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
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Metropolitan line has cheapest average house price of tube lines with an average property price of £641,919
Cheapest properties on line were in Uxbridge and Hillingdon and most expensive near Great Portland Street
The most expensive tube line to live on was the Circle Line where the average house price reaches £1,426,177
Northern Line ranked second in the cheapest Tube lines, with average house price selling for £798,691
Londoners looking to get their foot on the property ladder will be able to find a bargain home along the Metropolitan line where prices can reach as low as £290,000, a new property survey has found.
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