3 also boasts property prices averaging at £377,169. East Acton and Bethnal Green also sit in Zone 2 and have home available for under £500,000.
Besides Hainault, the cheaper locations on the Central Line fall into the £300,000 to £400,000 bracket. Leyton, Roding Valley and South Woodford are popular residential options for those who are happy with a Zone 3 or 4 location.
Northern Line
Did you ever think London could conjure up an average property price below £200,000. Burnt Oak, located in Zone 4 on the Northern Line has delivered, with an average house price of £140,565. Despite Burnt Oak not having the best of reputations in the city the local government have made it the focus of any regeneration efforts.
Just like the Central Line, average property prices span a huge selection on the Northern Line. From the cheapest being Burnt Oak and the priciest Goodge Street, Zone 1, coming in at £1,964,770. Whilst the central locations on the Northern Line boast properties with eyewatering prices, there are locations on the Northern Line that are considered affordable for London. Surprisingly Borough, a Zone 1 location, has an average property price of just £360,013. Other affordable locations in Zones 2 and 3 include Clapham North, Oval, Kentish Town and Balham.
Highest Average House Price Increase in London – By Tube Line, 2016-2019
5 of London’s Highest Property Price Increase Tube Lines
Once in a blue moon will you see a headline stating that London property prices are on the downturn. Values of homes in the capital appear to be in a perpetual state of increase and those who bought properties in decades gone by are making a very healthy profit upon selling.
Research conducted by SOLD.CO.UK has analysed the average property prices of all of London’s tube lines, offering a comparison between 2016 and 2019 prices. How much can average property prices increase in just three years? Cast your eyes over the top 5 underground line increases below to find out.
Central Line
Covering 46 miles, the Central Line is London’s longest route. From West Ruislip in the west to Epping in the East, the Central Line spans some of the capital’s most recognised tube stops. However, as the line ebbs away in lateral directions the tube stations typically lie in more residential areas and benefit the countless workers who want a direct line into the city upon their daily commute.
Back in 2016 the average price of a property on the Central Line was £686,000. Just three years later and this figure has increased a staggering 12.4%. You can now expect to pay an extra of £85,160 for a home on this line.
Acting as London’s backbone, the Central Line encompasses some of London’s busiest tube stations, including Oxford Circus, Liverpool Street, Bond Street and Tottenham Court Road. This central cluster of stations is located in London’s Zone 1 – a location where property prices are at an eyewatering premium. In fact, 34% of the Central Line’s tube stations are located in Zone 1.
The average property price in Oxford Circus is an unbelievable £9,717,661. West Ruislip and Epping are the end of the line and both located in Zone 6. In West Ruislip you can expect to pay an average of £176,012 for a home, whereas the current value in Epping lies at £599,896. Compared to the staggering £9 million of Oxford circus, these property prices appear just a drop in the ocean.
So, what is to blame for the 12.4% Central Line property average increase? Undoubtedly inflation comes in to play; London is notorious for having some of the most expensive properties in the UK and is rare that the market witnesses a downturn. For the Central Line itself, there is an evident central cluster of Zone 1 stations that bear average property prices soaring into the millions. Despite the Central Line spanning a multitude of more residential tube stations the continual price increase of Zone 1 properties has undoubtedly affected the average property price for the entire line.
Jubilee Line
Opened in 1979, the Jubilee line is London’s newest line, although some sections of the track date back to 1932. The line presents a mixed affair with fantastic shopping on Bond Street and at Stratford’s Westfield shopping centre. Equally, you could conduct some business meetings in Canary Wharf then be at a gig at the O2 by hoping off at North Greenwich just two stops away. Fancy a football match, Wembley Park is on the line too.
However, there are two stations on the Jubilee Line which undoubtedly bring much of the foot traffic to the London Underground; Waterloo and Baker Street. In terms of travel connections, these stations are the heavyweights. At Waterloo you can change to a Bakerloo, Northern or Waterloo & City Line service. The station itself is vast and National Rail services run constantly from the main station promenade and Waterloo East – a vast 28 platforms in total. Baker Street is a similar affair with connections to the Bakerloo, Circle, Hammersmith & City and Metropolitan lines.
With two incredible transport hubs, is it surprising that the average house price on the Jubilee line has increased by 8%? Back in 2016 you could purchase a property on the line for an average of £710,833. Now you will need an extra £56,922 to make that become a reality. Transport hubs aside, the line is rich with residential, leisure and business districts – there isn’t anything the Jubilee Line lacks. Therefore, it could be said that the average price increase could be due to its popularity as a connected thriving hub, particularly for commuters and business men who want a swift journey to work, and play!
