East London house prices set for 50% boost due to 'Crossrail effect'

 

Homeowners in Whitechapel, East London, could see their house price rise by more than 50% in the next five years as a result of the ‘Crossrail effect’ a new study claims.

Property values in areas served by the 38 stations on the Reading to Shenfield line are likely to increase by an average of 8% more than Greater London as a whole, with Whitechapel in line for the biggest increase.

The research by property consultants, JLL, suggests Woolwich could also see a 52% increase by 2020, with West Drayton and Ealing Broadway set to surge by 50%.

The report also looked at areas set to enjoy longer-term benefits from the line after it opens in 2018 in central London and 2019 for the rest of the route, such as the much-mocked Slough.

Neil Chegwidden, residential research director at JLL, told newspapers: ‘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.’

JLL representatives added the line would give first time buyers the chance to spot the next wave of ‘up and coming’ areas before the line prices them out of the market in those places.

A major report last year called for councils to be given extra powers and funding to help fulfil the potential for economic regeneration from the £15bn Crossrail project.

Crossrail as a Catalyst included a 20-point checklist for boroughs to make the most of the line covering issues ranging from planning to employment based on the lessons from six of the line’s station.

 
comments powered by Disqus
 
 
highways jobs

Director of Highways and Transport

Lancashire County Council
c£100k
We are looking for a passionate and energetic leader to deliver a range of ambitious and major projects. Lancaster, Lancashire
Recuriter: Lancashire County Council

Director of Growth, Environment & Planning

Lancashire County Council
c£100k
Our new Director will help us to develop a strong corporate vision, strategy and robust operations to service. Lancaster, Lancashire
Recuriter: Lancashire County Council

Head of Highways and Network Operation

Blackburn with Darwen Borough Council
£55,537 to £59,663
We are looking for an experienced transport professional with an excellent grounding in Highways and transport operations. Blackburn, Lancashire
Recuriter: Blackburn with Darwen Borough Council

Engineer Maintenance

Liverpool City Council
£32,233 - £37,107
Liverpool City Council are looking to recruit an Engineer Maintenance. Liverpool, Merseyside
Recuriter: Liverpool City Council

Site Supervisor

Liverpool City Council
£32,233 - £37,107
Liverpool City Council wish to appoint Site Supervisors to supervise the City Council's highway construction works. Liverpool, Merseyside
Recuriter: Liverpool City Council

Permit Officer

Liverpool City Council
£23,111 - £27,358
Liverpool City Council are looking to recruit a Permit Officer. Liverpool, Merseyside
Recuriter: Liverpool City Council

Contracts Manager

Liverpool City Council
£37,107 - £41,846
Liverpool City Council wish to recruit a Contracts Manager based in Highways & Transportation. Liverpool, Merseyside
Recuriter: Liverpool City Council

Principal Engineer - Asset Management

Liverpool City Council
£37,107 - £41,846
Liverpool City Council wish to recruit a Principal Engineer - Asset Management. Liverpool, Merseyside
Recuriter: Liverpool City Council

Highways Inspector

Liverpool City Council
£32,233 - £37,107
We are seeking to recruit an enthusiastic individual to be a key member of our Highways Team. Liverpool, Merseyside
Recuriter: Liverpool City Council

Engineer - Capital Projects

Liverpool City Council
£32,233 - £37,107
Liverpool City Council is looking to recruit an Engineer - Capital Projects. Liverpool, Merseyside
Recuriter: Liverpool City Council

Engineer - Highways Capital Projects (S106)

Liverpool City Council
£32,233 - £37,107
Liverpool City Council wish to recruit an Engineer (Capital Projects). Liverpool, Merseyside
Recuriter: Liverpool City Council

Team Leader - Asset Management

Liverpool City Council
£41,846 - £46,560
Liverpool City Council wish to recruit a Team Leader - Asset Management. Liverpool, Merseyside
Recuriter: Liverpool City Council

Technical Assistant

Liverpool City Council
£23,111 - £27,358
Liverpool City Council are looking to recruit a Technical Assistant. Liverpool, Merseyside
Recuriter: Liverpool City Council

Waste and Recycling Engagement Officer

Camden London Borough Council
£24,460 - £26,358
We now have an exciting opportunity for a talented and enthusiastic individual to join us and be part of the North London Waste Authority (NLWA). Camden, London (Greater)
Recuriter: Camden London Borough Council

Major Transport & Development Projects - Strategic Specialist

Wiltshire Council
£51,763 - £57,066
Wiltshire has a highly regarded record of securing funding and delivering major transport improvements across all modes of travel. Wiltshire
Recuriter: Wiltshire Council

Assistant Director - Growth and Development

Lincoln City Council
£59,058.00 - £65,127.00
Looking for an experienced manager with a good track record in proactively driving economic growth and investment. Lincoln, Lincolnshire
Recuriter: Lincoln City Council

Assistant Director – Transport and Connectivity

Birmingham City Council
£73,513 - £90,864
This is one of a number of influential new senior roles for collaborative people, motivated by doing what’s right for our city and residents. Birmingham, West Midlands
Recuriter: Birmingham City Council

Director (Environment and Planning)

Hinckley & Bosworth Borough Council
£77,265 p.a.
You will have a great opportunity to drive forward an ambitious strategic growth agenda... Hinckley, Leicestershire
Recuriter: Hinckley & Bosworth Borough Council

Service Director – Environment

Kirklees Metropolitan Council
£98,615
Looking to recruit to a key post within our Economy and Infrastructure Directorate.  Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Transport & Development Officer (Career Grade)

London Borough of Bexley
£29,130 - £40,173
This is a Career Grade post and an excellent opportunity. Bexley (City/Town), London (Greater)
Recuriter: London Borough of Bexley