An estate agent has claimed Waltham Forest has become a “property hotspot” following the introduction of Night Tube earlier this month.
London-based agent Portico has singled out Leyton and Walthamstow as two areas that could be set for a housing boom because of the launch of 24-hour weekend tube services.
House prices within half a mile of Night Tube stations are forecast to increase by five to 10 per cent above the general rate of growth in the nearby area.
Mark Lawrinson, Portico regional director, said: “Night Tube will appeal to young professionals who work and party in central London but can’t afford to buy in Zone 1 or 2.
“The new 24-hour service will mean they can push further out to more affordable areas, while still maintaining the lifestyle they want, and without spending a fortune on taxis.”
“When Crossrail plans were announced, there was a huge spike in demand from both tenants and homebuyers wanting to move into the chosen areas while prices were still affordable.
“We expect a similar rate of demand for areas on the Night Tube when the service is fully rolled out.”
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