Why Harlow property is attractive to London house buyers
Howick and Brooker / Tue 15th Oct 2019 at 10:02am
WITH the average cost of a detached house in the capital rising £172,472 in the past five years, buyers are frequently looking to other areas in search of better value for money reports propertyreporter.
The latest analysis of this situation by modular housing project, Etopia Corby, has revealed that house hunters escaping the capital are saving more than £14,000 for every mile they trave.
The research found that those looking for the quickest savings need look no further than Slough, Berkshire, where buyers save £65,606 per mile on average for a detached house. It is the most drastic saving available in any of London’s commuter locations. Not far behind are Essex towns Basildon and Harlow, where buyers could save £54,125 and £32,695 per mile respectively.
Etopia Corby looked at the distance between London and 47 locations within striking distance of the capital and compared the cost of detached homes to those in Greater London.
Joseph Daniels, CEO of Project Etopia, commented: “London is notoriously expensive and many people cut and run from the capital in search of better value for money. Affordability is the most pressing issue of the day, and this is particularly true in and around London.
However, our research shows that even moving to towns close to London can pay huge dividends, with the most impressive savings available in Slough, just a stone’s throw from the M25.”