Crossrail to add 13% to property values

29th November 2013

A new report forecasts that property prices on the Crossrail route, due to open in 2018, could rise by around 13%, adding around £60,000 to the average house price.

The impact of the new line is set to be greatest, in terms of journey times, in western areas such as Maidenhead, Taplow and Burnham, which will see journey times into Canary Wharf cut by up to 40 minutes. Property-wise, Ealing Broadway, Farringdon and Paddington are likely to experience the greatest value uplift. The proposed Crossrail 2, which would run between Alexandra Palace and Wimbledon, could see Hackney again become the chic residential area of choice for City bankers, just as it was in the 19^th century.

Source:   Property Wire   The Daily Telegraph