Posts with tag: night tube

The Night Tube Launches on the Northern Line

Published On: November 18, 2016 at 12:19 pm


Categories: Property News

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Today’s the day that the Night Tube launches on the Northern Line on Fridays and Saturdays. The service will join the Central, Victoria and Jubilee lines, which rolled out their overnight routes over the past few months.

Ahead of the all-night extension, online estate agent has analysed house prices from north to south on one of the capital’s oldest Tube lines. The research looks at the current property demand by each station, the average house price in each area and the growth in values across the Northern Line in the last year.

Property south of the river dominates demand on the Northern Line – six of the ten most in-demand areas are below the Thames, making southwest London a hotspot for Night Tube homebuyers. Being so well connected makes it a particularly great location for commuters.

Morden, the southernmost stop on the line, is the most in-demand area, at 44%. Zone 3’s Colliers Wood, 43%, and Balham, 41% are close behind.

The Night Tube Launches on the Northern Line

The Night Tube Launches on the Northern Line

In contrast, the least in-demand areas on the Northern Line are north of the river. Both Charing Cross and Embankment top the list, at just 3%. As prime central London has taken a hit over the last few months, it’s unsurprising that the capital’s most expensive spots have seen demand drop. Hampstead, between Zones 2 and 3 in north London, also ranks as one of the least in-demand areas on the Northern Line, at 8%. Although this isn’t quite on par with prime central London, this affluent residential area has suffered a drop in demand as a result of high prices, at an average of £1,466,516.

As it crosses two lines through the centre of the city, the Northern Line extends into some of London’s most expensive areas.

Tottenham Court Road boasts the highest average house price, at £2,083,431, followed by Hampstead. The third spot goes to Charing Cross, at £1,416,625.

Yet again, the southernmost tip of the Northern Line tops the list for the most affordable property. Morden’s average price is just £398,422. Colindale has the second most affordable house prices, at £405,576, while Zone 5’s Edgware enjoys an average value of £434,211.

The Night Tube will be particularly beneficial to these three areas, as late night crowds will be more inclined to live further out of the centre, knowing that they can still get home cheaply and easily.

The most impressive growth rates on the Northern Line are scattered across all zones. Burnt Oak has recorded the greatest increase in house prices on the line, at 12%, and was trailed by a three-way tie between Edgware, Kennington and Waterloo, at 10%. Morden again shows impressive growth, at 9%.

But despite strong growth around the capital’s outer zones, it was the prime central London stops that recorded the greatest declines. Goodge Street, Warren Street and Tottenham Court Road all saw prices fall by 1%. This is no doubt a result of these areas being home to some of the highest property values.

Clearly, the Night Tube service on the Northern Line will have the most positive effect on homeowners living in the furthest reaches of north and south London, making property on the outskirts of the capital more appealing, particularly to younger would-be homebuyers.

The Piccadilly Line will launch its Night Tube service on Friday 16th December, and other lines are expected to expand their routes in the New Year.

The Founder and CEO of eMoov, Russell Quirk, comments: “The launch of the Northern Line Night Tube service is no doubt one of the most anticipated, as the line connects both the very north and south peripherals of the city, with the Jubilee and Victoria line services merely brushing the boundary south of the river.

“With the price of property in central London forcing many, especially younger, homeowners and renters out into these peripherals, property close to a 24-hour link that reaches right across the city will be a sought after commodity indeed.”

He continues: “Property demand across the Northern Line reflects this, with the most sought after stations for buyer demand all located in Zone 3 and further afield, with the exception of Clapham North. Although demand should increase the entirety of the Night Tube service, homeowners at each end of the Northern Line should be particularly well placed to see the value of their property increase, in line with this heightened buyer demand.”

Landlords, now might be a great time to buy on the Northern Line…

London’s Night Tube Property Hotspots

Published On: August 30, 2016 at 2:15 pm


Categories: Property News

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London is officially now a city that never sleeps, thanks to the arrival of the Night Tube. In the capital, transport links play a vital role in boosting house prices – so where are London’s new property hotspots?

