Homes near the country’s best-performing train stations command an average premium of more than £33,000 compared with those close to the worst, according to new research.
Analysis by eXp UK, the self-employed estate agency platform, compared property values in postcodes covering the 20 stations with the lowest cancellation rates against the 20 with the highest.
It found that homes near the most reliable stations, where just 1.85 per cent of trains were cancelled on average, sold for £507,044.
In contrast, properties close to the worst-performing stations, with average cancellations of 4.7 per cent, fetched £473,840.
RELIABILITY AND AFFORDABILITY
The study also highlighted areas that combine reliability with relative affordability. Properties near Glasgow Central and Glasgow Queen Street stations, with cancellation rates of 1.5%, average £178,341. Barking, where cancellations stand at 1.59%, averages £294,872, while homes in Edinburgh (£361,998) and Lewisham (£389,529) also fall below £400,000.
At the other end of the scale, postcodes covering Vauxhall, Farringdon and St Pancras rank among the worst for cancellations and all carry average house prices above £720,000.
COVETED ACCOLADE
Adam Day, head of eXp UK and Europe, says: “Transport links are often of vital importance to buyers and this naturally means that homes within walking distance of a train station will command considerably more than the national average, even if they happen to be located by one of the worst-performing stations for cancellations.
“However, for those close to one of the best stations, this coveted accolade can push asking price expectations even higher.
“Arming yourself with the knowledge of such local factors can make all the difference when it comes to negotiating a sale, whether you’re a seller looking to achieve a stronger price or a buyer hoping to negotiate a discount.”
