Crossrail News: Average Property Prices Along The Elizabeth

The Crossrail opening has finally come, and with it, buyer competition continues to surge around many stops along the line.

With interest rates on the up and the cost of living crisis not yet behind us, many Londonders are taking advantage of the new Crossrail connectivity and heading to the outer fringes of the line. According to recent research, properties in the vicinity of Heathrow Airport have increased in price by 12% on the 2018 peak, and up 41% up on the 2014 peak. To the west, Twyford and Taplow sold prices are up year-on-year by 8% and 10% respectively.

Areas with lower property values and rent prices that were previously poorly connected to the city centre are now providing more affordable housing options for commuters. The ongoing trend towards remote working continues to create a wider choice for residents of the capital, too.

Some stops along the line have seen property prices in the vicinity soar by over 100% in the last decade. Maryland station in Newham has experienced the biggest leap, going from an average of £233,500 in 2012, to £468,476 this year, while asking prices around the line’s furthest south-east reaches have shot up by 103% to £356,800.

Buyer competition exponentially higher

The upward pressure on asking prices has been driven by staggering increases in buyer competition in key Elizabeth Line pockets; in the last ten years, buyer numbers have increased the most around Abbey Wood, with buyer enquiries now nine times greater than they were in 2012.

From there, the next biggest increases can be seen in and around Romford, with Gidea Park buyer enquiries up 821% and Harold Wood 744% higher than a decade ago.

Chadwell Heath and Goodmayes then come in 4th and 5th for the areas with the most increased competition, shooting up by 663% and 660% respectively since 2012.

Renting along the Elizabeth Line

As property prices and buyer demand has increased dramatically at many points along the Elizabeth Line, so too have rental prices and competition for rental properties. The line’s western section has experienced the most significant increases.

The greatest rent price increases have occurred in Slough and Burnham, up 44% and 43% respectively. Meanwhile, Southall - renowned for its affordability - has experienced the largest increase in tenant competition, attracting over four times more tenant enquiries than a decade ago.

We’ve collated the latest property data from Rightmove to give you a snapshot of the current market conditions surrounding each of the new Crossrail stops along the line.

