Chatham cheapest commuter town

Tuesday, 10 October 2006 12:00

Chatham in Kent is the best value place for London commuters to live, new figures reveal.

The study, by Haart estate agents, looked at the cost of property, the time it takes to commute to a major London station, and the cost of this commute.

And, Chatham - with a 40-minute journey to London Victoria and average house prices of £144,100 - worked out cheaper than any of the other 20 commuter towns surveyed.

"With property prices continuing to rise in the city, London workers who are finding it difficult to get on the property ladder, or simply want to get more for their money, are moving out into the commuter belt," said Russell Jervis of Haart estate agents.

"However, commuting costs and time spent to get to work are both vital factors to consider when purchasing a house.

"Buyers need to weigh up these factors when choosing a location.

"This model identifies the most affordable areas in and around London with a 'commuter cost weighting' to help potential buyers make their decision."

Haart's study looked at locations between 20 minutes and an hour from central London - then factored in average property prices and the time and costs of travel.

Slough, Stevenage, Redhill and Surbiton were placed in the top five with Chatham as the best value commuter towns, combining relatively affordable properties with reasonably low travel costs and times.

Best value commuter locations

Town London station Time to commute Average house price
Chatham Victoria 40 mins £144,100
Slough Paddington 30 mins £211,400
Stevenage King's Cross 40 mins £180,300
Redhill Victoria 30 mins £250,000
Surbiton Waterloo 22 mins £288,600
Basingstoke Waterloo 40 mins £200,000
Chelmsford Liverpool St 40 mins £217,900
Welwyn Garden City King's Cross 30 mins £301,400
Romford Liverpool St 30 mins £229,100
Britghton Victoria 60 mins £167,800
Colchester Liverpool St 60 mins £150,200
Tunbridge Wells Charring Cross 50 mins £250,000
Swindon Paddington 50 mins £156,000
Ipswich Liverpool St 60 mins £147,100
Reading Paddington 40 mins £286,500
Guildford Waterloo 40 mins £325,900
Oxford Paddington 60 mins £217,000
Haywards Heath Victoria 50 mins £289,500
Cambridge King's Cross 60 mins £242,400
Sevenoaks Charring Cross 30 mins £388,000

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