Moving to Chesterfield will pay for your commute in less than a month

Moving to a commuter town could pay for itself as house price increases cover the cost of commuting within days (Stock image).
Moving to a commuter town could pay for itself as house price increases cover the cost of commuting within days (Stock image).

If you're considering moving out of the city centre, here's 15,000 reasons to do it.

New figures reveal that moving to Chesterfield will pay for itself in less than a month, as rising property prices are earning buyers £41 a day as the value of their house increases.

Moving to Chesterfield could earn you over 10,000 a year - enough to pay for your commute to Sheffield in less than a month.

Moving to Chesterfield could earn you over 10,000 a year - enough to pay for your commute to Sheffield in less than a month.

Property website Zoopla has analysed its data and says its found out exactly how much money home-owners can earn in the area - and how quickly it will buy you a season ticket to Sheffield.

By analysing site data from 2015, Zoopla compared the average annual house price increase in some of the UK’s most popular commuter towns to the cost of an annual train ticket.

In Chesterfield, house prices rose by an average of £15,189 last year, or just over £41 per day.

So within 27 days of moving, you will have already paid for your annual rail ticket to Sheffield.

They found that some commuters in the country could use their house to pay for their commute in just seven days, with those travelling from Solihul to Birmingham earning £95 per day from their property.

Lawrence Hall of Zoopla commented: “Our research shows how much property prices have increased in certain popular commuter areas over the last 12 months and also highlights just how expensive commuter-belt living can be.

"As we'd expect, properties in key commuting areas continue to be in demand for buyers in competitive markets. While our research may soften the blow of increased rail fares for home owning commuters, the price rises we’re seeing do make it harder for those looking to take their first step onto the property ladder.

"But with Government Help-to-Buy schemes still in place and the promise of new homes to ease demand, both buyers and sellers should have at least some reason to be upbeat as we go into 2016.”

And for those that work in Chesterfield, moving to Alfreton could earn you £9,434 a year, so it would pay for an annual ticket into town (£1,088) within 42 days.

The top 10 commuter hot spots where residents will be the quickest to pay off their 2016 travel are:

1. Solihull to Birmingham - 7 days (7th January 2016)

2. Surbiton to London – 11 days (January 11th 2016)

3. Radyr to Cardiff – 13 days (January 13th 2016)

4. Tandridge to London – 14 days (January 14th 2016)

5. Barry to Cardiff – 15 days (January 15th 2016)

6. Epsom to London - 17 days (January 17th 2016)

7. Penarth to Cardiff – 17.5 days (January 17th 2016)

8. Bath to Bristol – 18 days (January 18th 2016)

9. Esher to London – 18 days (January 18th 2016)

10. Stockport to Manchester – 20 days (January 20th 2016)