Thursday 4 October 2018 4:09 pm

Someone's redesigned London's Tube map to show what salary you need to afford a flat at any station

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Have you ever wondered how much you’d need to earn to buy a flat in London?

Then fear not – Totally Money has redrawn London’s Tube map to help you on your way – or entirely crush your home owning dreams, more likely.

Read more: Millennial home ownership slides as affordability crisis worsens

Even if prices in the capital are waning, they’re still far more than the average first-time buyer can afford.

Assuming a 10 per cent deposit, a 25-year mortgage, and 40 per cent of earnings going on repayments each month, the credit comparison firm has listed how much it would cost to live in a one-bedroom flat within 1km of each Tube stop.

A flat in Covent Garden would require a £140,800 salary, while prestigious Knightsbridge tops the list with a £248,600 salary requirement, followed closely by Hyde Park Corner at £230,000.

Down the other end of the scale, you’d only need a wage of £17,400 to afford a room of your own in Newbury Park, or £27,300 to live in green, suburban Wanstead.

Here are the 10 most expensive places in London to live.

Station

Salary Required

 
 

Moorgate

£158,700

 

Cannon Street

£162,300

 

Bank

£165,300

 

Bank

£165,500

 

Blackfriars

£168,000

 

St. Paul’s

£170,900

 

Bond Street

£173,400

 

Mansion House

£176,100

 

Hyde Park Corner

£230,000

 

Knightsbridge

£248,600

Read more: House prices are falling on each one of London's top 10 priciest streets

And here are the 10 cheapest.

Station

Salary Required

 
 

Newbury Park

£17,400

 

Redbridge

£17,400

 

Oakwood

£17,600

 

Upney

£22,300

 

Croxley

£25,500

 

Chigwell

£26,400

 

Hornchurch

£26,400

 

Wanstead

£27,300

 

Dagenham East

£27,300

 

Dagenham Heathway

£28,000

But take a look at the map below (or via this link) and discover how much you need to earn in any area of London to afford your own one bed flat.

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