In the capital, homebuyers and investors will pay a premium for their properties to be close to transport links. And as Crossrail and Crossrail 2 have proved, great infrastructure means great things for capital growth.

So how will the new Night Tube affect London’s property market? The Regional Director of estate agent Portico, Mark Lawrinson, answers some important questions…

Will the Night Tube drive up house prices on the participating lines? 

“Yes it will, but mainly in areas further out from central London, so Zone 3, 4 and 5 outwards,” says Lawrinson. “At the moment, it’s too early to predict an overall price increase.”

He continues: “The Night Tube will appeal to young professionals who work and party in central London, but can’t afford to buy in Zone 1 or 2. The new 24-hour service will mean they can push further out to more affordable areas, while still maintaining the lifestyle they want and without spending a fortune on taxis!”

Which stations are the ones to watch?

Lawrinson explains: “When Crossrail plans were announced, there was a huge spike in demand from both tenants and homebuyers wanting to move into the chosen areas while prices were still affordable, and we expect a similar rate of demand for areas on the Night Tube when the service is fully rolled out.

“Dataloft and SellMyHome have recently forecasted that property prices within half a mile of Night Tube stations will increase by 5-10% above the general rate of growth in the nearby area. This is in line with the rate of growth we have seen in areas affected by Crossrail.

“Most Londoners will have considered Zones 4 onwards out of reach, but the Night Tube has opened up new possibilities. We expect areas at the end of the lines to see the biggest property price rises, such as Cockfosters, High Barnet and Walthamstow.”

London's Night Tube Property Hotspots

London’s Night Tube Property Hotspots


The Central Line is one of the fastest lines on the Underground, connecting the east to central London in a flash. It is this fantastic transport link, along with new infrastructure investment and regeneration, that has pushed house prices up in east London at a quicker rate than anywhere else in the capital. Now that the Night Tube has arrived, Portico expects demand for property hotspots such as Leyton to be even stronger than it currently is.

A typical one-bedroom flat in Leyton (Zone 3) is around £290,000, and now that the Central Line is operating 24-hours-a-day on weekends, easterly residents will have even more of an incentive to buy in the area.

High Barnet

Traditionally, High Barnet has been seen as a residential, family area, but regeneration and new contemporary homes have attracted a rush of young professional tenants and homebuyers to this part of north London. Portico believes that the Night Tube will further increase the area’s popularity with a younger demographic.


Thanks to redevelopment of the town centre, a wave of new shops, bars and restaurants, and a handy location on the edge of the Victoria Line, Walthamstow has been transformed from an undesirable and run-down area into a property hotspot for late 20-somethings.

It has seen huge capital growth over the last few years and is already a hotspot for first time buyers and landlords. Sean Hewitt, the Manager of Portico’s Walthamstow branch, expects the Night Tube to only enhance the area’s desirability. He believes that “smaller one or two-bedroom properties will see the biggest increases, as these are the properties likely to be in demand by the demographic using the Night Tube”.


Over the past year, Cockfosters has experienced strong capital growth, due to its affordability, green spaces, instant access to the M25 and the Piccadilly Line into London, which connects to further great transport hubs. But it’s the Night Tube that will really put Cockfosters on the map, says Portico.

Currently, the area offers more houses than flats, and the greater proportion of new builds in Cockfosters are houses, to accommodate this demand. The area attracts young professionals and families who want affordable homes and good schools, but also want to get to central London at the weekends – which is why the Night Tube will only increase demand in Cockfosters.

Tottenham Hale 

At present, Tottenham hale is one of the cheapest areas to buy a property along the Night Tube route, with an average one-bedroom home standing at £300,000. It is already a first time buyer haven, but Portico expects demand to strengthen now that the area has access to a 24-hour Tube service.

