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Town named as one of the most expensive commuter spots

 Published on: 19th February 2016   |   By: The Newsdesk   |   Category:

Radlett has been named as one of the worst commuter towns in terms of value for money in a new property report. Property group, CBRE, researched 74 commuter towns – with more than 10 per cent commuter population – and ranked them in terms of value for money. Radlett was ranked fifth most expensive commuter town, meaning it was 69th out of the 74 in terms of value for money. The survey took into account travel costs and travel time, average yearly mortgage repayments and average house prices. Average annual travel costs in Radlett came to £3,148, with a 35 minute journey time. Only slow trains run from Radlett into London unlike neighbouring St Albans where the journey time is a much lower 19 minutes, despite being further away. The average house price in Radlett came to £679,073 and combined annual mortgage and travel costs came to £32,128. Jennet Siebrits, head of residential research at CBRE, said: “While London maintains its wide-spread appeal and attracts an ever increasing population, the lure of the suburbs remains strong…many of these buyers are recognising the value opportunities in moving slightly further afield from these increasingly popular locations.” The worst commuter town for value for money was Beaconsfield, whilst the most affordable was Gillingham. What do you think of the report? Do you think Radlett is good value for money as a commuter town or is the report fair? Email your thoughts to anthony@mynewsmag.co.uk Picture courtesy of Len Kerswill

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