Mind the property price gap! Tube map of London reveals massive disparity between homes in richest and poorest areas
02-12-2015
Mind the property price gap! Tube map of London reveals massive disparity between homes in richest and poorest areas
- Homes around Bond Street station, most expensive area, cost £3m more than near Dagenham East, the cheapest
- Falls between stations include £1m from Bond St to Green Park, and £600,000 from Wembley Park to Finchley Rd
- Average price drops £400,000 from King’s Cross to Highbury & Islington, and £500,000 from Stockwell to Brixton
- Price fall from Hampstead to Golders Green is £260,000, while Vauxhall to Stockwell comes with drop of £280,000
- Study says Ruislip is best place for value, demand and a reasonable commute - with an average price of £345,000
![Top ten: This graphic shows the most expensive areas in the capital to buy a house, based on the London Underground map](http://i.dailymail.co.uk/i/pix/2015/02/09/25823CFC00000578-2945657-Top_ten_This_graphic_shows_the_most_expensive_areas_in_the_capit-a-73_1423484539602.jpg)
Top ten: This graphic shows the most expensive areas in the capital to buy a house, based on the London Underground map
![Bottom ten: Nine of the bottom ten Tube stations for house prices are in east London. The tenth is on the other side of the capital at Heathrow - although there are only four properties listed for sale, due to the proximity of the station to the airport, so it is something of an anomaly](http://i.dailymail.co.uk/i/pix/2015/02/09/258387F600000578-2945657-Bottom_ten_Nine_of_the_bottom_ten_Tube_stations_for_house_prices-a-12_1423496625507.jpg)
Bottom ten: Nine of the bottom ten Tube stations for house prices are in east London. The tenth is on the other side of the capital at Heathrow - although there are only four properties listed for sale, due to the proximity of the station to the airport, so it is something of an anomaly
![CENTRAL: Homes lining the streets around Bond Street station - the most expensive area in London - cost an average of £3,231,559. The 'demand' figures shown in these graphics are determined by the percentage of properties sold, reflecting the demand and stock in an area](http://i.dailymail.co.uk/i/pix/2015/02/09/258085C900000578-0-image-m-32_1423476705214.jpg)
CENTRAL: Homes lining the streets around Bond Street station - the most expensive area in London - cost an average of £3,231,559. The 'demand' figures shown in these graphics are determined by the percentage of properties sold, reflecting the demand and stock in an area
![DISTRICT: This line is home to the stations with the cheapest prices in London; Dagenham East (£194,058) and Dagenham Heathway (£197,542)](http://i.dailymail.co.uk/i/pix/2015/02/09/258085FE00000578-0-image-m-31_1423476695464.jpg)
DISTRICT: This line is home to the stations with the cheapest prices in London; Dagenham East (£194,058) and Dagenham Heathway (£197,542)
![METROPOLITAN: Wembley Park to Finchley Road on this line - between zones four and two in north-west London - has a price fall of £600,000](http://i.dailymail.co.uk/i/pix/2015/02/09/258085F100000578-0-image-m-44_1423477153415.jpg)
METROPOLITAN: Wembley Park to Finchley Road on this line - between zones four and two in north-west London - has a price fall of £600,000
![NORTHERN: Leicester Square in the West End is this line's most expensive station, with an average house price of more than £2.1million](http://i.dailymail.co.uk/i/pix/2015/02/09/258085F600000578-0-image-m-37_1423476797576.jpg)
NORTHERN: Leicester Square in the West End is this line's most expensive station, with an average house price of more than £2.1million
![PICCADILLY: A study says Ruislip in north-west London on this line and the Metropolitan is best for value, demand and a reasonable commute](http://i.dailymail.co.uk/i/pix/2015/02/09/2580860300000578-0-image-a-40_1423476829337.jpg)
PICCADILLY: A study says Ruislip in north-west London on this line and the Metropolitan is best for value, demand and a reasonable commute
The average house price also drops £600,000 drop from Wembley Park to Finchley Road, and £400,000 from King’s Cross to Highbury and Islington.
Meanwhile the price gap from Hampstead to Golders Green is a £260,000 fall, while Vauxhall to Stockwell comes with a drop of £280,000.
In addition, the 'demand' figures shown in the graphics are determined by the percentage of properties sold, reflecting the demand and stock in areas.
Russell Quirk, the founder of eMoov, which carried out the research, said savvy buyers should look at where new gaps could appear on the network.
