London is a city built on transport. Shrewd property investment is about location. In the capital, nothing benefits an area more than connectivity.
Prospective buyers and tenants need to get to work to earn a living, into town to socialise, out of town for a breather and out of the country for a total break.
Nobody wants those journeys to take any longer than they have to. That’s why I believe clever investors and buyers should prioritise transport links when making a purchase.
Boosting the value
Properties near good transport links grow in value faster, sell more quickly and are easier to rent and at better rates.
A rental property five minutes from a Tube station saves a tenant half an hour a day over one 20 minutes away on a standard commute. Most people are willing to pay for that.
But transport links also bring regeneration. Canary Wharf struggled before the major artery of the Jubilee line arrived in 2000. Look at it now.
Combined with an upgraded, extended DLR, swift connections to a revamped London Overground and the luxurious option of the Thames Clippers, the Isle Of Dogs, Greenwich Peninsula and Royal Docks are among the best connected areas in London.
Swathes of development are taking place that will see thousands of homes come onto the market at all three.
But those routes in and out will keep demand high. Londoners will wake up to the fact they can live in high-quality, newly-built homes in fresh neighbourhoods offering easy access to the rest of the city.
And that connectivity is just over a year away from receiving another massive boost.
The importance of Crossrail
When Crossrail (or the Elizabeth line as it will be known) starts running it will put Canary Wharf less than 40 minutes from Heathrow. It will also be less than 15 from previously harder to reach central areas such as Clerkenwell and Fitzrovia.
Its trains will be double the capacity of Jubilee line services offering commuters from Shenfield in the east and Reading in the west a new route into the capital.
Closer to home, its connection to Abbey Wood will see the bloom of regeneration spread beyond Woolwich, which will also feel a significant benefit.
With plans for a Thames Clippers pier at Blackwall, a tunnel under the Thames to improve car journeys across the river and a cycle bridge over the river linking to Rotherhithe, E14’s future is already looking very well connected.
Why it matters
Part of my job as an estate agent is to help buyers and tenants understand the benefits these connections already bring and what the future holds.
In this area of London, with so much infrastructure in the pipeline, that’s easy. Other parts of the capital are hampered by Victorian streets and inflexible neighbourhoods.
Call Metro 148 director Angelou Beswick direct on 020 7613 4600 or email firstname.lastname@example.org.
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