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

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Surbiton.com: January 13, 2016 - 5:00am

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.

http://www.surreycomet.co.uk/news/kingston/14198635.Pay_off_your_annual_season_t...

Surrey Comet | Kingston

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