New figures show that house prices are going to rocket in the Capital due to the new and greatly anticipated Crossrail which will provide high speed rail services across London. Also glimpses of the second phase of the Crossrail due to complete in 2030 could mean even more properties in even more areas sky rocket.
Crossrail which is a £15.8 billion project to vastly improve speed and accessibility to the capital is already have a great impact on the properties in and around the areas affected. We can see this by looking at the changes in price in the areas close by like the large scale Tottenham Court Road development with prices rising 439% in the last decade.
When Crossrail is completed in 2018 it is properties based in Berkshire and Buckinghamshire that will see the biggest rise in value, as the full potential for living a little further out will be realised with quicker and more frequent links in to the capital.
Maidenhead, Langley, Slough, Burnham and Taplow all share post codes with Crossrail stations and are set to see jumps in property prices of up to a massive 60%. Prices could increase by up to £160,000 in the coming four years.
Click HERE to see the map of the new Crossrail Lines. This Map shows the two Crossrail links, the blue line running from East to West is the Crossrail 1 line that will be completing in 2018 and the green line running North to South is the proposed Crossrail 2 and if approved will be set to complete in 2030.
Now is the optimum time to invest in these areas as they are sure to be very profitable investments.
Also the properties near Chadwell Heath, Woolwich, Southall, Shenfield and Romford stations will be on the up in the years to come, as people will be scrambling to live with the high speed rail network on their door step.
Even though the Crossrail 2 is in the very beginning stages as a proposal if it does go ahead it will have a big effect on the surrounding areas as can be seen from the ongoing effect of Crossrail 1. We believe that properties on this second route will rise on average by 74% in 2020 and even more should the route go ahead.
These pockets close to new Crossrail sites will inevitable rise and it is prime time to invest and cash in on the profits of this fantastic new high speed rail link bringing many areas and neighbourhoods easy access to everything the capital has to offer.