Letting the train take price strain
RAIL commuters to London are benefiting from house prices that are 60 per cent lower by catching the train rather than living close to their place of work, according to research by Halifax.
House prices an hour outside of London are on average £375,000 (60 per cent) lower than in the centre of the city. The average house price in Leeds is £165,100, but prices in commuter towns 15 minutes away, such as Wakefield and Dewsbury, are on average £16,000 lower.
Prices in some towns that are 30 minutes away from Leeds, such as Selby and Huddersfield, have a smaller price discount, averaging £5,000 below those in Leeds. Commuters say quality of life and better schools also affect their decision to travel.