London Overground

How has the London Overground affected property prices over 10 years?

In November, the London Overground network celebrated its 10th anniversary. Implemented to provide better connections between areas outside central London, it takes in over 100 stations and has operated more than one billion journeys since its inception.

A decade on and those living along the line between New Cross Gate and Dalston are set to see the introduction of a 24-hour service. Operating on Friday and Saturday nights, it will mean enhanced connectivity for those working through the night or enjoying the capital’s nightlife. Next year, the service will be extended to run between New Cross Gate and Highbury & Islington. We found that average values around stations with a night service had shown average house price growth of 5.9 per cent compared to all other tube stations at 3.8 per cent and the Greater London average at the time of 4.5 per cent. 

So what effect has the London Overground had on property prices to date and which stations have had the greatest impact? Our latest research reveals the top 10 stations in terms of both average house prices today and the 10-year change, as well as the top 10 most affordable stations. We have also explored the average house price and 10-year change for each line on the network.

Source: Savills Research using Land Registry

Three stations along the original North London line take the top spots for highest average house prices, according to the Land Registry. In the 12 months to July 2017, Brondesbury came out on top where homes sold for an average of £1,666,873, followed by Hampstead Heath and Finchley Road & Frognal. In total, nine of the top 10 were opened when the Overground originally launched in 2007 while eight have average sold prices of over £1m.

Source: Savills Research using Land Registry

Meanwhile in terms of 10-year house price growth, eight of the top 10 opened in 2007 and all have seen values more than double over the period. Euston sits at the top of the table where house prices have increased by 168.5 per cent. Finchley Road & Frognal comes in second and Camden Road takes the third spot at 151.2 per cent and 146.2 per cent respectively.

Source: Savills Research using Land Registry

The 10 most affordable stations tend to be those located in outer London, which have been added to the network more recently and have the potential for future growth with enhanced connectivity. White Hart Lane, Romford and Barking represent the three most affordable locations on the London Overground network with average prices all sitting at under £275,000.

Source: Savills Research using Land Registry

Nine lines make up the London Overground network. The original West London line has nearby property with the highest value and is also the only to have an average sale price of over £1m. The line to have experienced the highest level of house price growth over the past decade is the original Lea Valley line.


Further information

Visit Savills Residential Research


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