Will Crossrail be bringing you to work

Crossrail Station, Canary Wharf E14

Crossrail, a new railway line

Local property markets will benefit from the new Crossrail project launching in December 2018. Will this new line be bringing you to work? The lines and stations will open in 2019 & 2020 fully. The project will not only deliver ten new stations and upgrade 30 more but provide more frequent and faster connections to Central London.

Our offices in Rotherhithe & BermondseyCanary Wharf & DocklandsBow & Bethnal Green, and Chislehurst & Bromley will assist vendors, landlords, purchasers and tenants making property moves in these areas. Developers will spend billions of pounds on the new infrastructure, which will see approximately 200 million passengers travelling on the line each year.

The new railway will consist of the Elizabeth Line, 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. New and redeveloped stations will have their own architecturally designed and distinctive character. An example of this is the visually stunning and futuristic Canary Wharf Station.

Most journey times will reduce by half, and some will even be five times quicker. Reduced times will improve links between the capital’s central 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 inflates rental yields, rent and property prices.

Written by Alex Neil Estate Agents

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