The Nationwide Building Society has calculated that London homebuyers are paying a premium to live close to an underground or train station.
It claims there is a £20,000 premium for property 500 metres from the nearest station, compared with a similar property 1,500 metres from a station.
Martin Gahbauer, Nationwide’s chief economist, said: “London has an extensive network of underground and surface rail lines which form an important part of the city’s infrastructure. 34% of Londoners usually use either National Rail or London Underground services to travel to work
