These are the Night Tube stations with the highest rental yields

 
Francesca Washtell
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Living outside of central London has never been more appealing if you live on a Night Tube line (Source: Getty)

The Night Tube – which finally arrived earlier this month – will drive up property prices in London's outer areas, according to estate agent Portico.

Zones 3, 4, and 5, are expected to do well from the all night underground service, with the highest rental yields on the network are concentrated in the outer zones.

Rental yield is calculated as the rate of income return over the cost associated with an investment property.

Read more: 15 Night Tube stations where house prices will rise most

Yields and property values are expected to rise as the Night Tube makes living outside of central London more accessible, luring young professionals to migrate to the outer zones where they can now maintain more exuberant lifestyles.

In terms of hikes in property prices, Portico predicted Leyton (Zone 3), High Barnet (Zone 5), Walthamstow (Zone 3), Cockfosters (Zone 5) and Tottenham Hale (Zone 3) will be the ones to watch as the Night Tube expands to encompass other branches including the Northern Line.

Hounslow West, close to Heathrow in Zone 4, has the highest current rental yield on the Night Tube network at 5.3 per cent, while fellow Zone 4 location Hainault comes in at a close second with 5.2 per cent.

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Stratford in Zone 3 has a rental yield of five per cent, while Tottenham Hale and Stanmore – also both in Zone 3 – will make yields for investors of 4.8 per cent.

"Most Londoners will have considered Zones 4 onwards out of reach, but the Night Tube has opened up new possibilities. We expect areas at the end of the lines to see the biggest property price rises," said Mark Lawrinson, regional director at Portico.

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