Overview

• Properties about 500 metres from a station cost more than similar homes 1,500 metres away, with typical premiums of £42,700 in London (8%), £10,900 in Greater Manchester (4.9%) and £8,800 in Glasgow (4.6%).
• Nationwide reports smaller proximity premiums than in 2021, with London down from 9.7% to 8%, Manchester from 6.1% to 4.9% and Glasgow from 7.2% to 4.6%.
• The study analysed sales over the 12 months to June and paired transactional data with a Censuswide survey of 1,000 residents in each city conducted in August and September.
• Transport access remains a priority for buyers, with over 80% of Londoners and about 60% in Manchester and Glasgow calling it important, and weekly usage highest in London at nearly 60%.
• Line-by-line London averages vary widely, from about £729,000 near the Circle line to £401,000 near the Elizabeth line, underscoring neighbourhood and network differences.