A London estate agency has created a new visual aid to those looking to understand property price trends in the capital.
Property marketing firm Wetherell joined forces with property research consultancy Dataloft to create the map image, which shows the property prices around underground stations and along Tube lines.
The Wetherell London-Underground Property Map gives a visual key to the capitals house prices as they relate to this key transport system – with some of the most expensive stations including:
- Hyde Park Corner
- Green Park
- High Street Kensington
- Regents Park
The most expensive lines in Zone 1 of the London Underground are revealed to be:
- Piccadilly Line
- District Line
- Circle Line
- Central Line
And while these results might be unsurprising, the map also reveals how just a few station stops can make a huge difference in house prices – with prices rising 186 per cent in just five stops between Elephant and Castle and Piccadilly Circus.
Between the station stops of Southwark and Green Park – a journey that would usually take around five minutes to complete – the average house prices rise by £763,200 – a leap of £152,640 per minute of journey.
The map is intended as a useful tool for house hunters and property marketers to give a quick understanding of the mini markets within the capital’s buzzing property sales industry.