The Elizabeth Line｜All the Crossrail information in one article! Which areas will appreciate in value?
We all know that the British are really slow to get things done, right? When my friend first came to England, the building opposite to where he lived was under construction, and after a few years, the building was not even finished until my friend was about to graduate!
Not only is the building slow, but the railways in the UK are also super slow! The Crossrail, which has been under construction for over 10 years and cost 18.8 billion dollars, is already in the commissioning stage.
I can't help but be excited at the thought of how much easier it will be to get around when the Crossrail opens!
Next, let’s introduce Crossrail by itself, which is about to open to traffic~
"My" Business Card
Commonly referred to as Crossrail
= Crossrail 1 (as there is also a Crossrail 2, for distinction)
= Crossrail
= Elizabeth Line
The Crossrail was a railway project mainly in central London, first proposed in 1941 and first introduced to Parliament in 1991, but rejected.
It was subsequently introduced as a Crossrail Bill by the government in 2005. It was approved in 2007 and construction began in 2009. Due to severe delays, the central section is scheduled to open in 2022 and be fully completed by 2023.
Named the Elizabeth Line, the Crossrail aims to provide a high frequency suburban passenger service from west to east through the capital by linking the Great Western Main Line and the Great Eastern Main Line, the two main railway lines terminating in London.
The Elizabeth Line will extend over 60 miles from Reading and Heathrow in the west, through the Central Tunnel, to Shenfield (not Sheffield, mind you) and Abbey Wood in the east.
"My" Role
The Elizabeth Line will increase rail capacity in central London by 10%, the largest single increase in transport capacity in the capital in over 70 years.
Over 100 kilometres long, the new trains will run on 42 kilometres of new tunnels and tracks beneath central London, connecting 41 stations and adding 1.5 million passengers to the 45-minute journey from London.
The new railway, currently under the responsibility of Crossrail Ltd, will stop at 41 accessible stations - 10 new and 30 newly upgraded - and is expected to serve around 200 million passengers a year.
"My" Milestones
The biggest milestone will occur in the first half of 2022
When the Elizabeth Line will open for passenger services between Paddington and Abbey Wood Elizabeth Line stations. During this initial phase, existing TfL services from Reading and Heathrow airports to the Paddington mainline and from the Liverpool Street mainline to Shenfield will continue in their current stopping pattern.
This means that if travelling from Reading, Heathrow or Shenfield to an Elizabeth Line station in central London, you will need to change to the Elizabeth Line at Paddington or Liverpool Street mainline stations until the next phase of the railway opens.
The next milestone is expected to be in autumn 2022
Services from Reading and Heathrow will then operate through central London and to Abbey Wood via the new central part of the Elizabeth Line station.
Services from Shenfield will also serve the new central London station, with direct access to Paddington Elizabeth Line station.
The final milestone will be no later than May 2023
The final timetable for the train will then be in place.
"My" Lines
When the railway opens in 2022, three lines are expected to be in operation.
1. Reading/Heathrow Airport to Paddington (existing mainline station)
2. Paddington (Paddington station on the New Elizabeth Line) to Liverpool Street (Liverpool Street station on the New Elizabeth Line) to Abbey Wood
3. Liverpool Street (Liverpool Street Station on the New Elizabeth Line) (existing mainline station) to Shenfield
"My" Trial Run
The Elizabeth Line will begin trial operations as early as November, which will be the final stage before normal service begins.
Commissioning is essential to start the road to passenger service. It involves multiple trains operating in the central operating area to demonstrate that the railway can safely and reliably meet the necessary passenger capacity and performance levels, while final works are completed at stations.
Prior to the trial run, the Great Western Main Line and Great Eastern Main Line were fully integrated with the central operating section of the Elizabeth Line to form one operational railway, ready for full train operation.
"My" Stations
Nine new Elizabeth Line stations being delivered as part of the Crossrail programme -
Paddington (Paddington)
Bond Street (Bond Street)
Tottenham Court Road (Tottenham)
Farringdon (Farringdon)
Liverpool Street
White Chapel
Canary Wharf
Custom House
Woolwich
The existing Abbey Wood station has been extensively redeveloped by Network Rail.
"My" Effects
It is a truism that "when the road is open, the money is open", and Crossrail is a good example of this saying. The construction of Crossrail has led to an explosion of property development in its vicinity, with housing prices near the station far outstripping those in the immediate area.
According to research by Benham & Reeves, on average, properties in the postcode area where Crossrail station is located are worth around 17% more than in other areas.
● Crossrail was approved back in July 2008. Since then, property values in the vicinity have risen by an average of 65%, well above the UK rate of 39%, as a result of benefiting from the station.
● House prices along Crossrail station in London have risen even more, by 71% since 2008.
● Tottenham Court Road and Bond Street have seen the biggest increases in house prices, with the W1 postcode area seeing a 172% increase in house prices.
● Woolwich in South East London has also seen significant increases since 2008, with house prices rising by 122%, as well as West Ealing (97%), Twyford (92%) and Maryland and Stratford (89%).
What do the experts have to say about this?
