Tuesday, 24 October 2017

Tunnel vision: homes for sale near Crossrail

It has been called Europe’s largest infrastructure project, with 42km of tunnelling beneath London and

It has been called Europe’s largest infrastructure project, with 42km of tunnelling beneath London and more than 62 million working hours completed so far. Crossrail says the first section, Paddington to Abbey Wood, will open in December 2018, and the final section, the West through to Reading, is scheduled to open in December 2019.

For those of us living close to a local Crossrail station, such as Reading and Twyford, it means an alternative commute option to London, alongside mainline train. However, according to a recent report by research company JLL, the public belief that Crossrail will reduce a commuter’s journey from every station is not necessarily the case.

“It is a misconception that Crossrail will deliver notable journey time savings throughout its route,” said JLL analyst Neil  Chegwidden. “The journey time impacts from the West into Paddington will be  marginal.”

In fact, the research showed that commuters  travelling from 10 per cent to 15 per cent of the stations will see no time saving to London central stations like Paddington. However, the benefit will come in the form of getting right into the heart of London, and beyond, without having to change trains.

According to Crossrail’s “journey time calculator” at www.crossrail.co.uk/ benefits/a-world-class-new-railway, from Reading or Twyford commuters will be able to take a direct link through to Tottenham Court Road in just 55 minutes and 50 minutes respectively, or Canary Wharf in just 67 minutes and 62 minutes respectively. Standard  Property hopes this will make for a less-headachy journey than going by mainline train followed by Tube.



Matthew White, surface director at Crossrail said: “Crossrail will provide a big improvement in public transport, improving rail services to and from Reading and Twyford. Better transport links will make it easier for local residents to get to a range of destinations across London and the South East.

“But it will also make the area an even more attractive place to live, work and visit, helping to attract investment and providing new business opportunities.”

It’s no surprise that interest in properties in these areas have increased over the past few years. According to the report from JLL, the opening of Crossrail stations in Taplow and Reading will mean an increase of 39  per cent and 41 per cent respectively, over the next five years.

“Areas experiencing significant regeneration to combine with the Crossrail effect will benefit most, but all Crossrail locations will reap the rewards of a higher profile alongside greater consumer and developer interest,” said Adam Challis, head of residential research at JLL.

Estate agents in Henley and surrounding areas also echo this view. Tim Feaviour, sales negotiator at Ballards in Twyford, said: “In Twyford and the surrounding villages, we have seen a definite increase in enquiries from both owner occupiers and investors as a result of the Crossrail services coming to Twyford, even though it is still not scheduled for another four years.

“Many of the applicants are relocating to this area from London and suburbs because of the very good train connections coupled with the area’s  excellent local schools.”

With this in mind, we have found a good selection of options, in various price  categories, for those thinking about making such a move.



£200,000-300,000 price bracket

Savills is marketing a brand new development of one and two-bedroom flats â?? Garrard House â?? in the heart of Reading town centre. Due to complete in spring next year, these apartments come with a high spec and are perfectly placed for local transport links. “Purchasers can have the advantage of buying now off-plan and at 2015 prices,” said Richard Maby at Savills in Henley.

“Given the predictions of our research department and the higher than average yields these units promise to return, it is a great  investment opportunity â?? not only for professional  landlords, but for anyone thinking of investing in  property.”

One-bedroom flats start at £215,000; two-bedroom flats start at £250,000. For more information, contact Savills on (01344) 295375.



£400,000-500,000 price bracket

A three-bedroom detached house that is the right side of Twyford for an easy, quiet walk to the station, passing schools on the way. It would also be a good choice as an investment.

Chris Bisson, residential sales manager at Romans in Woodley, said: “This is a great opportunity to buy a

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family home close to Twyford train station. With a Crossrail station coming to the town in 2019 and good schools in the area, this will be a great future investment and  viewings are highly  recommended.”

For sale with Romans at a price of £435,000. Call (0118) 953 8782 for information.



£600,000-700,000 price bracket

Need to work in the City, but dream of a life in the country? This gorgeous  four-bed semi-detached  cottage in semi-rural Shurlock Row, to the south of Twyford, is just the ticket, a short cycle to Crossrail/  mainline Twyford, or a seven-minute drive.

The house is stuffed full with character features such as exposed beams and latched doors and has a great layout downstairs, with three  reception rooms as well as a large kitchen that extends into a breakfast room. Need more? How about a front garden with gravelled drive and a pretty back garden that’s good size for the  children to play in?

Mullie Davies, managing director of Mullie Ltd in  Twyford, said: “The housing market remains extremely buoyant at all price levels but there is a huge disparity between demand and supply. With the promise of  Crossrail, we have already seen a large increase in buyers looking to invest in Twyford and the surrounding area.”

For sale with Mullie, at a guide price of £600,000.  Call (0118) 934 2470.



£1m+ price bracket

This five-bedroom detached house is at the edge of Twyford centre, so it takes an easy 15-minute walk or five-minute bike to the  station. There are four  receptions rooms, plus  kitchen, utility room and cloakroom, large gardens and a detached double garage.

Tim Feaviour, sales  negotiator at Ballards in  Twyford, said: “This is a great property for those needing to commute to central London, or Reading. It’s also near good schools and has the advantage that it’s a ’forever’ family house.”

For sale with Ballards at a guide price of £1,200,000. Call (01189) 320044 for information.

For more estate agents that deal with properties in the vicinity of a Crossrail station, visit our property pages at http://www.henleystandard.co.uk/property/agents.php.



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