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GloomMonger

Will 24 Hour London Tube Affect House Prices?

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I live in distant earshot of the tube and if I'm awake I can just about hear the last at 01:00 am and the first at 5:20 am. If I owned a house close enough that the walls vibrate every few minutes, all night, I would not be happy. Could this push house prices down or will people see the convenience of a 24 hour tube service as a reason to add a few percent to the asking price?

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I live in distant earshot of the tube and if I'm awake I can just about hear the last at 01:00 am and the first at 5:20 am. If I owned a house close enough that the walls vibrate every few minutes, all night, I would not be happy. Could this push house prices down or will people see the convenience of a 24 hour tube service as a reason to add a few percent to the asking price?

How about looking at the introduction in other cities. Has Nyc one always been 24 hrs ?

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I live in distant earshot of the tube and if I'm awake I can just about hear the last at 01:00 am and the first at 5:20 am. If I owned a house close enough that the walls vibrate every few minutes, all night, I would not be happy. Could this push house prices down or will people see the convenience of a 24 hour tube service as a reason to add a few percent to the asking price?

It is only on some line or parts of lines and only at the weekends.

I suspect it will push up HPs.

The side effect will probably be fewer night buses in those area on Fri/Saturday nights so a more 7 day night bus time table with fewer extra services on Friday/Saturday.

Won't be so good for minicab or taxi drivers.

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The thing I never understand about this kind of argument is that presumably there is only so much money people are able to put towards buying houses, so if one area becomes relatively more desirable and people are willing to spend more to live there then surely other areas which are now relatively less desirable should experience a drop in prices as demand shifts away from them.

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How about looking at the introduction in other cities. Has Nyc one always been 24 hrs ?

Not sure they can be compared. 55 percent of the tube is above ground** and so will pass close to thousands of properties, plus those properties where the tube is close to the surface.

**Edit to add, it is only 5 lines staying open.

Edited by GloomMonger

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There will be less desire to buy those houses directly next to a tube line. However if there is a big enough price discrepancy, then do doubt BTL will step in, as there will be "only tenants" in there.

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I live in distant earshot of the tube and if I'm awake I can just about hear the last at 01:00 am and the first at 5:20 am. If I owned a house close enough that the walls vibrate every few minutes, all night, I would not be happy. Could this push house prices down or will people see the convenience of a 24 hour tube service as a reason to add a few percent to the asking price?

I'm similar distance away from an overground section of tube line which is earmarked to become 24 hrs on Friday/Saturday. In my teens/twenties/thirties would have loved this situation but a bit old now to benefit ( can't booze after 10pm these days !) . My kids will have the benefit and my only concern is how safe it will be.

Re : Hse prices - not sure it will be have an effect either way as being close to the tube is factored in the cost of purchase/ rental costs already.

Edited by chicker

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I lived near a rail line and found the noise no problem whatsoever and I am a light sleeper. I wouldv'e happily taken 24 hr trains. The benefits of not having to rush for the last trains from the pub would be fantastic and I'd take that over any downsides (though there would be no downsides as far as I'm concerned). Avoiding night buses and cabs would be a big benefit. I can possibly see some people having mis-placed worry about living right next to 24 hour lines but in areas a bit further away it would be a big boost.

I think most heavily used lines have trains running overnight anyway - freight and maintenance like the de-icing trains. The tube is probably the same with maintenance going back and forth.

Buses and busy roads are much noiser.

Edited by sf-02

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I lived near a rail line and found the noise no problem whatsoever and I am a light sleeper. I wouldv'e happily taken 24 hr trains. The benefits of not having to rush for the last trains from the pub would be fantastic and I'd take that over any downsides (though there would be no downsides as far as I'm concerned). Avoiding night buses and cabs would be a big benefit. I can possibly see some people having mis-placed worry about living right next to 24 hour lines but in areas a bit further away it would be a big boost.

I think most heavily used lines have trains running overnight anyway - freight and maintenance like the de-icing trains. The tube is probably the same with maintenance going back and forth.

Buses and busy roads are much noiser.

Definitely roads are more of a noise problem but personally in the summer the air traffic can be a pain even though i'm not close to any particular airport.

I know of a few properties where the underground is very audible at night and unaware guests are often kept awake .

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