National Rail's train time table shake-up could knock as much as 15 per cent off house prices in commuter towns with reduced services, property experts have warned.

Radical changes introduced to train times over the weekend have resulted in the number of services stopping at some stations by as much as 40 per cent, data shows.

Among the worst hit are commuter towns surrounding London including Preston Park, Leagrave East and Flitwick, which have all seen well over a third of their daily services cut.

number of commuter towns surrounding London to lose nearly half of their train services, analysis of rail data shows, potentially reducing their viability as a place to commute from into the capital every day.

Mark Hayward, chief executive at the National Association of Estate Agents, said: "By the very fact that these places are referred to as commuter towns, when you reduce their commutability it will have detrimental effect on house prices.