The Crossrail: Where to Buy your Property
Finding affordable property in London is no easy feat. On top of this, first-time buyers can often find themselves struggling to balance affordability with good transport links.
However, the emergence of Crossrail’s Elizabeth Line, which stretches from Shenfield to Reading, maybe the answer to the problem. Areas such as Abbey Wood and Woolwich will soon be a mere 10 minutes from Canary Wharf.
Work on the Elizabeth line is now well underway with an accomplished team of architects and engineers creating a line that draws upon the heritage of London. The project is now at 85% complete and has used architectural elements that represent the city of London – from bespoke brickwork, a map of Soho and design elements inspired by the Barbican. With around 200 million passengers expected to utilise the Elizabeth line and 10 new stations being built to deal with capacity, the Crossrail is set to change the face of London transport.
With this in mind, there has surely never been a better time to snap up a first home in the areas served by the line. With local estate agents reporting that some properties have already doubled in value, first-time buyers may well have found an affordable solution to their problem.
Abbey Wood, in particular, is subject to development change that could make it a haven for city workers. With 208 new homes in the pipeline, right on the doorstep of the Crossrail station, there are plenty of options for buyers looking in the area. This mid-market, more affordable homes have been designed for Elizabeth line commuters.
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