Shortly after the announcement that Crossrail 1 is to be named the Elizabeth Line, London has some new transport news to get on board with – Crossrail 2 has been approved to boost connections between north and south London. From your commute to housing, here’s how Crossrail 2 will affect Londoners…
With works on Crossrail 1, which will connect East and West London, well underway, Crossrail 2 is now set to further boost the capital’s connections, providing swifter connections for those travelling north to south.
Running from Tottenham to Wimbledon via Angel and Clapham Junction, construction on Crossrail 2 is slated to begin in 2023 and be completed by 2033, with 49 stations and a tunnel cutting through central London, calling at Euston St Pancras, Tottenham Court Road, Victoria and King’s Road Chelsea. Though still a good 15 years away from completion, it promises to increase rail capacity by 10% and is estimated to cost £27 billion.
The plan for this Crossrail anticipates the growing population of London and, with that, the rising price of housing near the city centre. As housing within the city grows more highly prized, it becomes less and less feasible for many people to live in or near central London. But Crossrail 2 will make travel into London from outside areas easier and faster.
It’s a long-term solution anticipating the continued growth of London’s population, which currently stands at a record 8.6 million people and is anticipated to increase to 10 million by 2030. These extra people will mean five million more journeys each day on the transport network. Overcrowding on the Tube is forecast to double by 2041, and National Rail services will face similar challenges. By providing capacity for up to 270,000 more people travelling into London during peak periods, Crossrail 2 should help relieve crowding and congestion on the transport network and free up space on National Rail lines, allowing towns and cities like Cambridge, Southampton, Basingstoke, Woking, Guildford and Portsmouth to potentially benefit from more frequent services.
Furthermore, to accommodate the need for affordable housing within commuting distance of the city, 200,000 new homes are being built along the anticipated route of Crossrail 2.
‘Crossrail 2 is a significant boost for London’s connectivity to key areas like Hertfordshire and Surrey,’ said Nick Leeming, Chairman at Jackson-Stops & Staff estate agency. ‘With average property prices in the capital now more than £530,000 according to the Land Registry, London is out of price for many. This new transport infrastructure helps bridge the gap by providing more commutable options. Key stations on the line are likely to see a spike in demand, and consequently property prices. Buyers should take advantage early to avoid disappointment.’