'House price saves' by commuters

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Commuters who spend an hour-long train journey into London are saving around £380,000 on their average house price compared with the cost of living in the heart of the capital, research has found.

Lloyds Bank said that homes within a selection of commuter belt areas which are about a 60 minute commute by train, including Crawley, Windsor, Brighton, Rochester, Peterborough and Oxford, typically cost £260,000, which is £381,000 lower than the average price tag for a property within zones one and two in London, at £641,000.