Crossrail property investment – is there still time to invest for profit?

Investment News
17 Feb 2021
3 min read
Investment News

Crossrail property investment – is there still time to invest for profit?

17 Feb 2021
3 min read

In this article, Town Square Invest looks at whether investors still have time to capitalise a Crossrail property investment.

What is Crossrail?

Crossrail – also referred to as the Elizabeth Line – is a new route that is set to improve travel across east to west London. Spanning over 70 miles from Reading and Heathrow Airport (west), through central London to Shenfield and Abbey Wood (east), the scheme has been delayed until 2022.

The delay in Crossrail’s completion is good news for investors as it provides them with the time to invest in a property that has the potential to increase in price following its completion.

Crossrail is funded by the Government, through the Department for Transport (DfT), and the Mayor, through Transport for London (TfL), and the original budget for Crossrail has been increased and is now expected to reach £18.25 billion.  

Crossrail property investment

When it comes to buy-to-let property, having a clear understanding of the rental market you are entering is often a defining factor of the investment’s success.

A Crossrail property investment will appeal to renters who want easy access to central London but will offer the renter better value for money, more space, and will often have access to outdoor space – whether that is at the property itself or its close proximity to parks other open spaces.

The lives of city workers have drastically changed since March 2020, with many people now working from home instead of spending time commuting into the office.

With a record number of people set to move out of London in 2021, landlords providing good quality property in Crossrail property hotspots are set to reap the rewards of the shift in attitudes towards living in the capital.

Crossrail property prices

According to Hamptons International, property prices within a mile radius of any of the 40 Crossrail stations have increased, on average, by 66% since 2009. The figure is 15% higher than the average value of property in London over the same period.

For property investors, one important question to ask is whether Crossrail will continue to increase property prices? And if yes, which areas are expected to benefit the most?

Savills paints a positive picture for property values in the East of England (which includes Essex) and expects values in the region to rise by 17.3% between 2020 and 2024. Investors who enter a property investment have the opportunity to benefit from regional house price rises as well as the heightened demand predicted upon Crossrail’s completion.

Crossrail property hotspots

London’s commuter belt has been considered a property hotspot for many years, offering investors and renters alike better value for money.

Locations with excellent transport links and fast travel times are at the top of the wish list when considering commuter belt areas, so make sure your property is only a short distance from the train station and town centre.

Brentwood is a stand-out Crossrail property hotspot and is a location that has caught the eye of the Town Square Invest team.

Brentwood Rail Station is in Zone 9 and provides direct access to London Liverpool Street. With an average journey time of 42 minutes, the town is an ideal location for city workers who want to strike a better work-life balance. Click here to view a Crossrail map.

Brentwood’s appeal to London commuters will rise in the mid-to-long-term, as the completion of the section of Crossrail that will service Brentwood will reduce the travel time for commuters. Although the project is currently delayed until spring 2022, investors with a long-term approach will reap the benefits of a faster train service into central London.

For property investors, purchasing a Crossrail property investment now could significantly increase capital growth potential.

Where can I buy Crossrail route?

As mentioned above, Brentwood is an ideal location to invest in property on the Crossrail route.

For buyers keen to maximise their return on investment, Library House is a managed buy-to-let property that offers investors an assured rental income from day one.

Completed, furnished, and located in the heart of Brentwood’s town centre, the property will appeal to the town’s rental market as it ticks all of the boxes – location, size, modern fixtures and fittings, reasonable rents and just a short walk from large outdoor spaces.

Click the link for more information about Library House and to see how much money you could earn from a fully managed apartment within this completed, brick-build development.