If you work in London and commute in, then you’re cashing in.
So says research by the Halifax which reveals that those travelling for an hour to the City enjoy home values locally that are 61% below that of central London prices. Houses in Peterborough, Manningtree, Swindon and Rochester cost typically £375,000 below prime London postcodes.
Within half an hour’s commute, places like Chelmsford, Milton Keynes, Reading and Sevenoaks have house prices that are 56% below that of the capital, more than offsetting the the price of a rail season ticket of around £3,000.
Even Watford and Bromley, just fifteen minutes from the ‘smoke’ by rail, enjoy property values £300,000 less than London itself.
Such a gap in cost is surely worth sacrificing your daily lie in for?