With Crossrail’s arrival just a year away and the much-anticipated Northern Line extension underway, property writer Fiona Brandhorst takes a look at some of the savviest property buys along London’s new transport routes
Crossrail’s arrival is just now over a year away, yet savvy investors and owner-occupiers have been buying in locations up and down the Elizabeth Line in anticipation of price growth since construction began in 2009.
David Fell, Research Analyst at Hamptons International, says as the prospect of the new service starts getting close to reality, owner-occupiers buyers have increasingly been taking the place of investors. ‘The effect of Crossrail has pushed up prices and attracted investment into areas along the route,’ he adds.
From the Docklands to central London, developers have been busy creating some of London’s most cutting edge homes often with eye-catching views of the capital, yet as the Elizabeth Line follows existing stations along its route, iconic period property is also benefiting from its connectivity.
A two bedroom apartment within a stunning stucco fronted period building on Cleveland Square and minutes from Paddington Station, a new stop on the Elizabeth Line, is being marketed by KFH for £1.385m. There’s a share of the freehold and use of the private gardens at the centre of the square.
Cycle parking, a communal roof terrace as well as a private balcony leading from the bedroom and living room is available with a one bedroom apartment at Paddington Exchange for £875,000 through Hamptons International.
Liverpool Street will be just 10 minutes away from Custom House DLR station on the Elizabeth Line
Chiltern Place provides an opportunity to live in the highest new building in Marylebone, a short walk to Paddington and Bond Street Stations, both of which will be on the new Elizabeth Line. Prices start from £1.95m for a one bedroom apartment through Knight Frank and Savills.
Located just three minutes from Custom House DLR station, where Liverpool Street will be 10 minutes away and Heathrow 45 minutes on the Elizabeth Line, Mount Anvil’s Royal Docks West offers 105 studio, one, two and three-bedroom homes. The kitchen and living areas have full-height windows, maximizing the light and the spectacular waterside views.
Jon Hall, Sales Director Mount Anvil, comments: ‘The range of sporting facilities and lifestyle amenities and the proximity to London’s financial and business centres will make this one of London’s most popular neighbourhoods.’ Prices start from £465,000 for a one-bedroom apartment and completions are scheduled from late 2018.
Bellway’s Turnberry Quay, a new 12-storey Dockside development, will be moments from Crossrail at Canary Wharf. Prices start from £759,995 for a two bedroom apartment.
Goodman’s Fields, Berkeley Homes Aldgate development, is served by Whitechapel Station on the new line. Residents can enjoy a health club with a heated indoor swimming pool and spa, gym with dedicated spin studio, a private screening room, a business lounge and 24-hour concierge. A Curzon Cinema has also just opened nearby. Prices at Neroli House at Goodman’s Fields start at £735,000 for a studio apartment through Knight Frank and JLL with completions at the end of 2019.
South of the river, tunnelling for the £1.2bn Northern Line extension from Kennington has now begun, connecting the tube line to Battersea
South of the river, tunnelling for the £1.2bn Northern Line extension from Kennington has now begun, connecting the tube line to Battersea and is the first major expansion of the Underground since the Jubilee line in the 1990s. Two new stations in Nine Elms on Wandsworth Road and Battersea Power Station are due to open in 2020.
The Residence at Nine Elms comprising one, two and three bedroom apartments will be minutes away from the new Nine Elms Station. Prices start at £611,000 for a one-bedroom apartment.
St William has unveiled a new collection of apartments at its flagship Battersea development, Prince of Wales Drive, drawing inspiration from the 19th Century gasholders that once stood on site. The 72 one, two and three-bedroom apartments, which start from £720,000 for a one-bedroom apartment, feature open-plan living spaces and a covered outdoor terrace or balcony, many of which offer unrivalled views of Battersea Park and Battersea Power Station.