Crossrail to provide boost to house prices
- 14th October 2014
- Buying Property News
Increased connectivity to central London set to boost prices of houses along new Crossrail route.
The new Crossrail development is expected to cause house prices along the route to see double digit price rises in the years leading up to its opening in 2018, according to a new report.
The impact of the £15.8bn project opening of the line will boost prices for those living in areas such as the counties of Buckingham, Berkshire and Essex and in places such as Burnham, Maidenhead, Taplow, Langley, Slough and Romford.
Stephen Ludlow, Chairman of ludlowthompson comments, “The large improvement to connections with the City that Crossrail will provide will make properties close to the link very popular. Areas in London's Zones 2 and 3 that are near a station, like Acton, are as likely to benefit from a property price boost as those areas that are further out."
The most affordable areas along the route will be mainly those in East London including Chadwell Heath, Woolwich, Romford and Shenfield but also Southall in the west.
Stephen Ludlow adds, “Although prices are rising, there will still be affordable areas towards the East end of the rail link, meaning that Crossrail should still benefit those also looking for a profitable investment. While the value of being near a station has been known about for quite some time by investors, the fact that we are getting nearer to the route being operational is sharpening interest in those areas that will be serviced."
The large improvement to connections with the City that Crossrail will provide will make properties close to the link very popular.
FREE & INSTANT PROPERTY VALUATION
IN JUST 60 SECONDS