End of the line: 10 commuter options that save £91 rent per minute…

April 4, 2019

The latest research by automated property management specialists, Howsy.com, has looked at how much London’s tenants could save by buying at the other end of a direct rail line into London.

Howsy looked at 10 locations just outside of the M25 with direct links into major London transport hubs of 41 minutes or less, comparing the average rent per calendar month in the surrounding areas at each end of the line.

Howsy then divided this saving by the journey time to highlight how much can be saved in rent by doing nothing more than moving to the other end of a high-speed rail service.

The data shows that on average it cost just £1,529 a month to rent across these locations compared to £4,271 at the other end of the line. With an average journey time of just 30 minutes, that’s a saving of £91 for every minute!

The biggest saving on offer was between Chafford Hundred and Fenchurch Street, with a monthly rental saving of £6,148 and a journey time of just 33 minutes, equating to a massive £186 saving for every minute travelled.

Redhill to Victoria offered a saving of £6,308 a month or £158 per minute despite the longer journey time of 40 minutes, with Slough to Paddington providing a saving of £117 for each of the 27 minutes it takes to travel between the two.

Hemel Hempstead also offered a saving per minute of over £100, with a total saving of £3,569 meaning each of the 33 minutes travelled between the two saves renters £108 per month.

The lowest saving was between Leatherhead and Waterloo, with the lowest total saving of £148 and the longest journey time of 41 minutes equating to a saving of £4 for every minute travelled – every little helps.

Founder and CEO of Howsy, Calum Brannan, commented:

“With recent changes to the buy-to-let sector and the impending ban on tenant fees, the cost of renting within the M25 ring looks set to continue its upward trend and put a further squeeze on the cost of living for many.

As a result, the majority of tenants have to make do with whatever their budget can afford but a lower budget doesn’t have to mean greater inconvenience or a complete compromise on your lifestyle.

With a bit of research there are plenty of pockets outside of the M25 that offer much, much lower rents and sit at the other end of a direct rail link into London. In fact, with the notoriety of London transport, you could arguably sit on a tube for longer most days than it would take you to traverse to the peripherals of the capital via these rail links.”

Stations
Average Rent (Pcm)
Total Saving
Travel Time
Rent Saving per Minute
Chafford Hundred
£1,176
£6,148
33
£186
Fenchurch Street
£7,324
Redhill
£1,268
£6,308
40
£158
Victoria
£7,576
Slough
£1,036
£3,162
27
£117
Paddington
£4,198
Hemel Hempstead
£1,118
£3,569
33
£108
Euston
£4,687
Cheshunt
£1,146
£1,859
20
£93
Liverpool Street
£3,005
Shenfield
£1,376
£1,629
24
£68
Liverpool Street
£3,005
Seven Oaks
£1,718
£1,511
23
£66
London Bridge
£3,229
Woking
£1,528
£1,701
28
£61
Waterloo
£3,229
Oxted
£1,841
£1,388
28
£50
London Bridge
£3,229
Leatherhead
£3,081
£148
41
£4
Waterloo
£3,229
Average Outside M25
£1,529
£2,742
30
£91
Average in London
£4,271

 

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Love or Hate Rightmove
Breaking News

Rightmove rental tracker: 50,000 rental properties needed to bring supply back to pre-pandemic levels

Average advertised rents outside of London rise to a new record of £1,291 per calendar month (pcm), though the pace of rent growth continues to slow, with average rents now 8.5% higher than last year London rents reach a new record by two pounds, rising to £2,633 per calendar month. Average advertised rents in the…
Read More →
Letting Agent Talk

Half of Renters Don’t Know Where to Turn When Something Goes Wrong

Results come as TDS Charitable Foundation develops new service to support tenants to uphold their rights. HALF of all private renters would not know where to turn to if a landlord or letting agent failed to address a problem in a property. That’s according to interim results from a new representative survey of over 2,000…
Read More →
Estate Agent Talk

Liverpool’s Real Estate Market: What You Need to Know

Liverpool’s real estate sector presents a dynamic environment for investors, homebuyers, and tenants alike. As the city continues to expand and develop, understanding the nuances of this market is crucial for anyone looking to engage with property in the area. This article provides a comprehensive look at the current trends, investment opportunities, and potential challenges…
Read More →
Estate Agent Talk

Identifying Common Structural Issues in Balconies

Living in a city like Sydney, where a breathtaking view of the cityscape and ocean can be the crowning jewel of your property, it’s no surprise that balconies are key features sought after by homeowners. However, over time, these aesthetically pleasing elements can become a structural nightmare due to a range of issues that compromise…
Read More →
Estate Agent Talk

Stay Safe With Aluminum Ladders: 5 Facts About Lightning Attraction

Whether redecorating, putting items away in storage, or cleaning windows, there are many reasons why you may need ladders. They’re likely an item you have tucked away in your garage or, if a contractor, a tool you carry to and from work. Although highly beneficial, it’s essential to use this device correctly. Why? Aluminum is…
Read More →
Letting Agent Talk

Some Instances Where Landlords Are Liable for Slip and Fall Accidents

In bustling urban environments, slip-and-fall accidents can disrupt lives, leading to injuries and legal complexities; landlords are responsible for maintaining safe premises. From icy sidewalks to poorly maintained staircases, instances where landlords may be held accountable for slip and fall accidents are diverse and nuanced. Understanding these scenarios is a matter of legal obligation and…
Read More →