London Tube is open to its commuters on 24/7.
Housebuilders are expected to step up land buying close to stations on the new Night Tube lines, sending local house prices rising.
Developers ranging from FTSE 100 property giants to small London builders are expected to invest in areas at the end of the lines, including High Barnet, Cockfosters and Walthamstow.
The service begins on the Central and Victoria lines tonight before expanding to other lines later this year.
Estate agent Strutt & Parker believes there will be price rises on property within a 10-minute walk of a number of stations over the next 12 months.
Dominic Price, a partner at Strutt & Parker, said: “The stops on the end of the Night Tube lines will be of particular appeal to the first-time buyer and the younger demographic who enjoy London’s nightlife and will like not having to spend a fortune on taxis late at night."
“Housebuilders will want to capitalise on this new demand,” Price added.
Killian Hurley, the boss of luxury flats company Mount Anvil, said: “The locations along these lines make for a more attractive prospect to buyers, and developers have to respond to that with more homes.”
Henry Smith added that his property firm Aitch Group expects a spike in demand for flats around these areas “similar to what happened after the announcement of Crossrail”.
Separately, the boss of online agent easyProperty has called on the Mayor of London Sadiq Khan to expand the Night Tube to run all week to help shift workers.
Rob Ellice said the move would mean employees don’t need to pay high Central London rents to be close to work.
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