What’s more, Crossrail is due to launch in Tottenham Hale in 2017, and it’s a proposed Crossrail 2 location too. With infrastructure improvements comes regeneration, and with regeneration comes house price growth.

Investing along the route

If you’re looking to purchase a buy-to-let property along the Night Tube route, Lawrinson advises: “Look at the demographics of an area and choose a location which is popular with young professionals or young families looking for larger properties within their budget, who also want the option of a central London evening lifestyle. Typically, it’s young professionals and families who want the best of both (i.e. affordable housing or rental prices and a central London lifestyle), so make sure you buy to let in an area that appeals to these demographics.

“The migration of young professionals to outer zones will continue as the areas become more accessible, which will in turn spur regeneration and push up rental and property prices. In other words, investing in the right area could produce excellent rental yields and capital growth.”

Which areas offer the highest rental yields?

Hounslow West: Piccadilly Line, Zone 4 – 5.3%

Hainault: Central Line, Zone 4 – 5.2%

Stratford: Jubilee Line, Zone 2/3 – 5%

Tottenham Hale: Victoria Line, Zone 3 – 4.8%

Stanmore: Jubilee Line, Zone 3 – 4.8%

Walthamstow: Central and Victoria Lines, Zone 3 – 4.7%

Cockfosters: Piccadilly Line, Zone 5 – 4.4%

Brixton: Victoria Line, Zone 2 – 4%

Morden: Northern Line, Zone 4 – 4.4%

Edgware: Northern Line, Zone 5 – 4.1%

High Barnet: Northern Line, Zone 5 – 3.8%

Ealing Broadway: Central Line, Zone 3 – 3.7%

The Average Property Price Across the Night Tube Lines

Published On: August 19, 2016 at 9:33 am


Categories: Property News

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The Night Tube has finally arrived in London! With services set to commence on the Central and Victoria lines tonight, has revealed the average property price across the network.

The Tube will run past midnight tonight (Friday 19th August) for the first time on the Central and Victoria lines, with the Northern, Jubilee and Piccadilly lines set to follow in the autumn.

Online estate agent eMoov has taken a look at the average property price across the two lines due to open tonight, as well as the increase in value over the last year and the hottest locations for housing demand.

Night Tube Property Prices

The average house price across both the Central and Victoria Night Tube lines is £883,690 – around £300,000 more than the London average.

However, the average house price along the Central Night Tube line comes in just shy of this, at £858,034, while the Victoria line is the more expensive of the two, at an average of £939,812.

The Highest

Unsurprisingly, the Zone 1 stations across the lines dominate the top ten most expensive stops. At a whopping £2.5m, Marble Arch is the most expensive Tube stop across the new service, with Bond Street (£2.3m), Holland Park (£2.3m) and Notting Hill Gate (£2.3m) also exceeding the £2m mark.

Oxford Circus is the fifth most expensive stop on the Victoria line, at £1.9m, joined by Tottenham Court Road, at £1.9m. The Victoria line’s other entries in the top ten most expensive stations are Pimlico, Victoria and Green Park, all with an average property price just below £1.7m. At £1.4m, Holborn completes the top ten across both lines.

The Lowest 

Although the general price of London property is high, there are still a number of affordable options for those hoping to take advantage of the new Night Tube service.

Despite boasting the highest average price, the Central line is also home to the majority of the top ten cheapest stops.

However, the Victoria line hosts the cheapest station, with an average house price of just £347,389 at Tottenham Hale. Blackhorse Road and Walthamstow Central (both at £435,906) are the only other Victoria line entries in the most affordable stations, in ninth and tenth place.

The Central line fills out the rest of the top ten, from second to seventh, with Gants Hill (£362,303), Newbury Park (£362,303), Stratford (£362,886), Barkingside (£368,933), Fairlop (£368,933), Hainault (£368,933) and Leyton (£400,885).

The Average Property Price Across the Night Tube Lines

The Average Property Price Across the Night Tube Lines

Property price changes

Property prices along the Central and Victoria Night Tube lines have increased by an average of 3% in the past year.