Related: The Cheapest Places To Rent In London

Reading

Average overall sold prices (last 12 months): £382,031

Trajectory: Similar to last year, but up 6% on the 2019 peak of £361,040

Twyford

Average overall sold prices (last 12 months): £576,485

Trajectory: Up 8% on last year, and up 10% on the 2018 peak of £524,765

Maidenhead

Average overall sold prices (last 12 months): £564,571

Trajectory: Up 1% on last year, and up 4% on the 2017 peak of £543,735

Taplow

Average overall sold prices (last 12 months): £622,088

Trajectory: Up 10% on last year, but down 7% on the 2017 peak of £665,808

Burnham

Average overall sold prices (last 12 months): £444,092

Trajectory: Down 12% on last year, and similar to the 2018 peak of £444,212

Slough

Average overall sold prices (last 12 months): £367,413

Trajectory: down 7% on last year, but up 4% on the 2018 peak of £351,643

Langley

Average overall sold prices (last 12 months): £449,834

Trajectory: Similar to last year, but up 6% on the 2017 peak of £422,532

Iver

Average overall sold prices (last 12 months): £581,540

Trajectory: Up 4% on last year, and up 4% on the 2018 peak of £560,624

West Drayton

Average overall sold prices (last 12 months): £376,110

Trajectory: Down 2% on last year, but up 2% on the 2018 peak of £370,475

Hayes & Harlington

Average overall sold prices (last 12 months): £409,820

Trajectory: Up 2% on last year, and up 19% on the 2019 peak of £343,494

Southall

Average overall sold prices (last 12 months): £454,694

Trajectory: Up 8% on last year, and up 17% on the 2017 peak of £388,783

Hanwell

Average overall sold prices (last 12 months): £614,400

Trajectory: Similar to last year, and up 9% on the 2016 peak of £561,238

West Ealing

Average overall sold prices (last 12 months): £787,654

Trajectory: Down 12% on last year, but up 22% on the 2016 peak of £646,037

Ealing Broadway

Average overall sold prices (last 12 months): £891,024

Trajectory: Up 17% on last year, and up 7% on the 2018 peak of £833,755

Acton Main Line

Average overall sold prices (last 12 months): £639,292

Trajectory: Down 6% on last year, but up 2% on the 2016 peak of £626,739

Paddington

Average overall sold prices (last 12 months): £1,324,184

Trajectory: Up 9% on last year, but down 4% on the 2017 peak of £1,381,647

Bond Street

Average overall sold prices (last 12 months): £3,728,900

Trajectory: Similar to last year, but down 28% on the 2019 peak of £5,166,616

Tottenham Court Road

Average overall sold prices (last 12 months): £1,237,089

Trajectory: Down 20% on last year, and down 21% on the 2016 peak of £1,566,085

Farringdon

Average overall sold prices (last 12 months): £867,754

Trajectory: Down 8% on last year, and down 17% on the 2018 peak of £1,041,990

Liverpool Street

Average overall sold prices (last 12 months): £1,051,938

Trajectory: Up 9% on last year, and similar to the 2019 peak of £1,044,366

Whitechapel

Average overall sold prices (last 12 months): £559,270

Trajectory: Down 7% on last year, and down 26% on the 2019 peak of £750,861

Stratford

Average overall sold prices (last 12 months): £505,258

Trajectory: Up 5% on last year, and similar to the 2019 peak of £501,455

Maryland

Average overall sold prices (last 12 months): £468,476

Trajectory: Up 1% on last year, but down 1% on the 2018 peak of £473,886

Forest Gate

Average overall sold prices (last 12 months): £522,979

Trajectory: Up 7% on last year, and up 11% on the 2019 peak of £471,556

Manor Park

Average overall sold prices (last 12 months): £535,424

Trajectory: Up 7% on last year, and up 28% on the 2018 peak of £418,583

Ilford

Average overall sold prices (last 12 months): £463,393

Trajectory: Similar to last year, but up 11% on the 2018 peak of £416,223

Seven Kings

Average overall sold prices (last 12 months): £479,868

Trajectory: Up 4% on last year, and up 19% on the 2018 peak of £404,269

Goodmayes

Average overall sold prices (last 12 months): £451,228

Trajectory: Down 3% on last year, but up 11% on the 2018 peak of £405,678

Chadwell Heath

Average overall sold prices (last 12 months): £381,409

Trajectory: Similar to last year, and up 12% on the 2018 peak of £341,314

Romford

Average overall sold prices (last 12 months): £391,964

Trajectory: Up 1% on last year, and up 9% on the 2019 peak of £360,173

Gidea Park

Average overall sold prices (last 12 months): £519,925

Trajectory: Up 6% on last year, and up 7% on the 2019 peak of £486,868

Harold Wood

Average overall sold prices (last 12 months): £399,389

Trajectory: Similar to last year, and up 3% on the 2019 peak of £386,223

Brentwood

Average overall sold prices (last 12 months): £548,301

Trajectory: Down 5% on last year, but up 11% on the 2018 peak of £495,297

Shenfield

Average overall sold prices (last 12 months): £806,295

Trajectory: Down 2% on last year, but up 16% on the 2017 peak of £695,290

Canary Wharf

Average overall sold prices (last 12 months): £650,105

Trajectory: Down 4% on last year, and up 17% on the 2017 peak of £557,366

Custom House

Average overall sold prices (last 12 months): £391,448

Trajectory: Down 10% on last year, and down 16% on the 2018 peak of £466,509

Woolwich

Average overall sold prices (last 12 months): £365,733

Trajectory: Down 8% on last year, and down 18% on the 2018 peak of £444,045

Abbey Wood

Average overall sold prices (last 12 months): £372,882

Trajectory: Up 2% on last year, and up 8% on the 2017 peak of £346,095

Heathrow Airport Terminals 2 & 3

No data available. 

Heathrow Airport Terminal 4

Average overall sold prices (last 12 months): £425,000

Trajectory: Up 12% up on the 2018 peak of £380,000, and up 41% up on the 2014 peak of £302,000.

Heathrow Airport Terminal 5

No data available. 

Thinking of buying, selling, or renting in London?

If you are looking to buy, sell, invest or rent property along the Elizabeth Line or anywhere in London, get in touch with Portico and see how we can help you!

You can view all our latest London listings here, or you can access an instant property valuation using our handy online valuation tool. Call us on 0204 5793 011 - our property and mortgage experts are here to help you with all of your property needs.

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*No exact data available around the specific terminals.