Penarth has been ranked the Number 3 commuter-town in the UK where the rise in property prices more than compensates for the increase in rail fares.
The Daily Mail has published a table placing Penarth in the third slot in a UK wide National table
The top town was Esher, Surrey,where property prices are rising so fast house that rising house values can neutralise the increase in rail fares in just 8 days. The average property in the town has increased in value by around £256.66 a day to £1,109,098 during the past year, meaning the rising value could cover an annual £2,080 fare to London in eight days.
Solihull in Birmingham was ranked in second place in the annual research by property website Zoopla. This property in the area has an asking price of £320,000. Here commuters saw the value of their property increase by £85.11 a day – or £31,149 a year – to £377,890, meaning homes in the town could cover the £745 cost of annual travel into Birmingham in nine days.
Penarth came in a No. 3 in the UK rankings with an average asking price of £304,569 with a railcard fare price of £516.00 an average rise in property values over the last 12 months of 5.52% and the time taken for the rise in house prices to pay off the rail ticket being 11.86 days.
Zoopla spokesman Lawrence Hall told the Daily Mail : ‘Rising rail fares will have been unwelcome news for commuters heading back to work this week, but our figures may at least soften the blow slightly for those already living in the suburban locations at the top end of the table.’