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Harefield Gazette - - NEWS -

HOUSE-HUNTERS in Lon­don could buy them­selves a home about half an hour from the city cen­tre on a salary of just £17,400.

In the cap­i­tal’s as­tro­nom­i­cally ex­pen­sive hous­ing mar­ket af­ford­able prop­er­ties are avail­able on the Cen­tral, Dis­trict and Metropoli­tan lines.

A new ver­sion of the tube map has re­vealed how much ex­actly how much you need to live near each un­der­ground sta­tion.

Shop as­sis­tants, nurses, chefs, teach­ers and bus drivers could bag them­selves a one bed home on stan­dard salaries in places like New­bury Park, Oak­wood and Crox­ley. But for prospec­tive buy­ers look­ing at Lon­don’s Zone 1 then dif­fer­ence in the re­quired salary is stag­ger­ing – you’ll need an an­nual pay packet of nearly £250,000 to buy in Knights­bridge.

The new tube map is the work of credit ex­perts To­tal­lyMoney and shows much Lon­don­ers must earn to af­ford a one-bed­room prop­erty across Lon­don Un­der­ground, Over­ground, and DLR sta­tions.

Re­searchers looked for the me­dian house price of one-bed­room prop­er­ties cur­rently avail­able within one kilo­me­tre of each sta­tion on the map.

They also as­sumed buy­ers would have a de­posit of 10 per cent and worked out the monthly re­pay­ments on a 25 year mort­gage.

Fi­nally, the ex­perts fac­tored in how much tax and na­tional in­sur­ance would be paid across all tax bands and reached the gross salary you needed to re­ceive to live by each tube sta­tion.

So, for ex­am­ple, to live in An­gel on the North­ern Line, you’d need to be paid a whop­ping £97,000 a year to buy a one-bed pad there.

But over in the Dis­trict Line’s Wanstead, prospec­tive one-bed buy­ers need a salary of £27,300.

Bot­tom (or top?) of the tube map prop­erty list is New­bury Park out on the Hain­ault Loop on the Cen­tral Line.

The sta­tion is in Zone 4, with a trip into cen­tral Lon­don tak­ing around 35 min­utes. A peak time adult oys­ter sin­gle fare to zone one is £3.90, or £2.80 off peak. A weekly trav­el­card is £49.

Lo­cated in the bor­ough of Red­bridge this is an area with a fast grow­ing and di­verse pop­u­la­tion. At the 2011 cen­sus, New­bury Park had a 60 per cent Asian or Bri­tish Asian pop­u­la­tion. Valen­tines Park has a man­sion, open spa­ces, lake, an­i­mal cor­ner and aviary. Fair­lop Wa­ters boasts an 18 hole gold course, driv­ing range and a lake for wind­surf­ing, sail­ing and an­gling.

A small home here could be yours if you’re paid at least £17, 400 a year - af­ford­able for many pub­lic ser­vice work­ers.

Only a cou­ple of stops away from New­bury Park on the Cen­tral Line is Red­bridge sta­tion, also in Zone 4.

Travel time and costs to the city cen­tre are sim­i­lar, with the sta­tion lo­cated in the East Lon­don bor­ough of the same name.

Good qual­ity schools, trans­port links and green spa­ces are cited as part of the area’s ap­peal.

Red­bridge sta­tion it­self is not far from the ex­pan­sive, green Wanstead flats that con­trib­utes to area been known as the ‘leafy bor­ough’.

The sec­ond most north­ernly stop on the Pic­cadilly Line is Oak­wood, about a 35 min­utes tube into the city cen­tre.

With the Zone 5 sta­tion only built in the 1930s, this part of the bor­ough of En­field is a rel­a­tively young north Lon­don sub­urb. Prop­er­ties in the area are mostly owner-oc­cu­pied, with a size­able pro­por­tion be­ing pri­vate rented.

This is also an­other green part of Lon­don with 10 parks or open spa­ces.

This is a more af­flu­ent part of En­field, but To­tal­lyMoney’s re­search shows a salary of £17,600 could get you a one bed prop­erty here – well in the reach of teach­ers, nurses and bus drivers.

A seven day tube trav­el­card from Oak­wood to Zone 1 costs £58.20.

Over in East Lon­don is Up­ney Sta­tion, where a salary of £22,300 will al­low you to buy a one bed prop­erty.

This Zone 4 stop on the Dis­trict Line can be reached from the city cen­tre in around 35-40 min­utes on the tube.

The sta­tion is in the Bark­ing area of the rel­a­tively small bor­ough of Bark­ing and Da­gen­ham. A seven day trav­el­card to zone 1 from here costs £49.

It’s a young bor­ough that his­tor­i­cally has had high un­em­ploy­ment, lower lev­els of qual­i­fi­ca­tions and lower life ex­pectancy.

But the Long­bridge ward area around Up­ney Sta­tion is on aver­age more wealthy, safer and di­verse than

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