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.

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