Living close to a Tube station in London means better transport links, plenty of amenities and an easier commute – but you can expect to pay for the privilege.
It’s no surprise that the closer you get to the centre of London, the higher the costs of homes become. Although there are a few outliers along the way, the general rule is; if you want to buy a cheaper house, you will need to consider living further away from the centre.
To help make the decision on where you should buy in London, Residential People have researched to find the 3 cheapest places to live on the London Tube network.
- The Metropolitan line – the Metropolitan line is the most affordable for buying, overall, with an average deposit price of £100k, which is comparatively low for London. Metropolitan is also the most affordable for renting – on average – with Watford offering the cheapest rent overall, at around £1,083pcm.
- District and Piccadilly – an impressive 8 of the 10 most affordable stops, for renters, can be found along the District and Piccadilly lines. These include Elm Park and Hatton Cross. Nine of the 10 most affordable deposits can also be found along these lines.
- Dagenham East – the cheapest station to live near is Dagenham East, where the average property price is in the region of £310,000 with potential homebuyers needing to cough up around £30,000. The area is currently receiving considerable investment, though, so this figure is expected to rise.