Properties along Elizabeth Line see rental values jump 15% in a year

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.”

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