None
EN
Nationwide: The London homes commanding a £42,700 premium
['Ruth Emery', 'Contributing Editor', 'Social Links Navigation']
Latest from MoneyWeek
Good transport links continue to add the most value to house prices in London, despite more people working from home.
House prices in the capital command an average £42,700 premium for homes 500 metres from the nearest station, compared with a similar property 1,500 metres away, according to Nationwide.
The building society also found that homes near the Circle line on the London Underground had the highest average house prices, followed by the Bakerloo line.
Homes located 500 metres from a station attract an 8% premium (approximately £42,700 based on average house prices in London), compared to an otherwise identical property 1,500 metres from a station.
Both these lines stretch beyond the capital, with multiple stations outside of London, which would reduce the overall average house price figure.
['commanding'
'property'
'london'
'metres'
'station'
'house'
'42700'
'price'
'premium'
'average'
'homes'
'line'
'prices'
'nationwide']