Crossrail will send London property prices soaring by 60 per cent

The prices of some properties along the route will climb by 60 per cent
Crossrail’s high-speed rail service will not only provide millions with increased connectivity into the capital, but it will send house-prices along its route skyrocketing, new figures show.
The £15.8bn Crossrail project has already had a profound effect on properties in London, with the prices of those near the large-scale Tottenham Court Road development rising 439 per cent in the last decade.
However, with the line due to be completed in 2018, properties based in Buckinghamshire and Berkshire will rise in value the most in the coming years, according to the analysis from online estate agent emoov.co.uk.

Houses in the same postcode as Crossrail stops in Burnham, Maidenhead, Taplow, Langley and Slough will jump 60 per cent in value, with prices expected to increase by up to £160,000 in the next four years.

You can explore all the data using our interactive map below.
Click on any station icon to see reveal how the average house price for the area has grown since 2004, and what it is expected to reach in 2020.
The dark blue line running from east to west is the Crossrail 1 development, due to be completed in four years, while the yellow line running north to south is the proposed Crossrail 2 route which would not be completed until at least 2030 should it get approval.

For those on the hunt for a profitable investment, house prices on the opposite end of the Crossrail route, in north and south-east London, will be the most affordable in 2020.

Properties near the Southall, Chadwell Heath, Woolwich, Romford and Shenfield stations will be the best for those looking for an affordable property with a high-speed rail network on its doorstep.

eMoov also calculated the expected price rise over the next four years for properties based on the proposed Crossrail 2 route, which would not be completed until 2030 should it go ahead.

Properties on the proposed route will rise by a median average of 74 per cent in 2020, and would undoubtedly grow even bigger in value following the development of a new transport network.

Russell Quirk, CEO of online estate agent eMoov.co.uk commented:

The London market is currently cooling, however there are still pockets of the capital and south east which represent fantastic opportunities for property investment. Crossrail locations can expect significantly elevated increases in prices in the coming years compared to non-Crossrail areas.

* Data for Twyford was not available.

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