PENARTH IN TOP-TEN OF TOWNS WHERE PROPERTY-PRICES OUTSTRIP RISING RAIL FARES

This 4-bed house in Mountjoy Avenue, Penarth - up for sale at £347,500 - around the average for Penarth - but increasing in value every day

This 4-bedroom house in Mountjoy Avenue, Penarth – up for sale at £347,500 – around the average for Penarth – but is increasing in value every day at the rate of over 5% a year

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 Daily Mail/Zoopla survey of "Top Ten Commuter Towns" places Penarth in the Number 3 position

The Daily Mail/Zoopla survey of “Top Ten Commuter Towns” places Penarth in the Number 3 position

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.’

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Penarth Daily News email address dmj@newsnet.uk . Penarth Daily News is an independent free on-line fair and balanced news service published by NewsNet Ltd covering the town of Penarth in the Vale of Glamorgan, Wales, UK. All our news items are based on the information we receive or discover at the time of publication and are published on the basis that they are accurate to the best of our knowledge and belief at that time. Comments posted on the site by commentators reflect their opinions and are not necessarily shared, endorsed or supported by Penarth Daily News.
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4 Responses to PENARTH IN TOP-TEN OF TOWNS WHERE PROPERTY-PRICES OUTSTRIP RISING RAIL FARES

  1. Lindsay says:

    An interesting but specious bit of frippery, given that the value of a property, rising or not, cannot be realised without moving elsewhere.

    • Mark Foster says:

      What I like about you Lindsay is your sophisticated understanding of the financial concept of assets.

      • Lindsay says:

        Thanks Mark. Compliment appreciated.

      • Peter Church says:

        “What I like about you Lindsay is your sophisticated understanding of the financial concept of assets.”
        You said it, Lindsay has great teachers like Prof. S Doughty expert in all things financial!!
        Then again Socialists don’t need to be experts in finance, just be able to spend the money others have earned.

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