The Night Tube will very likely drive up property prices in Zones 3, 4 and 5, whilst the highest rental yields on the line can already be found in the outer zones
Hounslow West, in Zone 4 near Heathrow, currently offers the highest rental yield on the Night Tube line at 5.3%, while fellow Zone 4 location Hainault is just behind with a yield of 5.2%.
Up-and-coming Stratford in Zone 3 has a rental yield of 5%, while Zone 3 Tottenham Hale and Stanmore are achieving healthy 4.8% yields.
Most Londoners will have considered Zones 4 onwards out of reach, but the Night Tube has opened up new possibilities.
The agents predict that both rent yields and house prices will increase as a result of the Night Tube, and that areas at the end of the lines will see the biggest property price rises, such as Cockfosters, High Barnet and Walthamstow.
Mark Lawrinson, Regional Director, Portico Estate Agents, says: “The Night Tube will appeal to young professionals who work and party in central London but can’t afford to buy in Zone 1 or 2. The new 24-hour service will mean they can push further out to more affordable areas, while still maintaining the lifestyle they want, and without spending a fortune on taxis!”