House hunters escaping the capital are saving more than £14,000 for every mile they travel, new research1 by modular housing project Etopia Corby shows.
The average cost of a detached house in the capital has risen £172,472 in the past five years2 and buyers frequently look to other areas in search of better value for money.
Those looking for the quickest savings need look no further than Slough, Berkshire, where buyers save £65,606 per mile on average for a detached house. It is the most drastic saving available in any of London’s commuter locations.
Not far behind are Essex towns Basildon and Harlow, where buyers could save £54,125 and £32,695 per mile respectively.
Etopia Corby looked at the distance between London and 47 locations within striking distance of the capital3 and compared the cost of detached homes to those in Greater London.
Table: The 10 towns and cities with the biggest savings per mile for a detached house compared to London1:
| July 2019 Detached House | Saving per Mile July 2019 | |
| Slough | £575,556 | £65,606 |
| Basildon | £552,942 | £54,125 |
| Harlow | £543,276 | £32,695 |
| Luton | £398,251 | £28,645 |
| Sevenoaks | £773,882 | £26,810 |
| Chelmsford | £587,482 | £24,587 |
| Maidstone | £490,528 | £23,643 |
| Southend-on-Sea | £524,698 | £22,790 |
| Crawley | £562,994 | £22,089 |
| Stevenage | £573,380 | £21,839 |
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