Look Beyond Crossrail Stations For Affordable Investment Properties
If you want a great return on a property investment, then consider Collier Row to the north of Romford and its Crossrail link into Central London and beyond.
Crossrail is coming to Essex! From May 2017, new trains will operate on the line between Liverpool Street and Shenfield. However, the full line is not expected to be in service until December 2019.
This huge transport infrastructure has been a long time in the making. In fact, the idea of Crossrail was initially conceived in the 1880s, and various plans have been submitted over the last hundred years to get it to this point. The route encompasses 73 miles of railway line covering areas in Central London, Berkshire, Buckinghamshire and, of course, Essex.
How Will Crossrail Affect Essex?
Focusing on Essex and its route into East London and beyond, Crossrail will serve stations from Shenfield, to Brentwood, Harold Wood, Gidea Park, Romford, Chadwell Heath, Goodmayes, Seven Kings, Ilford, Manor Park, Forest Gate, Maryland, Stratford and into Whitechapel, where it will continue across Central London and out to the west.
Stations that have been added to the Crossrail route will enjoy incredibly fast commutes into Central London. For example, a journey from Romford to Bond Street or Canary Wharf will take 10 minutes less than previously, while an enormous 19 minutes will be slashed off the time it takes to get to Paddington.
Naturally, this enviable improvement in commuter times into Central London has caught the eye of those looking to get onto the property ladder, as well as buy-to-let landlords who are interested in adding to their portfolios. Previously, areas of Essex and East London have provided affordable accommodation at incredibly low prices compared to other areas of the capital or neighbouring South-East regions. However, the introduction of Crossrail has begun to push up house prices in certain areas.
Look Beyond the Stations
Locations such as Collier Row have become prime hotspots for those wishing to benefit from a Crossrail investment. Collier Row is situated to the north of Romford, on a suburban development which largely takes the form of a housing estate. The area has a number of shops positioned on a central crossroads which forms the hub of the community. Houses for sale in Collier Row represent great value for money, compared to other areas close by. Currently, it is possible to acquire a presentable 2-bed flat, maisonette or starter home in the region of £250,000 to £300,000. The reason that prices are low in this area, and others like it, is undoubtedly its lack of train station. However, the affordability of Collier Row and its proximity to Romford, which is on the new Elizabeth line, has encouraged buyers to consider the area and properties are being snapped up as a result.
Don’t Wait Too Long
It won’t be long at all before the secret is well and truly out about Collier Row and other affordable areas near to Crossrail stations. Therefore, it’s important to act fast if you want to secure a bargain Crossrail property and receive a great return on your investment in the coming months and years. Do your research, contact a reputable estate agent and begin your property search today.