"In the posh Essex town of Shenfield, you're looking at around £427,000 for an average three-bed home and £4,008 for a year-round season ticket. That would save around 45 percent compared to what you might spend in Zone 2. It's a 51-minute journey on the Lizzie line to Bond street or a 23-minute journey to Liverpool Street on mainline services."
"It looked at the average price of properties within five kilometres of a railway station and season ticket costs in 350 different locations and compared that total to the average cost of owning a property in Zone 2. It also looked at the Index of Multiple Deprivation - which looks at things like crime rates, employment and education - to filter 'locations in the least deprived 20 percent in their wider region'."
A household would need to earn at least £110,000 a year to have any chance of buying an average house in London's Zone 1 or 2. Many people move to commuter towns to reduce housing costs while keeping access to London. Savills compared average property prices within five kilometres of a station and season ticket costs across 350 locations, then compared totals with Zone 2 ownership costs. The Index of Multiple Deprivation filtered for areas in the least deprived 20 percent of their region. Three towns emerged as best value within around 30 minutes of London, including Shenfield and Twyford, each offering roughly 45 percent savings.
Read at Time Out London
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