London's transport infrastructure and buy-to-let
- 19th March 2014
- Landlord Property News
More properties to fall within a shorter commute of the City and West End, attracting more potential tenants.
Says Stephen Ludlow, Chairman of ludlowthompson, “Some landlords will be benefiting very soon from transport infrastructure improvements taking place in London. These can radically shorten commuting times to high employment areas like the City or Canary Wharf, making it easier to find prospective tenants.
“Many buy-to-let investors are very good at identifying areas that are set to benefit from major infrastructure improvements. These include improvements to the cycling network, as some landlords target London’s growing army of people who cycle to work.”
Infrastructure developments currently planned for London that might create opportunities for buy-to-let investors include:
- HS2 with a first planned stop at Old Oak Common in Acton.
- Crossrail, which is due to start operating in 2018 it will radically shoten commutes into central London. However, some of the areas set to benefit from Crossrail have already seen significant increases to their capital values.
- The proposed development of Crossrail 2, which is set to bring an additional 1.5 million people within 45 minutes of Central London, from areas like Woolwich and Acton.
- Expansions of London’s cycle infrastructure, such as a the new north-south route from Elephant and Castle to King's Cross which will run through Blackfriars Road and Blackfriars Bridge.
Some landlords will be benefiting very soon from transport infrastructure improvements taking place in London.
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