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#1
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I dont normally read the London Lite but an article caught my eye. There was
on an article on the average house prices around each station. The houses had to be within half a mile of the station. Apperently Hatton Cross has the cheapest house prices. I forget which station has the most expensive. It would be nice to see the full list of stations and their house prices rather than the limited ones the London Lite printed. The East London Line is the cheapest for house prices followed by the Central Line. |
#2
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On 16 Jan, 18:49, wrote:
I dont normally read the London Lite but an article caught my eye. There was on an article on the average house prices around each station. The houses had to be within half a mile of the station. Apperently Hatton Cross has the cheapest house prices. I forget which station has the most expensive. It would be nice to see the full list of stations and their house prices rather than the limited ones the London Lite printed. The East London Line is the cheapest for house prices followed by the Central Line. Hatton Cross is of course bang slap next to Heathrow airport! I can't immediately point you to anything offhand that fits the bill, but there is a vast amount of information about house prices in the various districts of London out there on the net. Of course as a general rule of thumb one can expect house prices in the vicinity of Underground stations to be higher. I note that the houses assessed "had to be within half a mile of the station" - factor in a mere 10 minutes walk and the overall picture could be quite different. |
#3
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This appeared on the Going Underground blog:
http://farm3.static.flickr.com/2341/...65864844f3.jpg As the Circle line runs exclusively in Zone 1, I suppose I shouldn't have been too surprised about the result. The least expensive stop on the Circle Line is Aldgate, with average property values hovering around £396,000. The Victoria Line came as the next most expensive line to buy property on, with average prices reaching £1,109,107. Green Park was most expensive stop for property on the Victoria Line with average house prices above £2 million. The least expensive stop was Tottenham Hale. "We were somewhat surprised to find the District Line appear in the seventh position, given it includes areas such as Fulham, Richmond and Wimbledon and follows the Circle Line through many parts of Central London. It would be interesting to see where the East London Line would rank today if the 2010 extension was already in place." said Michael O'Flynn, from FindaProperty. Apparently the Essex parts of the District Line weakened its overall average. The Waterloo & City Line came in at last place as there are "minimal residential pockets" around Waterloo and Bank stations. |
#4
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On Wed, 16 Jan 2008 11:26:15 -0800 (PST), Mizter T
wrote: On 16 Jan, 18:49, wrote: I dont normally read the London Lite but an article caught my eye. There was on an article on the average house prices around each station. The houses had to be within half a mile of the station. Apperently Hatton Cross has the cheapest house prices. I forget which station has the most expensive. It would be nice to see the full list of stations and their house prices rather than the limited ones the London Lite printed. The East London Line is the cheapest for house prices followed by the Central Line. Hatton Cross is of course bang slap next to Heathrow airport! Precisely. Who would want to live there! I can't immediately point you to anything offhand that fits the bill, but there is a vast amount of information about house prices in the various districts of London out there on the net. Of course as a general rule of thumb one can expect house prices in the vicinity of Underground stations to be higher. As you say there's a massive volume of high price info published on a regular basis. A few google searches for estate agent websites would soon identify the price ranges. -- Paul C Admits to working for London Underground! |
#5
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#6
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In message
, at 11:26:15 on Wed, 16 Jan 2008, Mizter T remarked: I note that the houses assessed "had to be within half a mile of the station" - factor in a mere 10 minutes walk and the overall picture could be quite different. When I lived near a commuter station, just outside the M25, my rule of thumb for house prices (of otherwise similar properties) was 2% per minute's walk from the station. [Actually it was £1,000, but the average prices for say a three bed semi were about £50k; probably about £300k now]. -- Roland Perry |
#7
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On Wed, 16 Jan 2008, sweek wrote:
This appeared on the Going Underground blog: http://farm3.static.flickr.com/2341/...65864844f3.jpg For those who'd actually like to read the article: http://london-underground.blogspot.c...-property.html As the Circle line runs exclusively in Zone 1, I suppose I shouldn't have been too surprised about the result. The least expensive stop on the Circle Line is Aldgate, with average property values hovering around £396,000. The Victoria Line came as the next most expensive line to buy property on, with average prices reaching £1,109,107. Green Park was most expensive stop for property on the Victoria Line with average house prices above £2 million. The least expensive stop was Tottenham Hale. Like the Circle, it doesn't go that far out - the five northern and three southern stations in marginal-to-scummy areas have eight stops in rather nice and/or central parts of town to balance them. The Bakerloo comes third and the H&C fourth, and those are also lines which have smaller-than-average suburban parts, as they only protrude from central London on one side. The same's true of the Met, of course, which manages to be quite a bit cheaper. Are houses not that much up in the wilds of Harrow, Northwood and Ruislip, then? "We were somewhat surprised to find the District Line appear in the seventh position, given it includes areas such as Fulham, Richmond and Wimbledon and follows the Circle Line through many parts of Central London. It's also the East End Main Line! The Waterloo & City Line came in at last place as there are "minimal residential pockets" around Waterloo and Bank stations. Minimal and cheap, presumably, which surprises me. tom -- It's amazing how often conversations with you have the imaginary sound of human bones being crushed to rubble in the background. -- itchyfidget, to snowking |
