The cheapest London underground stations to live near – and the most expensive
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Living on your favourite line
Living near a tube station in London means an easier commute but you have to pay for the privilege. A study from the homebuilders, Barratt London has mapped the average cost of buying and renting a home near to each tube station, so you can get the most for your money in the capital.
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Low deposits on the District
When buying a property, saving up for a deposit can be the hardest part. Looking at the average cost of a home within the postcodes of 265 tube stations, nine of the ten most affordable deposits are found along the District line. The Metropolitan is the most affordable line for buying overall with an average deposit of £99k, which is low in comparison to the average of £216k for a property at one of the two Waterloo & City stops.
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Where to rent
If you’d rather rent, the Metropolitan line is still the most affordable tube line in London with an average of £1,055pcm in Chesham, which is over £1,400 less than the city average. We've also found out where the cheapest place is to rent in the UK is.
Bakerloo line
Running between Harrow & Wealdstone in suburban north-west London and Elephant & Castle in south London, the Bakerloo line is the ninth busiest line on the network. The average 10% house deposit is £98k, for just over that price you could get a property in Warwick Avenue. The average monthly rent is £2,306, which is the highest average rent out of all the lines. TFL are considering extending the line by four stops to Lewisham, which would provide DLR and National Rail interchanges.
Bakerloo line: Cheapest place to live
The cheapest location along the Bakerloo line is Harrow & Wealdstone, which sits at the top end in north-west London. House prices have dropped by 4.5% in the last year, and have averaged at £511k. Nearby is the famous Harrow School and the area has both large luxury properties and more affordable houses in Wealdstone.
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Bakerloo line: Most expensive place to live
The most expensive locations on the line are near the central stops of Oxford Circus and Piccadilly Circus. Located in the heart of London's West End, they are both lively areas and very popular with tourists. You won’t get much for your money though, as prices have risen 172% in the last two years so that the average house price at £2,9 million.
Central line
The Central line serves 49 stations over 46 miles making it the longest tube line in London. It runs from Epping in Essex to Ealing Broadway and West Ruislip in the west. It will have five stations that interlink with Crossrail when it is in full service by the end of 2019, which has brought a rise in renting and house prices. The average monthly rent is £2,423, while a 10% house deposit will cost £104k on average.
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Central line: Cheapest place to live
The cheapest location on the Central line is Northolt, with an average house costing £405k. The suburban north-west London town is cut in half by Western Avenue, which connects Oxford with the centre of London. In recent years there's been a lot of new-build investment including the Grand Union Village, a large private housing development adjacent to the Grand Union canal with a brand new boat marina.
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Central line: Most expensive place to live
The most expensive station on the Central line is Bank with an average house price of £2.9 million. In the centre of the banking district just north of the river Thames, it's an urban paradise with plenty of bars, restaurants and culture but not much green space or places to get your weekly shop.
Circle line
The sub-surface Circle line passes through most of London’s main overground terminals and runs in a ring around the capital. The average monthly rent is £2,500 per month and the average 10% deposit is £107,230, which is the highest of all lines. Not pictured on this map but included in the full data are the stops after Paddington, running west from Royal Oak (£3,827 pcm/£168k deposit)
to Hammersmith (£3,332 pcm/£106k).
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Circle line: Cheapest place to live
Goldhawk Road in west London is the cheapest area to buy a property on the Circle line at £798k. Close to the lively area of Shepherd's Bush and Shepherd's Bush Market, the main road is lined with numerous shops and restaurants and the tube is located in the convenient Zone 2.
Circle line: Most expensive place to live
The tube station with the priciest property on the Circle line is South Kensington, with house prices averaging £3 million. The affluent district in west London is known for its exclusive luxury real estate and is home to most of London's museums.
District line
The line with the newest trains, the District line has services operating every 3-4 minutes. It runs through the upmarket areas of Sloane Square and South Kensington. The average rent is £2,500 per month and the average 10% deposit is £107k.
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District line: Cheapest place to live
The cheapest area to buy property on the district line is Dagenham East, with the average house costing £301k. The east London town is 9.5 miles east of Charing Cross. The southern part of Dagenham, adjacent to the River Thames, forms part of the London Riverside section of the Thames Gateway redevelopment area. In March 2018, it was also announced that £100m had been set aside to build a brand new TV and film studio.
District line: Most expensive place to live
South Kensington is the most expensive place to purchase property on the District line, the same as on the Circle line. The average house costs £3 million in the affluent area.
Hammersmith & City line
The Hammersmith & City line runs from west to east and skirts the City of London, the capital's financial heart. Work is in progress on the line to increase capacity by 65% by 2019. The average rent per month is £2,274, while the average 10% deposit is £97k.
Hammersmith & City line: Cheapest place to live
The cheapest station to live near the Hammersmith & City line is Barking, with the average house costing £338k. The ancient Essex parish town is mainly residential but also forms a large retail and commercial district. The former industrial lands to the south are being redeveloped as Barking riverside, where over 10,000 new homes will be built.
