Londoners pay £27,000 premium to live near the tube

Katie Collins/PA Wire

Londoners face sky-high house prices to live close to a station, a new report has revealed.

A special report conducted as part of Nationwide's house price index has found home buyers face a £27,000 premium to purchase a house less than 500 metres from a station, compared with a similar property 1,500 metres from a station.