{"id":554,"date":"2025-04-12T14:13:09","date_gmt":"2025-04-12T14:13:09","guid":{"rendered":"http:\/\/www.merlinscove.com\/?p=554"},"modified":"2025-04-13T08:04:34","modified_gmt":"2025-04-13T08:04:34","slug":"this-useless-tube-line-is-home-to-londons-most-expensive-mortgages","status":"publish","type":"post","link":"http:\/\/www.merlinscove.com\/index.php\/2025\/04\/12\/this-useless-tube-line-is-home-to-londons-most-expensive-mortgages\/","title":{"rendered":"This \u2018useless\u2019 tube line is home to London\u2019s most expensive mortgages"},"content":{"rendered":"
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\n\t\t\"DLR\t<\/div>
The tube line with the most expensive mortgages has been named (Picture: Getty Images)<\/figcaption><\/figure>\n

Ever wondered just how much your fellow commuters are paying for their monthly mortgages<\/a>? A study has identified the London<\/a> tube<\/a> lines with the most expensive monthly payments.<\/p>\n

As ever, it\u2019s mind the mortgage<\/a> gap as the Waterloo and City line<\/strong> has been named the most expensive for homeowners <\/a>on the underground network with an average payment of \u00a35,632 per month.<\/p>\n

It\u2019s little surprise considering that this line \u2013 colloquially known as \u2018The Drain\u2019 \u2013 has just two stops on it: Waterloo and Bank. Both are in zone 1, and the journey between them typically takes around four minutes, a fact which has seen disgruntled Redditors<\/a> give it the title of \u2018useless.\u2019<\/p>\n

So, if there are only two stations, why was it built? In the late 1800s, a survey found that 12,000 per day needed to get from Waterloo to the City (and back home again, as many commuted in from Surrey and the surrounding home counties).<\/p>\n

\n
\n\t\t\"Waterloo\t<\/div>
The Waterloo and City line first opened in 1898 (Picture: Getty Images)<\/figcaption><\/figure>\n

And so, in 1894 work began on this short but sweet tube line \u2013 and it received its royal opening by Prince George, the Duke of Cambridge, in 1898.<\/p>\n

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\n\t\t\t\tReady to start your homebuying journey?\t\t\t<\/h2>\n
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You can access completely fee-free mortgage advice with London & Country (L&C) Mortgages, a partner of Metro. Customers benefit from:<\/p>\n

\u2013 Award winning service from the UK\u2019s leading mortgage broker<\/p>\n

\u2013 Expert advisors on hand 7 days a week<\/p>\n

\u2013 Access to 1000s of mortgage deals from across the market<\/p>\n

Unlike many mortgage brokers, L&C won’t charge you a fee for their advice.<\/p>\n

Find out how much you could borrow online<\/a><\/p>\n

Mortgage service provided by London & Country Mortgages (L&C), which is authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage.<\/em><\/p>\n<\/p><\/div>\n<\/p><\/div>\n

History aside, data from Foxtons shows that in Waterloo, the average property price is \u00a3925,714 \u2013 and some even shoot up to \u00a32,350,000. And so, it’s little surprise that this line is so dear in the mortgage world.<\/p>\n

It\u2019s not much better in Bank, the financial heart of the city, where properties typically cost \u00a3825,000<\/a> \u2013 a whopping \u00a3527,834 over the value of the average UK home, projected at \u00a3297,166 according to Halifax\u2019s House Price Index.<\/p>\n

\n
\n\t\t\"Hand\t<\/div>
The Victoria line came in third place (Picture: Getty Images)<\/figcaption><\/figure>\n

In second place comes the Circle line with costs of \u00a35,323 per month, while despite its arguably excessive heat and ear-shattering noise, the Victoria line came in third at \u00a34,027, featuring stations from Walthamstow Central to Highbury and Islington and Pimlico.<\/p>\n

It\u2019s slightly better news for commuters on the Northern and District lines, with average repayments of \u00a33,894 and \u00a33,891, respectively, according to mortgage advisor Alexander Hall\u2019s data.<\/p>\n

However, the District line topped the table for having the largest mortgage market gap between the most and least affordable stations with a difference of \u00a38,248 per month between High Street Kensington (\u00a39,890) and Upney (\u00a31,642).<\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t{“@context”:”https:\/\/schema.org”,”@type”:”VideoObject”,”name”:”Metro.co.uk”,”duration”:”T3M8S”,”thumbnailUrl”:”https:\/\/i.dailymail.co.uk\/1s\/2025\/01\/07\/14\/93827137-0-image-m-29_1736258816742.jpg”,”uploadDate”:”2025-01-07T14:03:03+0000″,”description”:”After moving to the capital in 2017, Tom Rees set out to visit every tube station. Armed with a GoPro he’s documented the ‘good, the bad, and the ugly’ and built a detailed mental map of London.”,”contentUrl”:”https:\/\/videos.metro.co.uk\/video\/met\/2025\/01\/07\/6183331146989550862\/480x270_MP4_6183331146989550862.mp4″,”height”:480,”width”:270}<\/p>\n

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It\u2019s good news for Elizabeth line fans, as here you\u2019ll find the cheapest average mortgages at \u00a32,610.<\/p>\n<p>\u2018London property values have been holding steady over the past year and we know the capital remains home to the strongest housing market with respect to the price commanded for bricks and mortar,\u2019 Stephanie Daley, director of partnerships at Alexander Hall details.<\/p>\n<p>\u2018This is particularly evident when looking at the average monthly mortgage payment required, with this cost hitting almost \u00a310,000 across the most prestigious pockets of the London property market.<\/p>\n<figure class=\"img-container shareable-item wp-caption\">\n<div class=\"img-wrap\">\n\t\t<img decoding=\"async\" width=\"646\" height=\"431\" src=\"http:\/\/www.merlinscove.com\/wp-content\/uploads\/2025\/04\/GettyImages-517425185.jpg\" class=\"article-image wp-image-22329732\" alt=\"Bank Underground (tube) Station\" loading=\"lazy\" \/>\t<\/div><figcaption>The Elizabeth line was named the most affordable for mortgages (Picture: Getty Images)<\/figcaption><\/figure>\n<p>\u2018However, one weapon in the arsenal of London homebuyers is the capital\u2019s outstanding transport links and the London Underground, in particular.<\/p>\n<p>\u2018As our research shows, you can dramatically reduce the cost of your mortgage by looking further along the tube line that runs through your ideal destination.<\/p>\n<p>\u2018While you may not want to adjust your expectations from High Street Kensington to Barking, you may well find that even a stop or two can help to cut the cost required to climb the London ladder.\u2019<\/p>\n<p><em>This article was originally published on January 10, 2025.<\/em><\/p>\n<p class=\"\"><strong>Do you have a story to share?<\/strong><\/p>\n<p class=\"\"><strong>Get in touch by emailing <a href=\"mailto:MetroLifestyleTeam@Metro.co.uk\">MetroLifestyleTeam@Metro.co.uk<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tube line with the most expensive mortgages has been named (Picture: Getty Images) Ever wondered just how much your fellow commuters are paying for […]<\/p>\n","protected":false},"author":1,"featured_media":556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property"],"_links":{"self":[{"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/posts\/554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/comments?post=554"}],"version-history":[{"count":3,"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/posts\/554\/revisions"}],"predecessor-version":[{"id":561,"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/posts\/554\/revisions\/561"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/media\/556"}],"wp:attachment":[{"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/media?parent=554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/categories?post=554"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.merlinscove.com\/index.php\/wp-json\/wp\/v2\/tags?post=554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}