Heathrow, London… The New Crossrail Story?
London Heathrow is now the 2nd busiest airport in the world which comes as no surprise as it is also a mixed residential, hotel and office complex – there are currently more than 73,000 employees working across the airport.
Right now, the Heathrow Express ferries people back and forth on a non-stop service between London Paddington and Heathrow Airport every 15 minutes. It has the highest satisfaction rates in London and the South East from the UK rail passenger which speaks volumes of its reliable and frequent services despite it being the UK’s most expensive train journey.
Upon the arrival of the brand new Crossrail Elizabeth Line (due for completion in 2018) access from Heathrow to central London (Bond Street, Liverpool Street and Canary Wharf included) will take just over 20 minutes. At this present time, transport options are already excellent: Paddington and Central London by rail, London by tube (Piccadilly underground line), the M4 and M25 motorways to various parts of the UK by car and of course, several airline routes from Heathrow airport.
A Third Runway at Heathrow
The government recently approved a third runway at Heathrow in order to expand UK airport capacity and provide additional flights to other UK destinations as well as up to 40 new cities across the world. This new addition, will bring a number of economic benefits to the wider economy (worth up to £61bn) never mind the local community who will benefit from the addition of over 77,000 new jobs and landlord’s providing short and long term accommodation to local workers and passengers staying overnight either due to delayed/cancelled flights or lay over’s.
How can you benefit?
Work began on the high-speed Crossrail line around seven years ago and this has directly correlated with rising property prices along the east-west route; as it stands, the house prices along the line are some of the fastest rising in London, soaring by a third so far. Further rises are predicted which will exceed local house price growth by 3.3% a year until the route opens in Q4 2018.
Historically, transport links and infrastructure expansions have played a rey role in property price performance. Take for example, the extension of the London Jubilee underground line in the 90’s which is thought to have generated a land value of around £9 billion.
We currently have access to a number of exciting off-plan crossrail projects in Heathrow, particularly a brand new development that just launched a few days ago.
To find out how you can get involved, contact us now at <strong>email@example.com</strong> or call <strong>+44(0)20 7624 5555</strong>