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Home Property Affordable Property

Top 20 most affordable commuter towns of 2019 revealed

The most affordable London commuter towns of 2019 have been revealed with Ebbsfleet, Pitsea, Laindon and Luton all making it in to the top 20. The new list, which takes into account house prices, mortgage payments and rail season ticket costs across more than 300 towns within a 75-minute journey of central London, comes as rail fares are hiked […]

Jack Peat by Jack Peat
2019-01-02 11:09
in Affordable Property, Property
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The most affordable London commuter towns of 2019 have been revealed with Ebbsfleet, Pitsea, Laindon and Luton all making it in to the top 20.

The new list, which takes into account house prices, mortgage payments and rail season ticket costs across more than 300 towns within a 75-minute journey of central London, comes as rail fares are hiked up by 3.1 per cent across the UK, adding significant cost to those commuting from the outer edges of London’s commuter belt.

Taking today’s price hikes into consideration, the number one spot goes to Apsley in Hertfordshire, a historic industrial site situated in a valley of the Chiltern Hills.

Putting a roof over your head and getting to work and back in Apsley costs the average person £1,139 a month.

Taking second place is the town of Ebbsfleet in Kent, which offers a particularly short commute to London and back – just 36 minutes – while average property prices are also low, at just £243,000.

In third place is the town of Tilbury in Essex, which benefits from a reasonably priced annual season ticket, at £2,448, or £204 a month.

Ishaan Malhi, founder and CEO of online mortgage broker, Trussle, commented: “House prices in London are unaffordable for a lot of people, so it’s little wonder that so many workers choose to commute from areas where they can get more for their money. This often comes at the price of hefty rail fares, and with the rise in transport costs, it’s important homeowners are taking this into consideration as they look to move house.”

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RankTownAverage property priceAverage monthly mortgage paymentMonthly cost of rail season ticketTotal commuting timeCost of commute if time was valuedTotal monthly cost
1Apsley£228,030£835£303.6752£327.60£1,466
2Ebbsfleet£242,623£888£401.3336£226.80£1,516
3Tilbury£240,487£880£204.0083£522.90£1,607
4Basildon£270,347£990£245.0068£428.40£1,663
5Pitsea£241,878£885£256.6784£529.20£1,671
6Laindon£274,714£1,006£245.0068£428.40£1,679
7Luton£265,575£972£359.0057£359.10£1,690
8Rainham (Essex)£327,725£1,200£164.6752£327.60£1,692
9Earlswood£251,029£919£237.0088£554.40£1,710
10Sudbury£308,174£1,128£439.3324£151.20£1,719
11St Mary Cray£313,225£1,147£173.3365£409.50£1,730
12Stevenage£316,998£1,160£321.3345£283.50£1,765
13Gravesend£323,621£1,185£297.6745£283.50£1,766
14Leagrave£254,497£932£359.0079£497.70£1,789
15Northfleet£265,037£970£269.0088£554.40£1,793
16Strood£255,184£934£444.3369£434.70£1,813
17Grays£313,700£1,148£204.0074£466.20£1,818
18Chatham£250,689£918£446.6777£485.10£1,850
19Harlow£323,588£1,185£287.3364£403.20£1,876
20Slough£394,399£1,444£226.0033£207.90

..

Pic: mattbuck, licensed under the Creative Commons Attribution-Share Alike 2.0 Generic license.

RELATED 

https://www.thelondoneconomic.com/property/londons-millennial-exodus-fuels-rental-growth-in-manchester-birmingham-and-leeds/14/12/

https://www.thelondoneconomic.com/property/these-are-the-top-20-most-affordable-streets-in-london/11/12/

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