With a growing number of Londoners renting property outside the capital, where affordability is stretched, more buy-to-let landlords are now looking beyond the confines of London when investing in property, but what are the best commuter towns for those working in the city?
By ranking commuter towns based on average house prices, length of a train journey into the capital, cost of a season ticket, and the commuter town’s ONS lifestyle rating, TotallyMoney has identified Cheshunt in Hertfordshire as the number one town this year.
Located around 26 minutes away from the city centre, a season ticket here - which stands at £2,288 - is the fifth cheapest of the 116 towns analysed as part of this study.
For any buy-to-let investor thinking of buying property Chesthunt, the average price of a residential property here is currently £384,248.
According to TotallyMoney, the level of life satisfaction is ranked at 7.92, which is the same as Waltham Cross, also located in Hertfordshire, which ranked in second place.
Commuters in Waltham Cross can expect to pay £2,028 for a season ticket, and travel for around 28 minutes.
But property prices here are slightly more expensive at an average of £390,612.
High Wycombe, Buckinghamshire, ranks in third place.
The average journey time into London is 30 minutes from High Wycombe, while the average property price is £331,092.
Hatfield in Hertfordshire, Gravesend in Kent, and Broxbourne in Hertfordshire also feature in the top 10 commuter towns, along with Watford Junction, Hertfordshire, Basingstoke and Overton in Hampshire, and Hemel Hempstead in Hertfordshire.
Rank
|
Town
|
County
|
Journey Time to London
|
House Price
|
Season Ticket
|
Satisfaction
|
1
|
Cheshunt
|
Hertfordshire
|
26
|
£384,248
|
£2,288
|
7.92
|
2
|
Waltham Cross
|
Hertfordshire
|
28
|
£390,612
|
£2,028
|
7.92
|
3
|
High Wycombe
|
Buckinghamshire
|
30
|
£331,092
|
£3,668
|
7.95
|
4
|
Hatfield
|
Hertfordshire
|
25
|
£344,459
|
£2,808
|
7.83
|
5
|
Gravesend
|
Kent
|
23
|
£284,497
|
£3,616
|
7.76
|
6
|
Broxbourne
|
Hertfordshire
|
32
|
£408,915
|
£2,848
|
7.92
|
7
|
Watford Junction
|
Hertfordshire
|
19
|
£416,680
|
£3,204
|
7.76
|
8
|
Basingstoke
|
Hampshire
|
44
|
£320,082
|
£4,604
|
8.09
|
9
|
Overton
|
Hampshire
|
55
|
£215,395
|
£4,740
|
8.09
|
10
|
Hemel Hempstead
|
Hertfordshire
|
26
|
£361,817
|
£3,832
|
7.79
|
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