Seeking ROI? Think Cross Rail
The Cross rail will connect the South East directly with Central London improving the popularity of the region for city commuters. If you are looking to invest in property in the South East and are seeking maximum return, now is the time to act. The property market for both sales and lettings in the region is thriving and with sale prices tripling in the past two years, the market looks set for continued growth in both demand and value – so don’t miss out!
The Cross rail which is due for completion in December 2019 has been described as ‘a world-class new railway for London and the South East.’ The house prices in the cross rail station areas have already seen an increase of up to 73% since the beginning of 2013 when the works began on this revolutionary new transport link.
A shorter commuting distance into London is attracting new people looking for properties to rent and to buy outside of the busy capital. This influx in demand has created the ideal environment for developers to renovate, modernise and build new homes.
“It will bring an additional 1.5 million people within 45 minutes commuting distance of London’s key business districts”
The Cross rail, when completed will provide a seamless journey from Berkshire right through to Central London in less than one hour. This will allow commuters to travel to Liverpool Street and to Canary Wharf without having to use the London Underground. Reading, Maidenhead and Slough amongst many other towns on the train line have become highly desirable areas to live for working professionals.
The ‘Cross rail effect’ has been a hot topic in the news for the past few years but overall it has shown a very positive outcome for the property market. This is proven through an increase in property value in the Thames Valley by as much as 50% higher than property increases in London. You can find out more about Berkshire and the surrounding counties in our area guides.
Kempton Carr Croft is an independent firm of Chartered Surveyors operating throughout London and the Thames Valley. Our multi-disciplined team work with developers on a regular basis to provide services relating to commercial and residential property as well as land. Our services include development viability, feasibility studies, market valuation, site monitoring and building project management and contract management.
Please contact us for more information on our services.