The Highest

Warren Street and Euston, both on the Victoria line, have enjoyed the greatest price rises in the last year, of 8%.

The Lowest 

However, Chancery Lane (-6%), Holborn (-5%) and Bank (-5%) have all experienced significant falls in value over the past 12 months. Vauxhall (-0.4%), St Paul’s (-0.1%) and Liverpool Street (-0.1%) have also suffered marginal declines.

Property demand

Property demand across the two Night Tube lines is currently at 25% – just 3% below the rest of the Underground network.

Tottenham Hale is currently the most in demand area across the initial Night Tube service, with property demand at 56%. The Victoria line also accounts for the fourth and fifth hottest Tube stops, with Blackhorse Road (48%) and Seven Sisters (46%).

However, the majority of the most in demand stations on the Night Tube network are located along the Central line.

Woodford (51%) and Leytonstone (49%) are the most in demand stops on the Central line Night Tube service, with Loughton (45%), Barkingside (45%), South Woodford (44%), Snaresbrook (42%) and Leyton (42%) all in the top ten.

The founder and CEO of eMoov, Russell Quirk, says: “In London in particular, property close by to a good transport link, such as an Underground station, will always command more where price is concerned. In fact, transport links have almost become an additional feature of the property itself and a great bargaining chip during the house selling process.

“The introduction of the Night Tube service should only help boost the value of the properties surrounding stations due to benefit from the service. The great thing about the Underground and the night service itself is that you don’t have to live centrally to benefit; you can live out in Zone 4 or beyond and still benefit, not only from the Night Tube, but the cheaper cost of property.”

He explains: “Take the likes of Barkingside for example. It is situated on the Central line, has one of the lowest average house prices on the initial Night Tube network, but is also the seventh highest level of demand, and as a result, has enjoyed one of the largest price increases over the last year.

“The average property in Gants Hill will only set you back just over £360,000, but has also seen the third largest value increase across the Central and Victoria lines. Even Loughton out in Zone 6 is a promising prospect for homebuyers, with demand at 45% and price seeing a 5% increase in the last 12 months.”

Landlords, if you’re looking to take advantage of high tenant demand across the Night Tube network, consider one of the great value locations uncovered by eMoov.

Could night tube boost rental growth in outer London?

Published On: August 16, 2016 at 9:59 am


Categories: Property News

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The new 24-hour tube service in the capital is launched this coming Friday (19th August). Experts are predicting that the changes could have a positive impact on rental yields for buy-to-let investors in areas subjected to the changes.

Night tube

Commencing on Friday, the new night tube will serve the Central and Victoria lines. Services on the Jubilee, Northern and Piccadilly lines will follow in the Autumn.

Reacting to the move, the Association of Residential Letting Agents (ARLA) said that the new service could provide many people with the confidence to move further out of London. As such, the rental market could receive a timely boost.

Around one-quarter of ARLA members living in London and the South East said they expected to see rental increases around tube stations running a round-the-clock service.

Could night tube boost rental growth in outer London?

Could night tube boost rental growth in outer London?


A number of letting agents believe that these regions could become more desirable for tenants, with landlords benefitting from a rise in demand.

Nik Madan, president of the Association of Residential Letting Agents, noted, ‘many Londoners will be rejoicing to see the 24-hour tube finally coming into action. It will mean less time spent on late night buses for those living in Epping or Walthamstow and will make the prospect of living further out of London more attractive-especially as rent costs continue to rise in the centre.’[1]

‘Transport links are a major player in influencing demand and in turn rent costs, so as end-of-the-line areas become connected, there’s a chance we’ll see prices rise,’ he added.[1]


Onlookers are expecting a similar impact on property as experienced by the Crossrail services. Slough and Reading, both served by the new scheme, have seen house prices increase by 39% and 33% since the project was announced back in 2014.

Average regional increases total 22%.