Commuters to the capital save £380,000 on housing

Research has found that commuters who spend an hour-long train journey into London are saving around £380,000 on their average house price compared with the cost of living in the heart of the capital.

View all 2 updates ›

Commuters to the capital save £380,000 on housing

Research has found that commuters who spend an hour-long train journey into London are saving around £380,000 on their average house price compared with the cost of living in the heart of the capital.

Lloyds Bank said that homes within a selection of commuter belt areas which are about a 60 minute commute by train.

Commuters to the capital save £380,000 on housing Credit: Pa

Those areas include Crawley, Windsor, Brighton, Rochester, Peterborough and Oxford, typically cost £260,000, which is £381,000 lower than the average price tag for a property within zones one and two in London, at £641,000.

With the average annual rail cost from these areas currently at just below #5,000, it would take someone 76 years of commuting to wipe out the difference in house prices, if property values and rail costs remained at the same levels.

More top news