Corby: The cheapest place to live within 100 miles of London

Corby is the cheapest place on a train line to live within 100 miles of London NNL-160714-171614001
Corby is the cheapest place on a train line to live within 100 miles of London NNL-160714-171614001

Corby is the cheapest place to live within 100 miles of London, according to new figures.

The statistics, which used Zoopla zed-index sold prices, looked at towns and cities in the overground rail network across the UK.

The map was compiled by eMoov online estate agents NNL-160714-171604001

The map was compiled by eMoov online estate agents NNL-160714-171604001

Corby was the cheapest place to live within 100 miles of the capital with an average house price of £163,000.

Wellingborough was the fifth cheapest place to live at £180,000, and Kettering was the tenth cheapest within 100 miles with an average price of £193,000.

Choosing to commute to London from Corby instead of Kettering would save £30,000 in mortgage costs.

Corby’s prices are kept low because of the unusually large amount of former local authority housing stock and a proliferation of building that has been lacking in most other parts of the country.

But it is becoming increasingly attractive to people looking to commute to the capital.

A railway station opened in February 2009 which means commuters can get to London in about an hour.

New housing schemes at Priors Hall, Little Stanion and Oakley Vale are being actively marketed to people who work in the capital but want a slower pace of life for their families.

The town centre has been completely overhauled. There is a new swimming pool and civic hub as well as a cinema and restaurants.

The map was compiled by online estate agent eMoov.com.

eMoov grouped each of London’s fourteen major terminals to determine the overall London average of £1,024,070, the highest across the nation.

Outside of the central London bubble, the average property price across all stations came nowhere close to the capital, just tipping £221,000.

At just £58,000, Treherbert in Wales offers the lowest property price point on the entire rail network.

Founder and CEO of eMoov.co.uk, Russell Quirk, commented: “Although it is essentially a bit of fun, it’s always interesting to see which pockets of the nation are outperforming the rest from a property point of view, as well as the big jumps between stations.

“The latest trend for homeowners in London has been to forsake the capital’s inflated property market for the commuter belt surrounding it. But when you look elsewhere in the country there are other examples of homeowners opting to live outside larger cities to save on the price of their property.”

You can look at the full map here