London’s Crossrail, set to fully operate by 2023, is already influencing property markets along its route. Reading, a town in Berkshire, is one such area seeing a surge in demand. With Crossrail, the commute to London will be cut to 27 minutes, making Reading an attractive option for London workers. Prices in Reading have risen by 17% in the past five years, yet it remains more affordable than London, with average property prices at £306,897.
West Drayton, another area benefiting from Crossrail, will have a 20-minute commute to central London. Property prices have increased by 33% in the past five years, with the average price now at £361,615. However, it’s not just the commute times that are attracting buyers. West Drayton will soon see a £1bn investment into a new garden village, featuring 4,000 homes, shops, and a school.
Finally, areas around Tottenham Court Road are seeing a boom due to Crossrail. The area is already home to a thriving tech sector and world-class universities. With Crossrail, it will be a mere 15 minutes from Heathrow. Property prices have risen by 35% in the past five years, with the average property costing £1.3m. The arrival of Crossrail is set to further enhance the appeal of these areas, making them hot property markets.
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