With only a year to go, your op­tions are clos­ing in

Profit from a new home along the Elizabeth line. Emily Wright be­gins a new se­ries on op­por­tu­nity ar­eas for late starters. This week she looks at Wool­wich and Abbey Wood

London Evening Standard (West End Final B) - ES Homes and Property - - New Homes -

WHEN it comes to ident i fy­ing Lon­don’s f u t u re prop­ert y hotspots, there are few more uni­ver­sally trusted in­di­ca­tors of growth po­ten­tial than “the Cross­rail ef­fect”.

Th­ese three words have be­come some­thing of a catch-all for gaug­ing an area’s prospects since ground broke on the £ 14.8 bil­lion in­fra­struc­ture project back in 2009. For the neigh­bour­hoods lo­cated along the 118 km line, the con­sen­sus is they are set to bask in the glow of a myr­iad ben­e­fits.

Those who got in with early prop­erty pur­chases have al­ready seen the risk pay off. House prices within a mile ra­dius of any of the 40 Cross­rail sta­tions have shot up 66 per cent since 2009, ac­cord­ing to re­search by Hamp­tons In­ter­na­tional. That’s 15 per cent more than the Lon­don av­er­age over the same pe­riod.

And while the fi­nan­cial spoils have ta­pered as the of­fi­cial launch date has nudged nearer, home own­ers and po­ten­tial buy­ers can still reap the re­wards from the ad­van­tages that have con­trib­uted to the price hikes — from bet­ter con­nec­tions to shorter jour­ney times in and out of cen­tral Lon­don.

With just over a year to go un­til the new Elizabeth line, as it will be called, opens in De­cem­ber 2018, we delve into the homes and de­vel­op­ments re­gen­er­at­ing the hubs along the route, start­ing

Re­gen­er­ated: “back­wa­ter” Wool­wich has seen a re­cent surge of de­vel­op­ment

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