Prime Crossrail Property

May 8th, 2013 | By | Category: House Key, Residence

Properties Located Around Crossrail Stations Could Prove To Be Smart Investments

cross rail

A report from Knight Frank has suggested that properties close to central Crossrail stations are good investments, due to the potential of increasing property prices in those areas. Figures show that residential property values around central Crossrail stations will rise by 40% over the next five years.

This signals an increase in property values in another part of London, of late rising values have normally been associated with prime residential areas such as Knightsbridge or Mayfair. The Crossrail has shifted focus onto areas such as Tottenham Court Road. The report went on to highlight that average property prices within a 10-minute walk of the central Crossrail stations have already risen by 30% since 2008, outperforming the prime central London market by 8%.

Crossrail will increase London’s rail capacity by 10% and carry around 200 million passengers a year, transport links have always been a major factor in determining property values. We will see developers eyeing up buildings and land for development close to these central Crossrail stations, if you own a property around them hold on to it if not we suggest you begin your search.

Other areas will benefit from the Crossrail, particularly west London areas. Ealing will benefit from having improved transport links into central London. Buying a property in Ealing may be a far more viable option than central London, property prices may not increase as much in this part of west London as compared to Crossrail properties but they will be cheaper.

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