London's upcoming Elizabeth line – set to open in 2018 – is already making its mark on property prices throughout the capital.
Data released today showed properties near the planned stops along the line have increased in value by 52 per cent on average since building began, compared with the average rise of 30 per cent across England.
The figures, from online property portal Zoopla, showed buyers are flocking to snap up properties with access to the high-speed rail link: an average property on the Elizabeth Line is now worth £522,192, 54 per cent higher than the national average of £298,863.
Central London hotspots Tottenham Court Road and Bond Street have seen the highest increase of any postcode along the line, both with an average property price rise of 66 per cent since May 2009, when work first started on the Elizabeth Line.
In third place, was Forest Gate, with a 65 per cent in the value of property over the same period – the highest rise outside Zone 1 of the London Tube system.
Large price increases in the west of the city took place in West Ealing and Hanwell, where property values increased by 65 per cent and 63 per cent respectively.
Lawrence Hall, a spokesman for Zoopla, said: "With just under two years to go until the line is fully operational the impact on property values close to the 40 stops is becoming clear."
"Whilst these rises will be welcomed by current owners up and down the line, it's a reminder of just how hard it is to get onto the London property ladder."