House prices set to grow by 50% in three years in west London because of Crossrail, new research claims
01-31-2017
Research by a property consultant has suggested Crossrail could cause a huge jump in house prices along the Elizabeth line
House prices in West Drayton and Ealing are expected to rise by up to 50% by 2020 because of the new Crossrail project , claims a property consultants.
Research carried out by JLL suggests West Drayton and Ealing Broadway are amongst the areas set to see the biggest rise in house prices as the Elizabeth line railway nears completion
Crossrail is aimed at improving transport links London and the south east of England and will connect Reading and Heathrow in the west to Shenfield in Essex and Abbey Wood in Greenwich in the east.
'Connect east to west London as never before'
Residential research director at JLL, Neil Chegwidden, said: “Crossrail has already triggered land purchases, development activity and price growth along its route and our research demonstrates that there are still plenty of opportunities to come.
“Whilst Whitechapel comes out top in terms of overall benefit from the line, we believe the medium to longer opportunity areas are the ones to keep an eye on as developers and investors will seek to make the most of this transport link that will connect east to west London as never before.”
New West Drayton development
Crossrail to cut journey times
| Destination | Current journey time | Crossrail journey time |
| Bond Street | 44 minutes | 23 minutes |
| Liverpool Street | 56 minutes | 31 minutes |
| Canary Wharf | 59 minutes | 37 minutes |
| Reading | 37 minutes | 29 minutes |
The research coincides with Aqua House at Union Park being put on the market, which is a new 118 apartment building on the Grand Union Canal., and will be a mile away from the new West Drayton crossrail station.
Crossrail, which is expected to be fully running by 2019, will cut journey times to 31 minutes from West Drayton to central London.
The train station at West Drayton is also undergoing a major revamp as part of the Crossrail work, including a new entrance canopy, extended platforms, new lifts, lighting, improved customer information screens and CCTV.
Crossrail trains will run up to six services an hour through West Drayton.