As an example he cited the Northern line extension to Nine Elms and Battersea in south London, which is expected to be completed and open by 2020
Rank | Zone | Line | Station | Average Cost |
---|---|---|---|---|
1 | 1 | Central, Jubilee | Bond Street | £3,231,559 |
2 | 1 | Piccadilly | Hyde Park Corner | £2,611,400 |
3 | 1 | Piccadilly | Knightsbridge | £2,573,935 |
4 | 1 | District, Circle | Sloane Square | £2,275,420 |
5 | 1 | Circle, District, Victoria | Victoria | £2,230,902 |
6 | 1 | Bakerloo , Piccadilly | Piccadilly Circus | £2,196,650 |
7 | 1 | Jubilee, Piccadilly, Victoria | Green Park | £2,190,938 |
8 | 1 | Circle , District , Piccadilly | South Kensington | £2,151,853 |
9 | 1 | Northern, Piccadilly | Leicester Square | £2,134,902 |
10 | 1 | Central, Victoria, Bakerloo | Oxford Circus | £2,051,713 |
Rank | Zone | Line | Station | Price |
---|---|---|---|---|
1 | 4 | District, H&C | Upton Park | £255,063 |
2 | 4 | District, H&C | Plaistow | £271,520 |
3 | 4 | Victoria | Tottenham Hle | £313,913 |
Rank | Zone | Line | Station | Price |
---|---|---|---|---|
1 | 5 | District, H&C | Barking | £221,469 |
2 | 5 | District | Upney | £223,014 |
3 | 5 | District, H&C | East Ham | £231,036 |
Rank | Zone | Line | Station | Price |
---|---|---|---|---|
1 | 6 | District | Dagenham East | £194,058 |
2 | 6 | District | Dagenham H'way | £197,542 |
3 | 6 | District | Becontree | £203,432 |
Station from | Station to | Price Gap | Demand Gap % | Line |
---|---|---|---|---|
Bond Street | Green Park | £1,000,000 | 5% | Jubilee |
Wembley Park | Finchley Road | £600,000 | 6% | Metropolitan |
Stockwell | Brixton | £480,200 | 18% | Victoria |
King's Cross | Highbury & Islington | £390,500 | 13% | Victoria |
Vauxhall | Stockwell | £280,000 | 6% | Victoria |
Hampstead | Golders Green | £260,000 | 11% | Northern |
Morden | South Wimbledon | £189,100 | - | Northern |
Finsbury Park | Seven Sisters | £177,000 | 9% | Victoria |
South Wimbledon | Colliers Wood | £164,000 | 18% |
Northern |
![Dropping: House prices fall sharply between zones one and two, before levelling off from zone three - before rising again at zone eight](http://i.dailymail.co.uk/i/pix/2015/02/09/258085B600000578-2945657-image-m-53_1423477871269.jpg)
Dropping: House prices fall sharply between zones one and two, before levelling off from zone three - before rising again at zone eight
![Pricey: Holland Park (Central), Golders Green (Northern), Richmond (District) and Stanmore (Jubilee) are the most expensive stops per zone](http://i.dailymail.co.uk/i/pix/2015/02/09/258085B600000578-2945657-image-m-56_1423477909079.jpg)
Pricey: Holland Park (Central), Golders Green (Northern), Richmond (District) and Stanmore (Jubilee) are the most expensive stops per zone
Mr Quirk said: ‘These locations and their surrounding areas will see a dramatic rise in house prices and demand as they open the new service.’
The cheapest three stations on the map are Dagenham East, Dagenham Heathway and Becontree - all towards the east end of the District line.
But while the average house price in Dagenham East is a mere £194,000, the most expensive station in London is Bond Street at £3,232,000.
This is followed by Hyde Park Corner at £2,611,000, Knightsbridge at £2,574,000, Sloane Square at £2,275,000 and Victoria at £2,231,000.
![JUBILEE: After Bond Street, Green Park is the next most expensive station to live on the line - with an average house price of £2.2million](http://i.dailymail.co.uk/i/pix/2015/02/09/258085DA00000578-0-image-m-33_1423476717055.jpg)
JUBILEE: After Bond Street, Green Park is the next most expensive station to live on the line - with an average house price of £2.2million
![HAMMERSMITH AND CITY: Many stations with the lowest house prices are towards the east of this line - including Barking and Upton Park](http://i.dailymail.co.uk/i/pix/2015/02/09/258085D100000578-0-image-a-49_1423477270294.jpg)
HAMMERSMITH AND CITY: Many stations with the lowest house prices are towards the east of this line - including Barking and Upton Park
![CIRCLE: The average house price on this line is more than £1.5million - although it only operates inside zones one and two](http://i.dailymail.co.uk/i/pix/2015/02/09/258085E700000578-0-image-m-34_1423476728917.jpg)
CIRCLE: The average house price on this line is more than £1.5million - although it only operates inside zones one and two
![VICTORIA: The average house price drops £400,000 from King’s Cross to Highbury and Islington, and £500,000 from Stockwell to Brixton](http://i.dailymail.co.uk/i/pix/2015/02/09/258085BE00000578-0-image-a-46_1423477240545.jpg)
VICTORIA: The average house price drops £400,000 from King’s Cross to Highbury and Islington, and £500,000 from Stockwell to Brixton
![BAKERLOO: This line has two stations in the top ten most expensive - Piccadilly Circus (£2,196,650) and Oxford Circus (£2,051,713)](http://i.dailymail.co.uk/i/pix/2015/02/09/258085E100000578-0-image-a-48_1423477261151.jpg)
BAKERLOO: This line has two stations in the top ten most expensive - Piccadilly Circus (£2,196,650) and Oxford Circus (£2,051,713)
Similarly priced are Piccadilly Circus at £2,197,000, Green Park at £2,191,000, South Kensington at £2,152,000 and Leicester Square at £2,135,000.
Official figures revealed last month that the average house in London costs £501,000 – which is almost double the UK average of £271,000.
Mr Quirk added: 'It is fascinating to see the gulf in demand between lines and the difference one stop can make to the value of a property.'
The firm's study said that Ruislip is the best place for a mixture of value, demand and a reasonable commute - with an average price of £345,000.