Renting Property News

Soaring train prices push tenants to the Tube

25th October 2011

Pic: Properties near tube stops more attractive 

With train prices soaring, it is more important than ever for tenants to research their commute to work
Stephen Ludlow - Chairman, ludlowthompson

13% price hikes for trains make properties near tube stations more economically attractive for tenants.

Houses and flats within a ten minute walk of a Tube station attract a higher rent because of their convenience for commuters. But as train fares become more expensive, properties located near tube stations are becoming more economically attractive to tenants, despite their higher rents.

Stephen Ludlow, Chairman of ludlowthompson, comments: “With train prices soaring, it is more important than ever for tenants to research their commute to work.  Weighing up the cost of the commute against the rental premium for living more centrally is more important than ever.

Boris bikes are a popular option for people who live near a docking station. Those who like to cycle to work can take advantage of the 30-minute free-of-charge period to get to work and back.

A helpful tool when searching for properties is the ludlowthompson journey planner which helps tenants to work out the journey to and from the property. It includes all modes of transport from Rail to River and also breaks down the distance if you were to walk or cycle. 

Here are six rental properties available from that are near to a tube station:

2 bedroom, £288 p/w (£144 per room) – Cromwell Close, Acton, W3

2 bedroom, £550 p/w (£275 per room) - Chequer Street, St Luke's, EC1Y

2 bedroom, £410 p/w (£205 per room) – Boyd Street, Whitechapel, E1

3 bedroom, £900 p/w (£300 per room) – King Henrys Road, Belsize Park, NW3

3 bedroom, £350 p/w (£117 per room) – Hanworth House, Camberwell/Oval, SE5

3 bedroom, £450 p/w (£150 per room) – Brough Close – Stockwell, SW8

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