Pay off your annual season ticket in 11 days - if you can afford a home in Surbiton

Surbiton commuters can pay off the cost of their annual rail season tickets in just 11 days if they own a home in the town, according to a property website.

But a rise of nearly £160 per day on the district's property prices is bad news for those who "desperately want to buy" in the area, estate agents added.

House prices are rising so quickly that some in the commuter belt can make back the cost of an annual rail season ticket in a matter of days, and Surbiton is top of the list, according to Zoopla. A year's travel costs some £1,800.

However, while Surbitonians who commute into Waterloo will be thrilled at the news, first-time buyers and young families must make ever more strenuous efforts to get onto the property ladder. Nearby Esher saw a rise of £114.03 in property value per day in 2015, while the worth of a Leatherhead jumped by £95.66 per day, Zoopla said. Michelle Hutchings, an estate agent from Berrylands Residential, believes people who own property in Surbiton can wait to sell because they know the mark-up will be so large. That means even if first-time buyers can afford a home in the area, they will likely have few options due to lack of supply.

Since prices have risen the situation has been tough even for estate agents, she added. Renters also suffer as the increase in prices is mirrored in a rise in rent.

Comments

Post new comment

  • Web page addresses and email addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <p>
  • Lines and paragraphs break automatically.
  • Filtered words will be replaced with the filtered version of the word.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

By posting content on Surbiton.com, you agree to adhere to the following guidelines.

  • Your username and password must only be used by you, keep them safe. If a posting is made using your username and password it will be considered to have been posted by you. If you have a friend who wants to use our site and post messages on the site, show them how to register.
  • Be courteous at all times, inciting racial hatred, posting abusive, obscene, threatening, harassing, defamatory, libellous or sexually explicit material or any material that is found to be offensive is not acceptable and we may suspend your username and password.
  • Retaliating to offensive posts causes more problems for other users on the discussion boards. Just report such messages to us using the Feedback link which is available at the top of every page or the 'report this' link associated with individual postings. We will act on every report we receive.
  • Please respect other people's work and do not post material that infringes copyright.
  • Do not post information that you know to be confidential or sensitive or otherwise in breach of the law. You should only post material that you know to be public knowledge. If you have any doubts do not post it on the site.
  • Never attempt to gain unauthorised access to any area of the site. This is known as hacking and is illegal.
  • Content posted represents the opinions of the author, and does not represent the opinions of Surbiton.com or its affiliates and has not been approved or issued by Surbiton.com. You should be aware that the other participants are strangers to you and may make statements which may be misleading, deceptive or wrong.
  • Spoofing or posing as another user is unacceptable. Anonymous users' postings should always be considered with suspicion.
  • Help keep Surbiton.com a safe place for information and opinion. Please alert us of any anti-social behaviour as described above.
Please note that Surbiton.com does not monitor the comments posted and we are therefore reliant upon users reporting antisocial behaviour.