In a recent article in The Telegraph the most in demand london underground tube stop for house buyers are revealed and surprisingly it’s not in London. Watford came in first.
Online estate agent eMoov.co.uk compiled their latest property hotspots index for tube stops across the capital. The index monitors demand for property across the tube network as well as change in demand over the last 6 months.
The top 5 hottest tube stops are:
- 78% Watford Zone 7
- 77% Eastcote Zone 5
- 75% Ickenham Zone 6
- 75% West Ruislip Zone 6
- 75% Ruislip Zone 6
The research shows the increase in popularity among home buyers for outer london. Four out of the top five were all on the Metropolitan line, Zones 5 and beyond. When looking at the least favourite the top ten were all in Zone 1
eMoov top line results
- Demand across London’s Tube Network up by 13% in six months.
- Watford (78%) is the current leader as the hottest tube stop on the network, with East Ham (+26%) seeing the biggest climb over the last six months
- Demand for zones has seen Zone 3 (+21%) rise the most with Zone 4 (+19%) in second
- The Central Line (48%) is the most in demand of all lines for property
- The Jubilee Line (18%) has enjoyed the biggest increase in property demand
What’s not top makes just as interesting reading.
Nearly a quarter of tube stops have seen demand for property surrounding the station drop. Amongst the worst hit are Chorleywood (-13%), Mill Hill East (-10%), Northwood (-8%). Woodside Park, Rickmansworth and Ruislip Gardens have all fallen by -7%. Debden and Kilburn (-6%) and West Hampstead and Uxbridge (-5%) all complete the top ten of stations that have declined in demand. At 13%, demand around Bond Street, Oxford Circus and Marble Arch was the lowest of all tube stops across the network.
Property expert Russell Quirk, founder and CEO of leading online estate agent, eMoov.co.uk, commented:
“Our research shows that the East London property market is on fire at the moment. From city brokers, trendy hipsters to commuting parents, the East offers up a variety of property for every type of home-owner.
With great transport links via the Jubilee and Central Lines as well as the development of the Cross Rail project, strength of demand in this areas should remain due to the improving transport infrastructure, as well as the affordability of property when compared to the rest of the capital.
London continues to be the property investment Mecca with demand remaining high as people try to get a foot on the ladder, make a return on their investment, or even just secure a small piece of the capital to call their own.”
You can check out their full research here.
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