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THE NIGHT TUBE WILL DRIVE UP PROPERTY PRICES IN THE OUTER ZONES

August 30, 2016

NEWS RELEASE

FOR IMMEDIATE RELEASE

30 AUGUST 2016

THE NIGHT TUBE WILL DRIVE UP PROPERTY PRICES IN THE OUTER ZONES

The Night Tube will drive up property prices in Zones 3, 4 and 5, while the highest rental yields on the line can already be found in the outer zones, according to London estate agent Portico.

Hounslow West, in Zone 4 near Heathrow currently offers the highest rental yield on the Night Tube line at 5.3%, while fellow Zone 4 location Hainault is just behind with a yield of 5.2%.

Up-and-coming Stratford in Zone 3 has a rental yield of 5%, while Zone 3 Tottenham Hale and Stanmore are achieving healthy 4.8% yields.

Most Londoners will have considered Zones 4 onwards out of reach, but the Night Tube has opened up new possibilities.

The agents predict that both rent yields and house prices will increase as a result of the Night Tube, and that areas at the end of the lines will see the biggest property price rises, such as Cockfosters, High Barnet and Walthamstow.

Mark Lawrinson, Regional Director, Portico Estate Agents, says:

“The Night Tube will appeal to young professionals who work and party in central London but can’t afford to buy in Zone 1 or 2. The new 24-hour service will mean they can push further out to more affordable areas, while still maintaining the lifestyle they want, and without spending a fortune on taxis!”

ENDS

For media enquiries and to interview Mark Lawrinson (Regional Director), please contact:

Emma Williams on 020 7428 5314 / e.williams@portico.com

Notes to editors

Which areas on the edge of the Night Tube offer the highest yields?

Hounslow West** | Piccadilly Line | Zone 4 | Current highest yield: 5.3%*

Hainault | Central Line | Zone 4 | Current highest yield: 5.2%*

Stratford | Jubilee Line | Zone 3 | Current highest yield: 5%*

Tottenham Hale | Victoria Line | Zone 3 | Current highest yield: 4.8%*

Stanmore | Jubilee Line | Zone 3 | Current highest yield: 4.8%*

Walthamstow | Central | Victoria Line | Zone 3 | Current highest yield: 4.7%*

Cockfosters | Piccadilly Line | Zone 5 | Current highest yield: 4.4%*

Brixton | Victoria Line | Zone 2 | Current highest yield: 4%*

Morden | Northern Line | Zone 4 | Current highest yield: 4.4%*

Edgware | Northern Line | Zone 5 | Current highest yield: 4.1%*

High Barnet | Northern Line | Zone 5 | Current highest yield: 3.8%*

Ealing Broadway | Central Line | Zone 3 | Current highest yield: 3.7%*

The Portico Yields Calculator can be found here: www.portico.com/yields

*Potential investors should satisfy themselves that any property acquisition meets their requirements and should take independent professional advice regarding the achievability of the rental yield and the value of the property itself. Rental yields quoted here are statistical assessments taken from Portico’s Interactive Yield Map on 23/08/16. They are not guaranteed and may be lower if the property does not achieve continuous occupancy.

Unfortunately we don't have enough data to make a meaningful assessment about the yield in Heathrow, so we have found the yield for nearby Hounslow West instead.


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