Victoria Line
Spanning from South London to North East London, the Victoria Line is one of the shortest routes of the London Underground. Despite its length, it is one of the slowest, with tube trains covering just 800 meters per minute. However, the journey from Brixton to Walthamstow Central is just 30 minutes in all – perfect for commuters living on the line who are partial to a lie in.
However, what it lacks in stature and speed it makes up for in usefulness. Tube trains clatter from Brixton to Walthamstow Central, carrying commuters and tourists to the likes of Kings Cross St Pancras, Euston and Oxford Circus. Spanning Zones 1 to 3 it is no surprise that the well-trodden Victoria line is one of the most expensive to live on in the capital.
Just three years ago the average price of a property on the Victoria Line was £890,500. Fast forward to 2019 and you would be looking at paying an extra 6% on top of this figure, with the average property price coming in at £940,679. However, despite its high profile there are some tube stops on the Vicotoria Line which are surprisingly affordable despite their central fare zone.
Vauxhall station straddles Zones 1 and 2 and is also a National Rail interchange, particularly handy for commuters travelling further afield. Just a stone’s throw from Waterloo and the rest of central London, Vauxhall is a property hotspot. However, the average price paid of a home in Vauxhall stands at £683,012. This is cheaper than neighbouring Pimlico (£1,387,579) and Victoria (£1,352,068), dispelling the myth that property is cheaper the further out of central London fare zones you travel.
District Line
2018 wasn’t a strong year for the District Line. The infamous green line witnessed 198 delays longer than 15 minutes, leaving commuters who rely on the service thoroughly fed up. However, compared to the steam locomotives which used to chug along some of the District Line’s tracks in the 1800s, chances are you will get to your destination much quicker nowadays, even with the delays. The District Line is the third fastest in the city, covering 600 meters per minute. With some stations incredibly close together many people toss their Oyster cards to the side and stroll the streets of London for some respite from the rabbit warren of tunnels below.
Living anywhere on the district line has shot up in price over the past three years, with the average property price touching nearly £1 million at £953,660. The line has seen an average house price rise by £38,232 compared to 2016. With the average peak Oyster card payment coming in around £3.50, that’s 10,923 tube journeys you would have to scrap to save up for the difference.
However, despite the price tag, there are some incredible locations along the District Line. If you disembark at Tower Hill you can explore two of London’s most iconic landmarks; the Tower of London and Tower Bridge. A few stops west and you can hop off at Westminster to take in the Houses of Parliament, Westminster Abbey and Big Ben. St James’s Park is just one tube stop away, or a scenic walk if you fancy. South Kensington is famed for its ‘golden triangle’ – three of London’s most celebrated museums. You can meander easily from the V&S Museum, to the Natural History Museum and the Science Museum.
Tourist attractions aside, there are some enviable places to live on the District Line. West Kensington boasts some incredible properties but they average at a £1,231,149 to buy. However, shimmy down the line to Chiswick Park and you can enjoy riverside living in a picturesque area for a sum of £858,035.
In the East of London, the District Line spans some of what many Londoners would call ‘real London’ – Whitechapel, Stepney Green, Mile End and Bow. Much of the area is celebrated by locals for being quintessentially East End. However, much of the area has seen change, with historical architecture making way for executive apartments and gastro pubs.
Piccadilly Line
For those new to the city, very few have waited for a northbound Piccadilly service to Cockfosters and not let out a little snigger. The fastest tube line in London also boasts an incredible 210 million passengers per year. Opened in 1906, the line serves many of London’s coveted tourist attractions including Covent Garden, Leicester Square, Harrods, Hyde Park and Buckingham Palace. You can even voyage to Europe’s busiest airport, Heathrow, by hoping on a Piccadilly westbound tube.
Whilst the tube stations more central to the Piccadilly Line tend to give way to tourist, business or leisure opportunities, as the zones ebb away the locations become much more residential. Hounslow, in west London, is a vast residential area with three stops on the Piccadilly line. In the opposite direction, stations onward of Kings Cross St Pancras give way to more and more residential areas too.
Life on the Piccadilly line isn’t cheap. Back in 2016 you could secure a home for an average of £776,458. Today, however this average has risen nearly 5%, with a property costing £812,257. Many people assume that the living in a more outward zone means cheaper property prices. However, this assumption isn’t the case for many London tube lines, including the Piccadilly. You would not get much change from £600,000 when purchasing a property even in the outer Piccadilly zones.
