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London tube stations provide welcome boost to nearby property values

According to recent research by CBRE, properties within a 500m radius - or a five to seven minute walk - of a London Underground station have grown in value by nearly 10% every year since 2009. The report revealed that annual growth in these areas is well above the 6.9% average rise seen across the wider boroughs that stations sit in.

The study suggests that the introduction of the congestion charge in 2003 has made commuters even more reliant on tube services, a reality that led to a 10% decrease in traffic volume on the roads than in the decade before the charge was implemented.

For commuters keen to live in these sought-after hotspots, Crest Nicholson’s Totteridge Place development offers the chance to live in a vibrant community a stone’s throw away from the Northern Line. Situated just 450m from Totteridge & Whetstone Underground station in Zone 4 and only a six minute walk away, residents can reach London King’s Cross station in 25 minutes.

Just a handful of homes remain at Totteridge Place, all of which are ready to move into now. Prices for the two bedroom apartments start from £589,950 and prices for the four bedroom townhouses start at £999,950. The government-backed Help to Buy: Equity Loan Scheme is also available on selected properties.

To find out more about the properties at Totteridge Place, please call Crest Nicholson at 0203 437 1464 or visit www.crestnicholson.com/totteridgeplace.

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