Search This Blog

Saturday, 15 August 2015

Revealed: the most in-demand Tube stop for house buyers isn't even in London

Can you guess which London Underground stop is the most in demand for property hunters?

The most in-demand tube stop for house buyers has been revealed - and it’s not even in London.
Online estate agent eMoov.co.uk found Watford is the most popular Underground station for property hunters, despite its location in Hertfordshire.
The research highlighted the increasing popularity of outer London among home buyers, with all the top ten property hotspots positioned in zone five or beyond, where property is much more affordable than inner London.

A four-bedroom house in Watford currently on the market with eMoov for £365,000 (eMoov.co.uk)
By contrast, the ten least in-demand stations were all in zone one, the most central of London’s transport districts. Watford, in zone seven, had a demand rating of 78pc, calculated by eMoov by monitoring the number of properties listed against the number that have sold in a certain period.
Bond Street came out as the least popular, with demand at just 13pc.
The top nine most in-demand stations were all in north-west London. East London also proved popular, with most of the “biggest climbers” - the stations with the largest increases in demand - situated on the right of the tube map.
East Ham, in zone three, saw a 26pc rise in demand since February.
The Central Line was the most popular line, with demand for property along it at 48pc, but the Jubilee Line saw the largest increase in demand in the past six months, up 18pc.

The Central Line is popular but can be crowded in rush hour (EPA)
The least in-demand lines were the Circle, Northern and Victoria, all at 37pc.
Russell Quirk, founder and chief executive of eMoov said: “It is interesting to look at the data not only by the popularity of the station, but also which zones are most in demand, as well as the lines that run through them.
“West Ruislip is the only top 10 station on the Central Line in terms of property demand, even though the Central Line as a whole accounts for the largest demand percentage of all the lines.
“Based on our research the most in-demand area of London is currently East London, home to the majority of the most in-demand stations, all of which are positioned in Zones 5 and outwards. But Zones 3 and 4 are also enjoying strong demand and big increases since January.
“With great transport links via the Jubilee and Central Lines as well as the development of the Cross Rail project, strength of demand in these areas should remain strong.”

The top ten most in-demand tube stops

  1. Watford - Zone 7, Metropolitan Line
  2. Eastcote - Zone 5, Metropolitan and Piccadilly Lines
  3. Ickenham - Zone 6, Metropolitan and Piccadilly Lines
  4. West Ruislip - Zone 6, Central Line
  5. Ruislip - Zone 6, Metropolitan and Piccadilly Lines
  6. Ruislip Manor - Zone 6, Metropolitan and Piccadilly Lines
  7. Pinner - Zone 5, Metropolitan Line
  8. Croxley - Zone 7, Metropolitan Line
  9. Rayners lane - Zone 5, Metropolitan and Piccadilly Lines
  10. Hornchurch - Zone 6, District Line

The top ten least in demand tube stops

  1. Bond Street - Zone 1, Central and Jubilee Lines
  2. Oxford Circus - Zone 1, Central, Victoria and Bakerloo Lines
  3. Marble Arch - Zone 1, Central Line
  4. Marylebone - Zone 1, Bakerloo Line
  5. Baker Street - Zone 1 , Bakerloo, Circle, Metropolitan and Jubilee Lines
  6. Knightsbridge - Zone 1, Piccadilly Line
  7. Piccadilly Circus - Zone 1, Bakerloo and Piccadilly Lines
  8. Regents Park - Zone 1, Bakerloo Line
  9. Green Park - Zone 1, Jubilee, Piccadilly and Victoria Lines
  10. Hyde Park Corner - Zone 1, Piccadilly Line

    Source:- http://www.telegraph.co.uk/finance/property/buying-selling-moving/11780834/Revealed-the-most-in-demand-Tube-stop-for-house-buyers-isnt-even-in-London.html

No comments:

Post a Comment