Area Focus - Thames Valley
How will the new Crossrail service affect you and your employees?
Crossrail is the new high frequency, high capacity railway for London and the home counties of Berkshire, Buckinghamshire and Essex. Once complete the service will run from Reading through to Shenfield on the Elizabeth Line. From December 2019, when the Crossrail route fully opens, passengers will be able to travel through central London without having to change trains.
This new fleet of trains are over 200 metres long with space for up to 1500 passengers. They are equipped with air-conditioning, Wi-Fi, 4G, and fully accessible for wheel chair users.
Reading to Paddington has an expected travel time of 50 mins and Maidenhead to Paddington 37 minutes.
Property asking prices along the Elizabeth Line have soared by a third in the last 12 months. They are expected to increase by 3.3% per year above local house price growth until the line launches in 2018/19, with the average house price in Maidenhead now starting at £358,000.
Many new housing developments are under construction in preparation for Crossrail. Just a stone’s throw from Maidenhead train station, Redrow are developing ‘The Loftings’, a site of 1 and 2 bedroom homes with prices from £289,950. While Berkeley’s are developing ‘Green Park Village’ in Reading, featuring 1 and 2 bedroom apartments and 3, 4 and 5 bedroom houses, cycle routes, picnic areas and café. A new primary school is planned and a proposed railway station linking to Reading and Crossrail.
Although house prices are increasing to the West they still remain less than those in London making the Crossrail commute a desirable prospect.
If you would like us to explore commuting and housing options in the Thames Valley area please give us a call.
Sources: CBRE/ homesandproperty.co.uk