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Which tube station has the highest property demand?

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Which tube station has the highest property demand?

Online estate agent, eMoov.co.uk, has released its latest Property Hotspots Index, charting demand for property across each of Londonâ€â„¢s 280 tube stations. The research shows that on average, property demand across the tube network is at 35%, down -3% year on year.

Biggest Year on Year Changes

London’s inner zones fared worse over the last year, with demand down -20% in Zone 1, the largest drop across all zones, with demand also down -12% in Zone 2. However Zones 3 (+18%) and 4 (+8%) have both seen an increase in demand for property since this time last year, with Zone 3 also home to six of the top 10 stations enjoying the biggest growth in demand.

The impending arrival of Crossrail has had a positive influence on the areas of West London due to benefit from the project. Park Royal has seen the biggest increase in property demand across the tube network, up +113% compared to last year. Hanger Lane has also seen demand increase +73% since 2015, the third largest across all tube stops.

Hanger Lane lies less than three miles from both Acton Mainline and Ealing Broadway with Park Royal also situated just over a mile away from each. Improvements at both Acton Mainline and Ealing Broadway have already started ahead of Crossrail’s completion in 2017, however the positive knock on effect to the surrounding property market seems to have already begun.
 
Over the last six months alone, North Ealing has also seen one of the largest demand increases around the station, with demand up +33%, one of the largest across the network in this time frame (4th).

Golders Green has seen the second largest increase in property demand year on year up +86% and the largest increase over the last six months (+81%). A clear indicator that the area has recovered from a slump in demand felt during 2015, with the average price also up +7% in the last year.

Other than the Crossrail overlap, East London is home to the majority of stops that have enjoyed the biggest increase year on year, with Chigwell (+45%), Upton Park (+44%) and Upminster Bridge (+42%) all enjoying a strong uplift in demand.
There are also signs of positivity south of the river with demand in Colliers Wood up +57%.
 
Unfortunately for Zone 1, it plays host to all 10 of the year’s biggest fallers where demand is concerned and, the majority of tube stops in Zone 1 (87%), have seen demand drop over the year. Tower Hill (-59%), Tottenham Court Road (-58%) and Hyde Park Corner (-56%) make the top three as the worst of the bunch.


Hottest Tube Stops

As the migration of London buyers to the capital’s outer zones continues to build, Zones 5 and 6 are now home to the top 10 hottest tube stops where property demand is concerned. South Ruislip is currently the most in demand stop on the London Underground network, with demand at an impressive 75%.

That particular pocket of North West London is in high demand indeed, with South Ruislip joined in the top 10 hottest tube stops by nearby Eastcote (71%), Ruislip Manor (71%), Northwood Hills (67%), Ruislip (66%) and Rayners Lane (65%).

Again evidence of the desirability of Crossrail accessible property as, with the exception of Northwood Hills, all lie within a direct commute to an Acton tube stop via either the Central or Piccadilly lines. Not only this but Ruislip, Ruislip Manor, Eastcote and Rayners Lane are all located on the Metropolitan line and, with an average demand level of 47%, the Met line is by far the most in demand of all lines on the tube network when it comes to property.

As with the year’s highest climbers, East London features prominently in the top 10 hottest tube spots with Hornchurch (66%), Dagenham East and Dagenham Heathway (65%) all making the top 10.

Debden completes the top 10 as the only North London entry, with demand at 68%, it’s the 4th hottest spot on the tube network.
Coldest Tube Stop

Like the year’s biggest fallers, all of the current coldest tube stops for property demand are located in Zone 1, with Bond Street (7%), Tottenham Court Road (7%) and Hyde Park Corner (8%) the top three coldest spots on the underground at present.

Top 10 Hottest (Overall)

Rank

Station

Zone

Demand %

#1

South Ruislip

5

75%

#2

Eastcote

5

71%

#3

Ruislip Manor

6

71%

#4

Debden

6

68%

#5

Northwood Hills

6

67%

#6

Hornchurch

6

66%

#7

Ruislip

6

66%

#8

Dagenham East

5

65%

#9

Rayners Lane

5

65%

#10

Dagenham Heathway

5

65%

Russell Quirk, Founder and CEO of eMoov.co.uk, commented: “It’s evident that the forthcoming arrival of the Crossrail development is already having a notable impact on the areas due to benefit. As the primary mode of traversing the capital, the ongoing improvements in rail links are continuously changing the London property landscape, in terms of which areas are the most in demand amongst UK buyers.

It will be interesting to keep an eye on the parts of London due to benefit from Crossrail, particularly that pocket of Park Royal and Hanger Lane up to the Ruislip area. I expect homeowners already living here will see a significant value increase on their property over the next few years and those looking to sell, should certainly consider holding out until Crossrail is up and running at least.”

Top 10 Coldest (Overall)

Rank

Tube

Zone

Demand %

#1

Bond Street

1

7%

#2

Tottenham Court Road

1

7%

#3

Hyde Park Corner

1

8%

#4

Knightsbridge

1

8%

#5

Green Park

1

8%

#6

Oxford Circus

1

8%

#7

Piccadilly Circus

1

9%

#8

Marble Arch

1

9%

#9

Tower Hill

1

10%

#10

Regent’s Park

1

10%

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