With central London house prices booming and renters and buyers alike looking further out of the capital, it is vital for property investors to look around the most in-demand London Underground stations.
Recent research from eMoov revealed that Watford is the most popular Tube station for house hunters, despite not actually being in London, but in Hertfordshire.
Outer London is becoming increasingly popular, as high house prices and rents push Londoners out of the centre. All of the stations in the top ten are located in zone 5 or beyond.
Contrastingly, the top ten least popular areas are all in zone 1.
eMoov has calculated the demand rating by comparing the amount of properties listed for sale against the amount that have sold in a certain period.
Watford, in zone 7, has a rating of 78%, compared to just 13% for Bond Street.
The top nine most in-demand Tube stations are all in northwest London, with the east becoming more popular.
East Ham, in zone 3, saw a 26% rise in demand since February this year.
Landlords should look along the Central line, as it is the most popular with buyers and tenants. However, the Jubilee line has experienced the greatest increase in demand in the past six months, up by 18%. The lines that you should avoid are Circle, Northern and Victoria.
Top ten most popular Tube stations
|2||Eastcote||5||Metropolitan and Piccadilly|
|3||Ickenham||6||Metropolitan and Piccadilly|
|5||Ruislip||6||Metropolitan and Piccadilly|
|6||Ruislip Manor||6||Metropolitan and Piccadilly|
|9||Rayners Lane||5||Metropolitan and Piccadilly|
Russell Quirk, the founder and Chief Executive of eMoov, says: “It is interesting to look at the data, not only by the popularity of the station, but also which zones are most in-demand, as well as the lines that run through them.
“West Ruislip is the only top ten station on the Central line in terms of property demand, even though the Central line as a whole accounts for the largest demand percentage of all the lines.
“Based on our research, the most in-demand area of London is currently east London, home to the majority of the most in-demand stations, all of which are positioned in zones 5 and outwards. But zones 3 and 4 are also enjoying strong demand and big increases since January.”
He adds: “With great transport links via the Jubilee and Central lines, as well as the development of the Crossrail project, strength of demand in these areas should remain strong.”
Top ten least in-demand Tube stations
|1||Bond Street||1||Central and Jubilee|
|2||Oxford Circus||1||Central, Victoria and Bakerloo|
|5||Baker Street||1||Bakerloo, Circle, Metropolitan and Jubilee|
|7||Piccadilly Circus||1||Bakerloo and Piccadilly|
|9||Green Park||1||Jubilee, Piccadilly and Victoria|
|10||Hyde Park Corner||1||Piccadilly|
Do you have properties in any of these areas? How have your returns been changing recently?