Metro map shows possible rental savings

A map showing Metro stations based on the average rental cost of nearby houses.
A map showing Metro stations based on the average rental cost of nearby houses.
0
Have your say

Residents could save up to £300 a month in rent by moving just one stop on the Tyne and Wear Metro system.

New research from sales and lettings firm KIS shows what the Metro map would look like with stations showing the average cost of renting a home there.

And Tynemouth is second on the list outside central Newcastle, with the average rental cost being £848 a month.

As a result, two of the biggest savings available involve Tynemouth, with residents saving £360 a month if they moved one stop to Cullercoats and £329 a month by moving to North Shields.

Ajay Jagota, managing director of KIS, said: “We thought this would be a eye-catching way of taking a closer look at the region’s property hotspots, and although few people will be surprised to see that places like Jesmond and Tynemouth are the most expensive areas, it is striking to see the change in rents from station to station laid out on the Metro map.

“Tynemouth to North Shields is a three minute train ride, but a rent difference of over £300 a month.

“We think in time this could be a valuable way of analysing local popularity trends.”