Mind the Gap – Five tube stops can reduce your rent by half in just 12 minutes

July 2, 2019

Leading room share platform, ideal flatmate, has looked at where across the London Underground network is home to some of the biggest rental savings when travelling no more than five stops.

ideal flatmate looked at the average cost of renting across the entire tube network and then looked at each line individually to see where a short hop on the tube for just five stops can see tenants reduce their rental outgoings dramatically.

Based on the below, opting to travel five stops out can see rental costs cut from £3,188 to £1,608. That’s a huge saving of £377 a month for every station and £145 for every minute extra spent on the tube!

Here’s how it breaks down by line from the largest saving per minute to lowest.

The biggest cost saving per minute is on the Jubilee line between St John’s Wood and Willesden Green, with £287 saved for every one of the nine minutes it takes to travel between the two.

While there are just two stops on the Waterloo and City line, it’s still home to the biggest cost saving per station with the average monthly rent reducing by £910 between Bank and Waterloo.

The biggest total saving is again on the Jubilee between St John’s and Willesden, closely followed by the jump between Gloucester Road and Acton Town on the Piccadilly line.

Co-founder of ideal flatmate, Tom Gatzen, commented: 

“London’s extensive tube network allows those priced out of many areas of the capital to remain within arm’s reach of where they would like to be by compromising nothing more than just a few extra stops on the tube.

Rental prices can vary drastically from one tube stop to the next so while you might have your heart set on St John’s Wood, adjusting your expectations by just nine minutes can mean remaining close by but saving nearly £3,000 a month in rent in Willesden Green.

This doesn’t just apply to house hunting, but also for work. We’d all love to work on our doorstep but this isn’t realistic for many. However, you could find a much more affordable option just minutes on the tube that will improve your monthly bank balance and your quality of life.

This mix is vital when living in London and while looking further out might see these rental savings increase, we’ve kept our search within five stops and no more than 20 minutes of each other to find the perfect mix of affordability and commuter appeal.”

Line
Station A
Average Rent
Station B
Average Rent
Rent Saving
Number of stops
Saving per stop
Average travel time
Cost/saving per minute
Jubilee
St. John’s Wood
£4,129
Willesden Green
£1,547
£2,582
5
£516
9
£287
Bakerloo
Paddington
£3,202
Kensal Green
£1,508
£1,694
5
£339
9
£188
Waterloo & City
Bank
£3,237
Waterloo
£2,327
£910
1
£910
5
£182
Piccadilly
Gloucester Road
£4,207
Acton Town
£1,629
£2,578
5
£516
16
£161
Circle
Royal Oak
£3,202
Shepherd’s Bush Market
£1,694
£1,508
5
£302
10
£151
Hammersmith & City
Paddington
£3,202
Wood Lane
£1,694
£1,508
5
£302
10
£151
Victoria
Oxford Circus
£3,193
Finsbury Park
£1,651
£1,542
5
£308
11
£140
District
Tower Hill
£3,237
Bow Road
£1,499
£1,738
5
£348
14
£124
Central
Holland Park
£2,860
West Acton
£1,629
£1,231
5
£246
12
£103
Metropolitan
Great Portland Street
£3,193
Northwick Park
£1,365
£1,828
5
£366
20
£91
DLR
Island Gardens
£2,032
Lewisham
£1,300
£732
5
£146
9
£81
Northern
Hampstead
£2,561
Burnt Oak
£1,452
£1,109
5
£222
14
£79
Average
£3,188
Average
£1,608
£1,580
5
£377
12
£145

 

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