Commuter belt house prices increase by more than £3,000 for every minute closer to London by train they are, according to new research.
Analysis by estate agency Savills found the average inner London house price is £606,000.
Commuter locations within half-an-hour's train ride of London have average house prices of £458,000. And, further out, the average price of houses with journey times of between one hour and 69 minutes is £337,000.
“Of course, any house price savings must be set against the cost of commuting,” said Sophie Chick, associate director of residential research at Savills, pointing out travel season tickets can cost up to £10,000.
“Despite this, savings on house prices will more often than not outweigh the travel costs.”
Savills also found an increase in the number of households moving away from the capital.
Some 30 per cent of sales in the first quarter of 2016 were found to be made by those moving from London to the commuter belt, up from 23 per cent in the same period in 2015.
For the research, Savills looked at Land Registry sales from 2015 around more than 300 stations on direct commuter lines into London.