Property News > Most affordable places for London commuters revealed by study

Most affordable places for London commuters revealed by study

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.

Related Articles

Developer rules which are slowing up new home building the subject of consultation

The Government blames new developer contribution rules for the delays in the plans to speed up to construction process for new homes in England.To combat this, Housing Minister Kit ...
View >>

UK mortgage industry adapting to digital age

A new report reveals that the online sector of the home lending industry is seeing a sharp rise in business, with more people in the UK searching for mortgages via ...
View >>

Some mortgage lenders could manage long-term arrears better, FCA finds

According to the financial watchdog, many mortgage lenders could manage the situations of UK homeowners who find themselves in arrears better.The Finance Conduct Authority has revealed in its latest ...
View >>

Need Help?

Thank you. We will give you a call back as soon as possible!
Name *
Email *
Phone *
When would you like a callback? *