The Overground Night Tube route: the cheapest spots to buy and rent along London's next all-night party line

The East London route will operate all night on Fridays and Saturdays between New Cross Gate and Dalston Junction, and extend to Highbury & Islington next year. Here's the low-down for buyers and renters...

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Lizzie Rivera7 July 2017

Earlier this week it was announced that the London Overground will run through the night from December.

A 24-hour service will run between New Cross Gate and Dalston Junction on Fridays and Saturdays, opening up the areas for Londoners who want to make the most of east London's unique bar, restaurant and night life.

For those looking for 24-hour weekend travel connections, Zone 2's New Cross Gate is the cheapest spot to live, according to the latest figures from Rightmove.

Rock band Klaxons formed in New Cross in 2006, when it was genuinely edgy with a thriving music and arts scene.

However, thanks to a series of improved transport connections, the area has seen some of the biggest house price rises in the capital over the last decade, increasing by an average of 134 per cent.

A two-bedroom property in the south-east London postcode now has an average asking price of £436,530.

While those looking to rent will be looking to spend about £1,460 per month for a similar property.

The next best value can be found in hipster hotspot Dalston and the up-and-coming Docklands hotspot, Surrey Quays.

Average house prices in both areas are below the £600,000 for a two-bedroom property and rents remain below the £2,000 mark.

Fastest-rising areas on the Overground Network

Wapping and Whitechapel have also seen the some of the most dramatic rises in asking prices in the capital in the past 10 years.

As a result of its promixity to the City and Overground connections, City workers and overseas owners have flocked to the East End hotspot, leading to 155 per cent house price rises.

The area is undergoing significant regeneration, including the transformation of the 15-acre former News International HQ into a 1,800 new homes development.

As such, a two-bedroom home now sells for more than £900,000 in the area and you'll pushed to find a decent two-bedroom flat for much less than £2,200.

With an average asking price of £753,630, similar flats are significantly cheaper to buy in Whitechapel and renters may be able to save around £100 a month.

Scroll through the gallery above for a full list of rental and property prices along the soon-to-be 24-hour "ginger line"...