Member Article

Property prices at Piccadilly line's extremities set to jump following Night Tube launch

The impending launch of the Night Tube service on the Piccadilly line could push up prices at the lines extremities as far-flung neighbourhoods become a more enticing proposition for house buyers.

According to online estate agent eMoov.co.uk, properties in the likes of Hounslow, South Ealing and Osterley could all see an increase in property values and demand, as the benefits of a 24-hour weekend tube service are felt across the line.

Currently, upmarket areas across the line’s mid-section, such as Knightsbridge and South Kensington, remain some of the priciest areas in the capital, averaging around £3.2m and £2.7m respectively.

However, areas on the Piccadilly line’s outer reaches, such as Hounslow East (£365,139) and South Ealing (£386,857), remain some of the most affordable areas in London.

With the launch of the night service on Saturday, the line will join the Victoria, Central, Jubilee and Northern lines with a full weekend service, driving demand for properties along the line.

Chief Executive of eMoov, Russell Quirk, commented: “The Piccadilly line has some of the most expensive property in London and the UK, and it is no surprise that the demand is low in these areas.

“However, as with the majority of London, an exodus of buyers to the outer boroughs has seen demand in these peripheral areas increase. This is sure to see prices follow suit and the addition of a 24-hour tube line will no doubt help with this.”