Commuters Save On Average £400,000 By Not Living In The Capital

July 10th 2014
By: Melanie

According to Lloyds Bank commuters who live within an hour of London are saving themselves on average £400,000 on a price of a property. Home owners who live in Crawley, Brighton and Peterborough can save themselves up to as much as £260,000 compared to the average price of a home in central London. Other towns across Hertfordshire and Essex are also attracting buyers looking to save money on purchasing a house in the capital such as Bishop's Stortford, Saffron Walden, Stansted and surrounding villages and Royston.

For example a one bedroom flat in Ealing, W5 will cost up to £669,950 where as Intercounty have this one bedroom property for sale in Saffron Walden for £244, 950 - £425,000 less than a one bed flat in London.

The for less than the cost of a one bedroom house in London buyers could expect to buy a 4 bedroom, detached Victorian home in Sawbridgeworth for £675,000 (as featured).

The average cost of a rail ticket into London from within an hour away is just under £5,000 per year, which Lloyds state would take 76 years of commuting before the price difference is eradicated.

Living within an hours commute to London can also offer home owners the chance to enjoy plenty of other benefits too such as; great country side, local pubs, cheaper parking, fantastic schools, living in a friendly community and a lower crime rate.

If you are considering moving from London to one of the nearby districts, or are interested in finding out what you can buy in the area then why don't you pop into your local branch of Intercounty for a coffee and a chat or give our team a call on 0844 8111090.