#8
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On 16 Jan, 21:12, Paul Corfield wrote:
On Wed, 16 Jan 2008 11:26:15 -0800 (PST), Mizter T wrote: On 16 Jan, 18:49, wrote: I dont normally read the London Lite but an article caught my eye. There was on an article on the average house prices around each station. The houses had to be within half a mile of the station. Apperently Hatton Cross has the cheapest house prices. I forget which station has the most expensive. It would be nice to see the full list of stations and their house prices rather than the limited ones the London Lite printed. The East London Line is the cheapest for house prices followed by the Central Line. Hatton Cross is of course bang slap next to Heathrow airport! Precisely. Who would want to live there! Deaf planespotters? |
#9
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On Wed, 16 Jan 2008 21:29:44 +0000, Tom Anderson wrote:
As the Circle line runs exclusively in Zone 1, I suppose I shouldn't have been too surprised about the result. The least expensive stop on the Circle Line is Aldgate, with average property values hovering around £396,000. The Victoria Line came as the next most expensive line to buy property on, with average prices reaching £1,109,107. Green Park was most expensive stop for property on the Victoria Line with average house prices above £2 million. The least expensive stop was Tottenham Hale. Like the Circle, it doesn't go that far out - the five northern and three southern stations in marginal-to-scummy areas have eight stops in rather nice and/or central parts of town to balance them. The Bakerloo comes third and the H&C fourth, and those are also lines which have smaller-than-average suburban parts, as they only protrude from central London on one side. The same's true of the Met, of course, which manages to be quite a bit cheaper. Are houses not that much up in the wilds of Harrow, Northwood and Ruislip, then? To my mind, the Met manages to largely avoid the less salubrious areas of London. I think it's more that the Met is more heavily weighted towards the outer suburbs - it has fewer stations than average in Zone 1, then skips Zones 2/3 almost completely, and has lots of stations in Zones 5/6 and out in the sticks (a quick glance at the Tube map suggests that perhaps a third of all Z5/6 Tube stations are on the Met). Meanwhile, the Bakerloo passes through some pretty scummy areas, yet comes out near the top thanks to having plenty of stations in Z1/2 and only one suburban branch (that only just makes it out as far as Z5). The whole table is basically meaningless; as you suggest, it's more a measure of how a line's stops are distributed in terms of distance from the centre than how pleasant they are to live on. If they'd somehow managed to factor distance out of their calculations, they might have got more interesting results. |
#10
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On Wed, 16 Jan 2008, asdf wrote:
On Wed, 16 Jan 2008 21:29:44 +0000, Tom Anderson wrote: As the Circle line runs exclusively in Zone 1, I suppose I shouldn't have been too surprised about the result. The least expensive stop on the Circle Line is Aldgate, with average property values hovering around £396,000. The Victoria Line came as the next most expensive line to buy property on, with average prices reaching £1,109,107. Green Park was most expensive stop for property on the Victoria Line with average house prices above £2 million. The least expensive stop was Tottenham Hale. Like the Circle, it doesn't go that far out - the five northern and three southern stations in marginal-to-scummy areas have eight stops in rather nice and/or central parts of town to balance them. The Bakerloo comes third and the H&C fourth, and those are also lines which have smaller-than-average suburban parts, as they only protrude from central London on one side. The same's true of the Met, of course, which manages to be quite a bit cheaper. Are houses not that much up in the wilds of Harrow, Northwood and Ruislip, then? To my mind, the Met manages to largely avoid the less salubrious areas of London. I think it's more that the Met is more heavily weighted towards the outer suburbs - it has fewer stations than average in Zone 1, then skips Zones 2/3 almost completely, and has lots of stations in Zones 5/6 and out in the sticks (a quick glance at the Tube map suggests that perhaps a third of all Z5/6 Tube stations are on the Met). True. I'm still surprised at the implication that prices in nice parts of Z5/6 are apparently lower than in manky parts of Z2/3. The whole table is basically meaningless; as you suggest, it's more a measure of how a line's stops are distributed in terms of distance from the centre than how pleasant they are to live on. If they'd somehow managed to factor distance out of their calculations, they might have got more interesting results. They could break it down by zone, and have separate bar-charts for each. Or how about some kind of crazy pie-chart, like a dartboard, with each sector allocated to a line, in roughly the order they head out of London, each ring corresponding to a zone, and then the height of a 3D tower rising from each block corresponding to the price? tom PS what do you call the subdivision of a circle that's the part of a sector between two concentric circles? I'm calling it a block because of hard disks, but it must have a proper name. -- Dude, read Aquinas if you want intelligent. This is the internet. |
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