Improving the cycling commute in Finsbury Park and beyond
- 29th September 2023
- Buying Property News
Why the introduction of cycleways in Finsbury Park is a powerful draw for homeowners and prospective buyers
Across London, the creation of cycleways is revolutionising transport in the capital, linking communities, businesses and destinations with a more environmentally friendly and sustainable transport option. This can be a big draw for potential homebuyers and existing homeowners alike, as well as those looking to buy to let. We certainly know it’s encouraged us to get on our bikes here at ludlowthompson.
The cycleways, which were previously branded Cycle Superhighways or Quietways, are being implemented across the capital as part of Transport for London’s Active Travel strategy. The aim is for 40% of Londoners to live within 400m of a high-quality cycle network by 2030. That’s a big benefit to those looking to build a more fitness-focused and sustainable lifestyle in the capital who might previously have been put off cycling in the city. Research shows that among those wanting to cycle, road safety is the number one worry.
The improved connectivity also means it’s easier and more attractive for people to rent and buy in areas of London they may not previously have considered, leading to a positive impact on buying prices and rental values as such transport initiatives become selling points in their own right.
Figures suggest the TfL initiative, which has been in place for a number of years, is continuing to work well. Cycling levels are up 40% compared to pre-pandemic, and, last Autumn, the number of people cycling on weekdays was 20-25% higher and 90% higher than at weekends. This suggests that Londoners are using the cycle routes both to commute to work and for pleasure.
The construction of Cycleway 50 in Finsbury Park
One of the most recent implementations is in Finsbury Park, where ludlowthompson has an office. The creation of a new experimental cycle lane, Cycleway 50, will link Finsbury Park to Camden. Work began in February 2023 on a segregated cycle lane between Finsbury Park and Nags Head which is due to be completed by the end of this year.
In the second phase, the route will continue from Nags Head up to York Way, before it connects to an existing cycleway that links York Way and Royal College Street. It’s hoped that implementation of the second phase will begin before the end of the year with completion due in 2024.
Complementing Cycleway 38 to provide a fuller route for those living in the capital
Cycleway 50 will complement a number of existing and planned cycle initiatives in London, as well as the wider public infrastructure developments in the capital. In Finsbury Park in particular, it will complement Cycleway 38 North, works for which were completed in July 2020 and which created a new cycle route from Finsbury Park to Highbury Fields. That was followed, in September 2020, by the introduction of Cycleway 38 South, a trial cycle lane linking Holloway Road and Pentonville Road.
The results from the trial also show the positive impact for Londoners. In 2021, a year after its launch, the Cycleway 38 South Trial pre-consultation monitoring report showed that cycle volumes along Cycleway 38 have increased by a third (33%), while motor traffic volumes and bus journey times have fallen. Meanwhile in the subsequent consultation and engagement report, published in February 2022, 77% of respondents voted on making the changes permanent.
Cycleway 50 will also be trialled, but the advantages of such cycleways makes their future as a permanent fixture likely. The additional transport opportunities they provide, especially for commuting, help to relieve pressure on the existing transport infrastructure and reduce road danger and air pollution which can sometimes be seen as negatives to living in the capital.
It seems certain that, as more cycleways are introduced and move from trial phase to permanent fixtures, that those properties located close to such routes will continue to see a surge in demand.
At ludlowthompson we have offices across London, including Finsbury Park, and can help with all your residential property sales and letting needs. Talk to an expert at our offices today to see how we can help or if you need pointing to the new cycleways.
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