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Hammersmith & City line: Most expensive place to live
Great Portland Street is the priciest place to live with the average house being sold for £2.9 million. Located in the West End of London it has links to Oxford Street and Marylebone. It also hosts the famous Harley Street and the artistic area of Fitzrovia.
Jubilee line
The Jubilee line is the newest on the underground network and was named after the silver jubilee of Queen Elizabeth II. It runs between Stratford in the east and Stanmore in the west, passing through the Docklands en route. The average rent is £2,411 pcm and the average 10% deposit is £103k.
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Jubilee line: Cheapest place to live
The cheapest place to live along the Jubilee line is Kingsbury, with an average house price of £463k. This ancient area of London includes parts of Wembley, high rise buildings, affordable accommodation, suburban streets and a green wildlife reserve in the country park. Around 25% of the area is made up of Fryent Country Park.
Jubilee line: Most expensive place to live
The most expensive location along the Jubilee line is Westminster with an average property price of £2.9 million. As the heart of British government and a World Heritage site with Big Ben and the Houses of Parliament, Westminster is a great place to live if you want to be at the centre of history and power, but bad if you're on a budget.
Metropolitan line
The Metropolitan line is the only line that runs from London through to Buckinghamshire, crossing the greater London border. It also uses an express service at peak times which means it can reach speeds of up to 60mph during rush hour. The average rent comes to £2,434pcm, while the average deposit of 10% on a house is £104k.
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Metropolitan line: Cheapest place to live
The cheapest place to buy a property is actually outside of Greater London on the Metropolitan line in Watford. Here the average house sells for £375k. Located around 15 miles outside of London, it is also the home of Leavesden Studios, which was made famous from the Harry Potter films.
Metropolitan line: Aldgate
Aldgate is the most expensive place to buy property on the Metropolitan line. Again, located in the city, the average property can be sold for around £2.9 million. The area is dominated by the insurance industry, which means it is busy in the working week but a lot of businesses are closed at the weekend.
Northern line
The Northern line is unique in that it has two different ways to get through central London, separating into two branches. It also serves the southern-most station in the capital, Morden. The average rent is £2,423pcm and the average deposit is £104k. TFL are planning a new part of the line between Kennington and Battersea, due for completion in 2020.
Stacey Harris / London Road, Morden
Northern line: Cheapest place to live
Morden, the most southerly tube station, is the cheapest area to live along the Northern line. Historically part of Surrey, it was absorbed into London in 1965. Living in Morden means you are pretty much guaranteed a seat on the tube and with the average house costing £438k, it could be a great investment.
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Northern line: Most expensive place to live
At the other end of the scale on the Northern line is Bank, with an average house price of £2.9 million. Most city workers tend to commute to Bank and we can see why with these prices. However, if you do choose to settle down here it does have great transport links and your property is most or less guaranteed to increase in value.
Piccadilly line
The Piccadilly line serves many of London's key tourist areas such as Piccadilly Circus, Hyde Park and Covent Garden, as well as Heathrow Airport. The average rent is £1,500 per month and the average 10% deposit is £107k, but the disparity between the most expensive and cheapest places to live is enormous.
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Piccadilly line: Cheapest place to live
The cheapest place to live along the Piccadilly line is Hounslow, including all three stops; central, east and west. The average price of a home here is £407k. The borough is home to a number of attractions and parks such as Twickenham Stadium and Syon House, and it takes around 37 minutes to travel into Picadilly Circus.
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Piccadilly line: Most expensive place to live
Once again, South Kensington hits the top spot with an average house price of £3 million. As one of London's most affluent areas, it's packed with gorgeous houses, historic parks and pretty tree-lined streets.
Victoria line
The Victoria line is relatively short - it only has 16 stations in total - and every one of those stops except for Pimlico offers interchanges with other tube lines. The average rent is £2,396 per month and the average 10% deposit is £102k.
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Victoria line: Cheapest place to live
The cheapest place along the Victoria Line is Tottenham Hale, with an average house price of £446,629. Dubbed as the new Shoreditch, this up-and-coming spot has seen lots of investment including the new Tottenham Hotspur's stadium, which is set for completion in time for the 2018/2019 football season.
Victoria line: Most expensive place to live
The most expensive station is Victoria, with an average house price of £2.9 million. The area consists mainly of commercial property and private housing. It also contains one of the busiest transport interchanges in London and the UK.
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And the results are...
Living near to a station on the London Underground is a more affordable proposition for commuters on the District, Piccadilly or Hammersmith & City line. If you're willing to look further afield, we've found out about London's brand new commuter belt.
Keeping it cheap
The cheapest place to live overall if you choose to rent is Chesham on the Metropolitan line, with at an average of £1,055 per month. While those looking to buy should head to Dagenham East, where the average property price is £310,000. Still hungry for more property insight? These are the cheapest and most expensive places to live in the UK.