Overview

• In London, properties about 500 metres from a station sell for roughly 8% more, equating to a £42,700 premium over similar homes 1,500 metres away.
• Greater Manchester shows an average premium of £10,900 (4.9%), while Glasgow records an £8,800 uplift (4.6%) for comparable proximity.
• Premiums have eased since 2021, slipping from 9.7% to 8.0% in London, 6.1% to 4.9% in Manchester and 7.2% to 4.6% in Glasgow.
• Survey data indicate strong preference for access to stations, with over 80% of Londoners and around 60% in Manchester and Glasgow rating proximity as important, and an average willingness to pay 8% more for good links.
• Reported usage patterns differ by city, with nearly 60% of Londoners using rail or Tube more than once a week compared with 37% in Glasgow and 35% in Manchester.