Every minute on Tube sees house prices rise £96,674

We all know that the closer you get to central London, the higher the property prices.
But recent research by Wetherell, a Mayfair estate agency, highlights the precipitousness of the “price cliffs”.
For every minute you spend on the three Underground stops between Earls Court and Sloane Square, property prices rise by £96,647. 
Travel the three stops from Southwark to Green Park and prices increase by £152,640 for every minute of the journey. Or take the train from Vauxhall to Green Park – a seven-minute hop – and the average property will cost an additional £229,286 at every stop.
“You can see the price plateau of the prime central London areas and the ‘fiscal cliff’ as prices drop away. It’s particularly striking just east of the Northern Line’s Charing Cross braTynch where values to the west average more than £1m, but to the east can be half that amount,” says Wetherell’s managing director, Peter Wetherell.
 He has worked with Dataloft property consultancy to produce the first London Underground property map based on sales and rental values of two-bedroom flats within a quarter of a mile of the 63 Tube stations in zone 1.
“It shouts at international investors that if they are looking for prime that they should be north of the Thames and stay within zone 1. I think Mayfair looks particularly good value,” says Wetherell. “It also makes these other Tube locations great value. The ‘price hike per minute’ figures show people that you can buy comparative value in the cheaper priced areas but still enjoy the urban lifestyle and look forward to price growth and gentrification of their neighbouring area.”