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Property Price Premiums

Sell My House Quickly in Ealing

Sell My House Quickly found another interesting article about properties in Ealing. Crossrail property price premiums rise to 17%.

A four-year delay has done nothing to dampen house prices surrounding Crossrail stations, which are still largely outperforming the wider areas in which they are located, according to newly released data from Benham and Reeves.

Research from the London lettings and estate agent, shows that, on average, property values in postcodes home to a Crossrail station sit 17% higher than the wider area.

Current Crossrail Property Price Premiums

Property Price PremiumsCurrent property prices in postcodes due to benefit from a Crossrail station currently average £572,686, 17% higher compared to the average £490,429 across the wider districts in which they are found.

Tottenham Court Road is home to the highest Crossrail boost, with property prices in the W1 postcode currently averaging just shy of £2m, 140% higher than the wider borough of Camden (£822,936).

Bond Street (97%), Liverpool Street (55%), Twyford (40%), Gidea Park (32%), Iver (27%), Whitechapel (26%), West Ealing (22%), Shenfield (21%) and Canary Wharf (17%) are also home to some of the largest Crossrail property price premiums.

Crossrail property price growth

Since Crossrail was approved in July 2008, property values in postcodes due to benefit from a station have climbed by 65% on average, far higher than the 39% seen across the UK. Crossrail stations within London have seen prices increase at an even greater rate, up 71% since 2008, although this rate of growth sits at the same level as London as a whole.

Tottenham Court Road and Bond Street have, again, seen the biggest boost with values in the W1 postcode climbing by 172%. Woolwich has also seen a notable jump with property prices up 122%, along with West Ealing (97%), Twyford (92%) and Maryland and Stratford (89%).

We found this article about Crossrail property price premiums rise to 17%. on Property Reporter. Kindly click the link to read the full story.

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