The Hertfordshire town of Apsley has been shown to be the most affordable commuter town for those working in London, while Oxshott in Surrey is revealed as the most expensive by a new study.
The comparatively low prices in Apsley means that those commuting from the town are better placed to cope with the steep rise in rail fares, according to the study from online mortgage broker Trussle, which looked at house prices, mortgage payments and the cost of rail season tickets in 300 towns within 75 minutes of central London.
Meanwhile, with average property prices of £1.7 million, Oxshott is the most expensive location for London commuters, followed by Virginia Water where prices average £1.2 million. Additionally, commuters face travelling time of around 90 minutes to and from London Waterloo.
A further breakdown of the data shows that the average person in Apsley pays £1,139 a month to live there, and has a much shorter commute of 52 minutes, costing £327 every month for those who travel every working day.
Elsewhere, Ebbsfleet in Kent was the second most affordable commuter location, with just a 36 minute journey and average house prices of £243,000. This was followed by Tilbury in Essex, where commuters buying a season ticket are asked to fork out £2,448, or £204 a month.
‘House prices in London are unaffordable for a lot of people, so it’s little wonder that so many workers choose to commute from areas where they can get more for their money,’ said Ishaan Malhi, Trussle chief executive officer.
‘This often comes at the price of hefty rail fares, and with the rise in transport costs, it’s important homeowners are taking this into consideration as they look to move house,’ he added.