Cross­rail set to boost house prices by 50%

Ma­jor rail will have dra­matic ef­fect

Harefield Gazette - - NEWS - By Alexan­der Ballinger

HOUSE prices in West Dray­ton and Eal­ing are ex­pected to rise by up to 50% by 2020 be­cause of the new Cross­rail project, claims a prop­erty con­sul­tants.

Re­search car­ried out by JLL sug­gests West Dray­ton and Eal­ing Broad­way are among the ar­eas set to see the big­gest rise in house prices as the El­iz­a­beth line rail­way nears com­ple­tion.

Cross­rail is aimed at im­prov­ing trans­port links in Lon­don and the south east of Eng­land and will con­nect Read­ing and Heathrow in the west to Shen­field, in Es­sex, and Abbey Wood, in Green­wich, in the east.

Res­i­den­tial re­search direc­tor at JLL, Neil Cheg­wid­den, said: “Cross­rail has al­ready trig­gered land pur­chases, de­vel­op­ment ac­tiv­ity and price growth along its route and our re­search demon­strates that there are still plenty of op­por­tu­ni­ties to come.

“Whilst Whitechapel comes out top in terms of over­all ben­e­fit from the line, we be­lieve the medium to longer op­por­tu­nity ar­eas are the ones to keep an eye on as de­vel­op­ers and in­vestors will seek to make the most of this trans­port link that will con­nect east to west Lon­don as never be­fore.”

The re­search co­in­cides with Aqua House at Union Park be­ing put on the mar­ket, which is a new 118 apart­ment build­ing on the Grand Union Canal and will be a mile away from the new West Dray­ton cross­rail sta­tion.

Cross­rail, which is ex­pected to be fully run­ning by 2019, will cut jour­ney times to 31 min­utes from West Dray­ton to cen­tral Lon­don.

The train sta­tion at West Dray­ton is also un­der­go­ing a ma­jor re­vamp as part of the Cross­rail work, in­clud­ing a new en­trance canopy, ex­tended plat­forms, new lifts, light­ing, im­proved cus­tomer in­for­ma­tion screens and CCTV.

Cross­rail trains will run up to six ser­vices an hour through West Dray­ton.

MONEY-SPIN­NER: Above left, an artist’s im­pres­sion of the strik­ing new en­trance ap­proved for Ac­ton Main Line Rail­way sta­tion as part of the Cross­rail project. Above one of the planned El­iz­a­beth Line trains

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