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Here’s the real cost of a square foot of property near London’s Underground stations

Here’s the real cost of a square foot of property near London’s Underground stations

Unsurprisingly, Westminster is among one of the city's most expensive stops.

Homes in London are famously expensive, but a new map reveals how much how much space in Britain’s capital really costs.

Average prices only ever tell so much when you go by the number of bedrooms, which is why TotallyMoney.com looked at the price per square foot, for properties in a radius of 500 meters near one of the Underground’s 270 stations.

The results are staggering, even considering we’re talking about London, often named as one of the world’s most expensive cities.

The average one-bedroom flat in London measures 500 square feet (46.5 square meters). As a point of reference: a square foot is only slightly bigger than a 13-inch laptop.

Unsurprisingly, the hotspots in Central London, as well as public transport zones 2 and 3, present the capital’s highest prices.

A square foot in Covent Garden clocks in at £1,953 (€2,414.28, $2,666.57), so a flat would come in at £976,500 (€1,207,141.46, $1,333,287.82).

Along the Underground's 270 stops, square foot prices vary wildly.
Along the Underground’s 270 stops, square foot prices vary wildly.

A similar picture emerges all over the West End: at Leicester Square, close to Theatreland, Soho and Chinatown,the average cost sits at £1,150 (€, $), while at £1,952 (€, $), Piccadilly Circus is just a pound cheaper than Covent Garden.

Central London’s most popular spots are only stepping back behind the affluent areas in Kensington and Chelsea, home to the rich and famous.

Knightsbridge, home to world-famous department store Harrods, boasts the highest price in all of London.

A square foot here costs £2,214 (€1,421.62, $1,570.18), taking the price of your average-sized one bedroom to a staggering £1,107,000 (€1,368,464.51, $1,511,469.14) – but considering the area’s popularity with the super-rich, that’s likely to be a very hopeful calculation.

Coming in second is High Street Kensington, with a square foot price of £2,000 (€2,472.38, $2,730.74).

At the other end of the scale stand properties primarily in East London, as well as those far outside the coveted inner transport zones.

Hatton Cross, near Heathrow International Airport, clocks in at £370 (€457.39, $505.18) per square foot, while Debden in the city’s East has an average of £320 (€395.58, $436.91).

Cheapest on the map is the Central Line’s Loughton, in North East London, where a square foot will set buyers back just £294 (€363.44, $401.42) or £147,000 (€181,720.21, $200,709.99) for a 500-square foot home.