Liu Ning, founder of Liu International (UK) Limited: "Since the approval of the Crossrail scheme, the housing market and house prices along the route have grown far more than nearby areas, booming beyond our wildest dreams. Here's an overview of the potential areas that are driving the development."
Potential Areas Near "Me"
Abbey Wood
According to a Savills study of house prices within 1km of Elizabeth Line stations, the cheapest Crossrail option is Abbey Wood, which straddles the London boroughs of Greenwich and Bexley, at a relatively modest average price of £350,00.
Property: Southmere
Address: Harrow Manorway and Yarnton Way, Thamesmead, Bexley, SE2 9UH
One bedroom from £312,500
Two bedrooms from £390,000
Three bedrooms from £518,000
Woolwich
Most of the areas with average house prices as low as £400,000 are on the edge of London, such as Harold Wood and Chadwell Heath, both on the edge of Essex, and West Drayton, just outside west London.
Recent hotspots of interest include Woolwich, an area in the borough of Greenwich in South East London, on the right bank of the River Thames, which is rated as a potential 'metropolitan centre' of London, with an average price of £383,000.
Property: Royal Arsenal Riverside
Address: 2 Duke of Wellington Ave, London SE18 6FR
One bedroom from £450,000
Two bedrooms from £655,000
Three bedrooms from £732,500
Help to Buy is available with down payments as low as 5%.
Southall
Liu Ning, founder of Liu International (UK) Limited: "Southall in West London's pro-priced, where a raft of modern, cost-effective new developments have been launched, has raised prices by 48% to an average of £423,000."
Property: The Green Quarter
Address: Ealing UB1 1BL
Two bedrooms from £480,000
Three bedroom £677,500 (one home only)
Help to Buy is available with as little as 5% down.
Property: The West Works
Address: Merrick Road, Southall, London, UB2 4AU
One bedroom from £310,000
2 bedrooms from £450,000
Three bedrooms from £500,000
Help to Buy is available with down payments as low as 5%.
Ealing Broadway
Liu Ning, founder of Liu International (UK) Limited: "Ealing Broadway also performed strongly. Prices rose by almost 42% to an average of £882,000."
Prices in the area just one stop from West Ealing rose by 16.4% to an average of £707,000, while prices in nearby Hanwell rose by 20% to £597,000.
Prices in Hayes & Harlington rose by 36.3% to an average of £412,000.
Property: Filmworks Ealing
Address: Ealing W5 5AH
One bedroom: £744,950 (one flat only)
Two bedroom: from £974,950
Three bedroom: £1,674,950 (one flat only)
Canary Wharf
In East London, prices in Canary Wharf have increased by 37.3% in five years to an average of £640,000, despite the new crown epidemic and working from home hindering sales of its high-rise flats.
Property: South Quay Plaza
Address: London E14 9WS
One bedroom from £720,000
Two bedrooms from £979,500
Three bedrooms from £1,722,500
Property: Wardian
Address: Wards Place, London E14 9TP
Studio flats £551,000 (only one left)
One bedroom from £765,000
Two bedroom £1,040,000
Property: One Park Drive
Address: London E14 9GG
Studio flats from £670,000
One bedroom from £795,000
Two bedroom from £1,155,000
Three bedrooms from £1,675,000
Property: 10 Park Drive
Address: London E14 9QL
Studio flat: £715,000 (one flat only)
One bedroom: from £695,000
Two bedroom: from £1,080,000
Three bedroom: from £2,300,000
Whitechapel
Areas within one or two tube stops of Tech City London have also become the CBD's radius of living. For example, Whitechapel, just 1.8 miles from London's Tech City, is a prime location for a large number of highly paid tech and finance professionals and is in high demand for rental properties.
The latest report shows that house prices in Whitechapel have risen by almost 100% since the Crossrail scheme to an average of £708,726.
Property: The Silk District
Address: 132 Cavell St, London E1 2JA
Studio flats from £455,000
One bedroom from £582,000
Two bedrooms currently fully booked
Three bedrooms from £1,225,000
Other areas
Manor Park prices rose by 47.7% to an average of £476,000.
Prices in Chadwell Heath rose by 35.5% to £363,000.
Goodmayes prices rose by 29.3% to £427,000.
Prices in Ilford rose by 30.6% to an average of £353,000.
So, that's all for today!
Let's all look forward to the opening of the Elizabeth Line!
作者：拾壹
出处：细说英国(ID:UKtalk)
未经授权，不得转载。
Reference:
https://www.standard.co.uk/homesandproperty/property-news/where-to-buy-a-home-crossrail-london-elizabeth-line-b953063.html
https://www.crossrail.co.uk/project/our-plan-to-complete-the-elizabeth-line/
https://www.propertyinvestortoday.co.uk/breaking-news/2021/5/crossrail-boom--house-price-premium-climbs-to-17-as-testing-begins
https://en.wikipedia.org/wiki/Crossrail
https://uk.linkedin.com/in/marc-von-grundherr-06b73019
图片均来源于网络。
A look at the areas and properties that are available for investment!
