03 June 2016
It’s not often we find a map that reflects directly on the work we do at Icon, but we think we may just have found one with the London Underground Rent Map. Online publisher Thrillist joined forces with London-based property website Find Properly to create a map of the London underground showing the average rental prices for a one-bedroom flat within a kilometre of each underground station. The Map highlights the tremendous disparity in prices across London and even within the same zones, highlighting especially the huge premium paid for property in the more central areas. According to the Map the top five expensive tube stops to live near are: Hyde Park Corner - £2,920 Knightsbridge - £2,832 Green Park - £2,384 Bond Street - £2,276 Oxford Circus - £2,260 While the five cheapest Tube stops are: Hatton Cross - £324 Redbridge - £488 South Ruislip - £552 Ruislip Gardens - £552 Elm Park - £552 As you can see the difference in prices is remarkable, Hatton Cross – close to Heathrow on the fringes of south-west London – is nearly thirty times’ cheaper than Hyde Park Corner, right in the centre of the West End. To see a larger version of the map then please click here but note that the Circle Line is missing – as most stops are covered by other lines - and the rental prices quoted are based on a four-weekly cost. To be honest the Map is not dissimilar to our own London Rental Heat Maps, by which we record price fluctuations in 1-, 2-, 3-, 4- and 5-bedroom properties as well as track the different Council Tax bands, all of which can be found via our Online Area Guide section - for more information on the Heat Maps and to register for access to the Guide then please click here.