Will Crossrail be bringing you to work this time next year?

24th November 2017
The local property market is set to benefit from the new Crossrail project launching in December 2018 and fully opening in 2019. The project will not only deliver 10 new stations and upgrade 30 more, but provide more frequent and faster connections into Central London. Billions of pounds are being spent on the new infrastructure which is predicted to see approximately 200 million passengers travelling on the line each year.

The new railway will be made up of one line, the Elizabeth Line, which is named in honour of the queen. When fully completed, the line will connect central London with parts of Berkshire and Essex, and some of London’s busiest rail stations. The new stations will have their own architecturally designed and distinctive character, an example of this is the visually stunning and futuristic looking Canary Wharf Station which can be seen in the right hand side picture. Most journey times will be reduced by half and some will even be five times quicker, this will allow improved links between the capital’s main business and commercial districts with some examples below:

Paddington to Canary Wharf 🚆 34 mins ➡ 17 mins
Canary Wharf to Liverpool Street 🚆 21 mins ➡ 6 mins
Canary Wharf to Heathrow 🚆 55 mins ➡ 39 mins
Whitechapel to Canary Wharf 🚆 13 mins ➡ 3 mins

With these dramatic cuts in journey times more people are flocking to the surrounding neighbourhoods of Crossrail stations, increasing demand from tenants which pushes up yields, rent and property prices. However, there are still plenty of properties available to buy at reasonable prices:

Canary Wharf, Docklands and surrounding areas



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Will Crossrail be bringing you to work this time next year?

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