Properties along Elizabeth Line see rental values jump 15% in a year
- 20th June 2022
- Buy-To-Let Property News
The newly opened Crossrail provides opportunities for buy-to-let investors to maximise returns
Rental values for properties within close proximity to the Elizabeth line have jumped by 15% this year alone, shows a study by Rentd. Renting within a Crossrail postcode costs £1,605 per month on average, translating to £19,260 per annum.
A separate study by Revolution Brokers also shows that East London properties within close distance to Elizabeth Line stations are generating healthy returns. Custom House Crossrail station in East London now generates an average yield of 4.9%, with those near Maryland and Stratford stations returning a 4.8% yield on average.
A yield illustrates the earnings produced by an asset over time on the amount invested.
The Elizabeth Line opened on May 24th and connects Reading to Shenfield, with the line also running to Heathrow Airport. The new Line cuts down journey times across London significantly. For example, between Liverpool Street and Woolwich as well as Farringdon and Canary Wharf, journey times are cut by half.
Stephen Ludlow, Chairman at ludlowthompson says, “In East London, buy-to-let investors are benefiting tremendously from the new Elizabeth Line, with returns increasing compared to last year.”
“As well as cutting down journey times significantly and providing greater access across London, commuters receive the benefit of new underground trains and an overall better commuting experience.”
“This presents an excellent opportunity for buy-to-let investors looking to add to their portfolio.”
We received 620 5-star Google reviews in 2021.
Top UK ranked agent with 6,500+ positive reviews on the ‘allAgents’ industry-leading customer review website.
ludlowthompson staff are measured by how our customers rate them via 1,000s of questionnaires.
Every single questionnaire is read by Stephen Ludlow and David Thompson.
Samia R via Google Reviews:
Wonderful staff, who were efficient and professional and helped in every way they can. I liked the more subtle approach to sales in which they invited a number of viewings in one time block. They were not pushy, they just offered the right detail, were attentive to queries on both sides and were truly worth the reassurance for getting nice tenants. Thank you to the team who have made this a very smooth process.
Susan G-P via Google Reviews:
Went through ludlowthompson to rent out my property. It has been a seamless and stress-free experience from start to finish. I was kept informed of every step from start to finish and what requirements were needed of me. The whole process took approximately a month from first engaging ludlowthompson to a new tenant moving in. Highly recommend.
n East London, buy-to-let investors are benefiting tremendously from the new Elizabeth Line, with returns increasing compared to last year
FREE & INSTANT PROPERTY VALUATION
IN JUST 60 SECONDS