Barratt London research has mapped the average 10% deposit and the average monthly rent for homes near to 265 stations across the 11 lines of the London Underground. In doing so, the research has revealed some of the most affordable areas in the capital.
Research finds London properties on District line’s eastern stretch are amongst the capital's most affordable starter home buyers might consider for an easy commute.
Explore each line below and hover to view each stop in more detail:
The data shows the average monthly rent and average 10% deposit using live property price data from Home.co.uk* from March 2018.
We found that if you wanted to save for a 10% deposit near the ten most affordable stops on the eastern stretch of the District line, you would need an average of around £36,000, with average house prices ranging from £301,000 to just under £420,000.
This stretch of line, which includes Upton Park, Dagenham East and Barking – itself set to offer 5,000 new homes by 2020 - is the most affordable stretch across the entire London Underground network.
Near Dagenham East station specifically you’ll find the lowest average deposit across the capital, which is 33 minutes from Liverpool Street station via the District and Central lines**. An average 10% deposit here would cost a little over £30,000 (£30,133) while average rental values are equally affordable, at £1,215 per month.
For renters interested in buying, Becontree offers the most affordable rent-to-deposit ratio of the London Underground stations. Buyers would need to set aside a little over two years rent to afford the £31,284 average 10% deposit. By comparison, near East Finchley on the Northern Line, it would take nearly seven years of monthly rent in that area (£3,307) to save for a deposit of £273,826.
Looking across all of the 265 stations analysed, the average 10% deposit is £107,230, enough for a home near Stamford Brook or Ravenscourt Park. Both are towards the western end of the District line and less than half an hour from the centrally-located Charing Cross**.
If you wanted to buy within commutable distance of the City of London or creative districts like Old Street and Shoreditch, living in the middle of the city isn’t a necessity. Stations such as Upton Park are just 17 minutes from Liverpool Street station**.
*Property prices and rental figures represent the actual asking prices for homes calculated daily from the properties in the Home.co.uk property search. Mean prices as calculated on 8/3/18.
**Approximate journey times taken from tfl.gov.uk.
Explore each line below and hover to view each stop in more detail:
The data shows the average monthly rent and average 10% deposit using live property price data from Home.co.uk* from March 2018.
We found that if you wanted to save for a 10% deposit near the ten most affordable stops on the eastern stretch of the District line, you would need an average of around £36,000, with average house prices ranging from £301,000 to just under £420,000.
This stretch of line, which includes Upton Park, Dagenham East and Barking – itself set to offer 5,000 new homes by 2020 - is the most affordable stretch across the entire London Underground network.
Near Dagenham East station specifically you’ll find the lowest average deposit across the capital, which is 33 minutes from Liverpool Street station via the District and Central lines**. An average 10% deposit here would cost a little over £30,000 (£30,133) while average rental values are equally affordable, at £1,215 per month.
For renters interested in buying, Becontree offers the most affordable rent-to-deposit ratio of the London Underground stations. Buyers would need to set aside a little over two years rent to afford the £31,284 average 10% deposit. By comparison, near East Finchley on the Northern Line, it would take nearly seven years of monthly rent in that area (£3,307) to save for a deposit of £273,826.
Looking across all of the 265 stations analysed, the average 10% deposit is £107,230, enough for a home near Stamford Brook or Ravenscourt Park. Both are towards the western end of the District line and less than half an hour from the centrally-located Charing Cross**.
If you wanted to buy within commutable distance of the City of London or creative districts like Old Street and Shoreditch, living in the middle of the city isn’t a necessity. Stations such as Upton Park are just 17 minutes from Liverpool Street station**.
*Property prices and rental figures represent the actual asking prices for homes calculated daily from the properties in the Home.co.uk property search. Mean prices as calculated on 8/3/18.
**Approximate journey times taken from tfl.gov.uk.
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