House prices along London’s Cycle Superhighways are 80% higher than average

May 28, 2020

With many Londoners now opting for pedal power to avoid the social distancing nightmare of public transport, research by London lettings and estate agent, Benham and Reeves, has revealed the steep cost of buying along one of London’s Cycle Superhighways.

Benham and Reeves analysed the average house price in outcodes straddling each of London’s Cycle Superhighways and how they compare to London as a whole, as well as the wider boroughs bordering these greener transport routes in and out of the city.

The research shows that on average, house prices along all seven Cycle Superhighways averages £874,578, 80% higher than the current average London house price of £485,794. The cost of living along a London Cycle Superhighway also largely exceeds the wider average cost of buying in the boroughs these routes pass through.

The largest cycle property price premium is found along CS3, between Tower Hill and Lancaster Gate. The average house price in outcodes straddling this route currently sits at £1.2m, 149% more than the London average. This is also higher than the average house price in three of the four boroughs the route runs through, with just Kensington and Chelsea coming in above it.

At £1,018,929, the cost of buying along CS5 – Oval to Pimlico comes in ever so marginally more than CS8 – Wandsworth to Westminster (£1,017,777). Both are home to average house prices 110% more than the London average.

At £877,258, the CS6 stretch from King’s Cross to Elephant and Castle is the next most expensive Cycle Superhighway, 81% more than the London average. With Camden the only one of the four boroughs it passes through to see a higher average house price overall.

CS7 – Merton to the City has an average property price of £695,652 along the route, 43% more than the London average, while CS2 – Stratford to Aldgate provides the best homebuyer value along a Cycle Superhighway; although this is still 22% higher than the London average at £591,080.

Cycle Superhighway
Route
Average house price along route*
Boroughs along route
Average price of boroughs along route
Difference to London average (%)
CS2
Stratford to Aldgate
£591,080
Newham
£387,326
22%
Tower Hamlets
£472,662
City of London
£792,583
CS3
Tower Hill to Lancaster Gate
£1,207,322
Tower Hamlets
£472,662
149%
City of London
£792,583
City of Westminster
£1,085,013
Kensington and Chelsea
£1,396,102
CS6
King’s Cross to Elephant & Castle
£877,258
Camden
£881,096
81%
Islington
£632,270
City of London
£792,583
Southwark
£488,610
CS5
Oval to Pimlico
£1,018,929
Lambeth
£525,487
110%
City of Westminster
£1,085,013
CS7
Merton to the City
£695,652
Merton
£509,252
43%
Wandsworth
£624,858
Lambeth
£525,487
Southwark
£488,610
City of London
£792,583
CS8
Wandsworth to Westminster
£1,017,777
Wandsworth
£624,858
110%
City of Westminster
£1,085,013
CS1
Tottenham to the City
£714,028
Haringey
£565,343
47%
Hackney
£638,683
Islington
£632,270
City of London
£792,583
Average
£874,578
Difference between CS average and London average
80%
London Average
£485,794
*Average house price across all outcodes that each cycle superhighway passes through
Outcode house price data sourced from PropertyData. London and London borough house price data sourced from Gov.uk.

Properganda PR

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

You May Also Enjoy

Rightmove logo
Breaking News

Back-to-school buyer bounce outpaces typical September uplift

New real-time analysis from the UK’s largest property platform Rightmove reveals that buyer demand received a stronger than usual back-to-school boost during the first week of September Buyer demand increased by 5% during the opening week of the month, significantly higher than the average increase of 0.4% seen over the same period during the last…
Read More →
Letting Agent Talk

8,500 tenanted homes currently on the market

8,500 tenanted homes currently up for sale as TLP highlights importance of clean client money handovers   More than an estimated 8,500 homes are currently being marketed for sale with tenants in situ across England, according to the latest analysis by The Letting Partnership, presenting landlords with the opportunity to acquire an investment generating rental…
Read More →
Estate Agent Talk

Which property types take the longest time to buy?

From complex flats and shared ownership homes to new builds and unusual titles, Lyons Bowe reveals which properties can create the biggest conveyancing workload   The latest insight from Lyons Bowe has revealed which types of property are most likely to require the largest and most complex conveyancing workload, potentially adding more stages to the journey…
Read More →
Commercial Agent Talk

Building Site Accidents and Compensation: A Guide for Injured Workers

One mistake, one faulty piece of equipment and an unsafe working setup could cause a construction laborer much more than just aches and pains. One injury can result in medical costs, showing up on working days, reduced income and a path to long recovery. Under certain circumstances, the workers may be entitled to get compensation…
Read More →
Estate Agent Talk

First-Time Buyers: Why 4–5 Houses is the Sweet Spot

House hunting before the stress kicks in: Four to five houses is the sweet spot for first-time buyers Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a…
Read More →
Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More →