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New Woolwich Crossrail station - is this likely to increase nearby property prices?

SE London has relatively poor transport links when compared with North London. The Woolwich Arsenal underground station has made travelling into central London easier, but is the proposed new Crossrail Station likely to significantly increase prices in the nearby area? Would a place within a 15-20 minute walk from the station be considered too far for a typical commuter?

Asked on Jan 28 2014, Transport in London | Report content

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  • That's a long walk just to get to the station every working day.

    Answered on Jan 29 2014, Report content
  • Anything that boosts the economy should help to contribute to the increase of house prices. I would feel that an improvement in transport facilities will also help the house prices increase. I wouldn't expect huge increases though as they tend to be marginal.

    Answered on Jan 29 2014, Report content
  • I've just bought an investment flat in royal arsenal precisely because of crossrail - 45 mins to the city now, <20 mins when crossrail arrives in 2018. Living onthe river in a historic building is a no brainer for me

    Answered on Jan 31 2014, Report content
  • Without a doubt. Journey times from Woolwich will be transformed so more people will want to live there. A fuller discussion of the economic effect of Crossrail can be found here.

    Web reference: http://diligentinvestments.com/industry-news/the-housing-...

    Answered on Feb 3 2014, Report content
  • Any forward thinking investor should be taking advantage of the for sale properties available in West Thamesmead SE28 now......the relatively/recently built ones are the best to buy ( Built just under 10 years ago and now rightly priced after the first owners paid the premium).Those properties will blow up moderately (and hold value) once the cross rail is completed, and currently very affordable compared to other parts of London. North London has better transport link to Central London no doubt but the properties are too old and sometime not worth buying. You don't have to walk 15-20 minutes to get to the Cross Rail station....there are buses that run into Woolwich from Thamesmead, Plumstead e.t.c I would say buy in West Thamesmead or anywhere near the soon to be completed Cross Rail, its a No-Brainer

    Answered on Apr 26 2015, Report content
  • 20 minutes? You ever been here? That's average for a Londoner, get off your parochial rear. I'd rather walk than spend an hour in the gym at several grand per year! And yes, it's already massively boosted Woolwich property prices - mine's gone up 65% in the last two years.

    Answered on Feb 13 2016, Report content

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