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Rising House Prices Covering Cost of Commuting

An upsurge in property values in some of the UK’s most popular commuter towns is covering the cost of an annual rail pass in a matter of days, according to new research.

Stockport Commuter town investment

An upsurge in property values in some of the UK’s most popular commuter towns is covering the cost of an annual rail pass in a matter of days, according to new research.

Online listing site Zoopla compared the annual rate of property increases in key commuter towns against the cost of a season ticket for a rail commuter, finding that the cost of the commute could be covered in less than three weeks in the UK’s top 10 locations.


The Surrey town of Esher came top of the list, with the average property price rising by 9.25% over the course a year, meaning that a yearly ticket into London would be covered in just 8.1 days.


In the North of England, Stockport in Greater Manchester saw rail fares paid for in just 15 days, with property values rising by 8.46% over the course of 2016 – the highest performing location in the North.


Solihull was the highest performer in the Midlands and the second best in the UK, with the cost of annual train ticket to Birmingham covered in just 9 days, driven by property value growth of 8.98% last year.


The only town located outside of England to feature in the top 10 was Penarth in Wales. Located 2.77 miles from Cardiff city centre, the coastal town came third on the list, with the 5.52% increase in house prices ensuring an annual rail fare could be paid for in 12 days.


Commenting on the report, Lawrence Hall of Zoopla, said:


‘Rising rail fares will have been unwelcome news for commuters heading back to work this week, but our figures may at least soften the blow slightly for those already living in the suburban locations at the top end of the table.’


In addition to experiencing strong growth in commuter hotspots, earlier this week building society Halifax revealed that there had been annual growth of 6.5% in the three months to December, with the lender describing it as a ‘strong finish’ to 2016.