It seems like forever since the £2.3 billion investment to improve the existing railway through London began but it’s finally almost time to unveil the Crossrail.
The line, which runs over 188km through London, Berkshire, Buckinghamshire and Essex will transform transportation into and across London, getting commuters from Liverpool Street to Heathrow in 34 minutes and from Essex to Canary Wharf in 10 minutes. Due to be completed in December 2019, the line will be a welcome addition to London transportation and drastically reduce commuter times.
There’s definitely still time to invest in property on the line, before demand sky-rockets once the line is open, so from East to West London, explore our top investment hotspots along the line to see which one would work for you.
Average Asking Price: £348,464 – Increase of 4% on previous year, and 21% since 2015.
Set in the East of London, Romford is close enough to commute into the busy city centre, yet gives residents a peaceful Essex life. Now the area is set to benefit further from the Crossrail, making it a great place to invest. When the Elizabeth line is ready, Canary Wharf will be just a 25 minute journey on the train, and Bond Street just a further 10 minutes, making the work-life balance of reduced commutes attractive to people looking to move here. The area has great schools and is perfect for families who don’t want to live right in the centre of London.
Average Asking Price: £410,087 – Increase of 5% on previous year, and 21% since 2015.
8 miles east of the centre of London sits Ilford. With great connections to some of London’s most popular places and plenty of green space to enjoy, Ilford is one of East London’s great locations, set to become even more desirable with due to the new Crossrail. With Canary Wharf set to be just 17 minutes away, and Bond Street 24 minutes, Ilford will offer another much-shortened commute. A great property in Ilford is this three bedroom terrace house. To find out more visit our office in Ilford.
3) Forest Gate
Average Asking Price: £448,556 – Increase of 8% on previous year, and 31% since 2015.
With Wanstead Flats and Stratford on the doorstep, and Crossrail bringing Canary Wharf and Bond Street less than 20 minutes away, Forest Gate is a great prospective place to live, as well as having affordable prices that are set to increase due to Crossrail. The area has a village feel and a real sense of community, making it a great place to live if you want to feel at home but be close to the hustle and bustle of London. A great property on offer in Forest Gate is this three bedroom home. To find out more about Portico in Forest Gate, visit our page.
Average Asking Price: £699,159 – Increase of 5% on previous year, and 18% since 2015.
Whitechapel, located just outside Shoreditch in East London is a vibrant, multi-cultural area, whilst hosting a large community of young professionals. With Shoreditch located just one mile away, you are never short of things to do, as well as having the Regent’s Canal and Victoria Park on your doorstep if you need some R&R. Whitechapel is perhaps going to be one of the most highly benefitting areas on the Crossrail, taking you to Bond Street in just 10 minutes, and Canary Wharf in 3 minutes! A great property near Whitechapel is this two bedroom apartment. To find out more visit our office in Bethnal Green.
5) Tottenham Court Road
Average Asking Price: £920,930 – Increase of 24% on previous year, and 19% since 2014.
Areas off Oxford Street are some of London’s most ideal locations. Not only is this area perfect in regards to the places in close proximity, such as Covent Garden, Oxford Street, Euston and Holborn, but when spending time there you will never run out of places to go and see. Already having some of London’s best transport links and set to only improve with Crossrail on the horizon, this is going to be the perfect location. Heathrow Airport will be only 30 minutes away, and Canary Wharf just 12 minutes away. A great property in this area is this swish two bedroom apartment in Bloomsbury. To find out more visit our office in Bloomsbury.
Average Asking Price: £627,318 – Increase of 8% on previous year, and 13% since 2015.
Situated in the London Borough of Hammersmith and Fulham, Acton is filled with countless great bars and restaurants. Already located very well, Acton’s demand and desirability is set to rocket as a consequence of London’s new Crossrail. Bond Street is to become just a short 9 minute journey away, as well as the Eastern job hotspot Canary Wharf which will now be just 23 minutes. For those who travel often for work, Heathrow Airport will be just 18 minutes away. A great property here is this gorgeous two bedroom flat in Acton. To find out more visit our office in Acton.
Average Asking Price: £582,888 – Increase of 5% on previous year, and 11% since 2015.
The appeal of Ealing is made obvious as soon as you step foot here. With its large, red-brick five and six bedroom Victorian and Edwardian detached family houses and plenty of open green spaces, it is a lovely place to live, and so it comes as no surprise the area is on the up. Ealing’s forecasted figures are making the area incredibly attractive, as well as the introduction of the Crossrail. The Crossrail’s shrinking effect on the Capital means that Bond Street is to be just an 11 minute journey.
Average Asking Price: £408,269 – increase of 18% on previous year, and 31% since 2015.
Southall is an area set for regeneration and certainly a boost in housing demand. House prices are set to rise in the area due to Crossrail, and the many other things it has to offer. As of 2019, Heathrow will be just a short 8 minute journey away whilst Bond Street will only be 17 minutes – making this a great location for those inbetween working centrally and business travel abroad.
Search properties along the Elizabeth Line from Portico now or visit one of our 18 offices across London today. If you've already purchased a property along the Crossrail route, why not get an up-to-date valuation.
*Average prices are from Rightmove.