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Crossrail Route Sees Property Values Rise by up to 65%

Properties along the new Crossrail line, due to be fully operational by 2019, have experienced a substantial increase in value over the last seven years, new figures show.

Properties along the new Crossrail line, due to be fully operational by 2019, have experienced a substantial increase in value over the last seven years, new figures show.

Since construction of the £16 billion railway started in May 2009, house prices around Crossrail stations have increased by 52%, standing 22% higher than the national average of England over the same 7-year period, where property values increased by 30%.


According to the research conducted by property portal Zoopla, the greatest increases in property prices along the Crossrail line have been seen in Ealing, in west London, and Forest Gate, in east London, where property values have risen by more than 60% over the last seven years.


Homes in West Ealing and Ealing Broadway currently boast an average value of £710,114 and £792,896 respectively, marking an increase of 65.27% in West Ealing and 61.4% in Ealing Broadway. Similarly, the value of properties in Forest Gate now average £389,543, rising by 65.49% since May 2009.


By observing price movements in outcodes, which cover a wider area range than a postcode, Zoopla found that the average property along the Crossrail path, or the ‘Elizabeth Line’, is worth £522,192 – 54% more than the national average of £298,863.


Of the top 15 areas with the highest price increase found by Zoopla, the majority are situated in zones 3 & 4 of London. With the line set to stretch as far as Reading in the west and Shenfield in the east, it is likely the property values in the outer ends of the line, added to the project as part of an extension in 2014, will also increase substantially as the Crossrail comes into completion.

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