BUYThe relationship between public transport and property prices has been acknowledged for decades, and landlords have twice as many reasons to invest in properties close to Underground stations in SW London.
As well as tenants willing to pay a premium to live close to a stop, property investors should enjoy healthy house price appreciation– an aspect landlords should be paying closer attention to if they want to maximize returns in the current buy-to-let climate
Research has shown the value of homes by many of London’s Tube stations rose by as much as 57% in 10 years. Price comparison site, Service Octopus, even mapped the decade-long house price rises for every station, with SW London Underground stations Clapham Common, Clapham North, Clapham South, Balham, Tooting Bec and Tooting Broadway enjoying average 10-year house price growth of 44%.
If this research is conducted again in 2020, there will be two new SW London Tube stations to add to the list – Battersea Power Station and Nine Elms. Tunneling for these two stations has now completed and work on the actual station boxes has become.
