Northern Line extension fuels property boom as Kennington becomes Zone 1/2: House prices rise along new London Tube route to Battersea Power Station and Nine Elms that opens in Autumn 2021
Transport for London (TfL) today announced that Kennington is changing from a Zone 2 to a Zone 1/2 station
The fare zone change means customers going to and from central London will only pay a Zone 1 fare
Those travelling between Kennington and city centre will also see their pay-as-you-go fare reduced to £2.40
Savills said move is likely to cause house prices in Kennington to rise as demand for homes in area increase
Data shows that the average house price in Kennington between 2010-20 has risen from £381,751 to £581,007
Elephant & Castle Shopping Centre in Southwark was pegged to become a commercial hub for south London
But, the 55-year-old London shopping arcade swiftly became redundant - before later falling into disrepair
Now, developer Keltbray is set to demolish 2.5 acre site entirely, and replace it with a £1billion development
Includes nearly 1,000 new flats, a new tube station for the Northern Line, and two new university buildings