Research reveals property prices along the Crossrail route are outperforming the wider market.
The latest analysis from Knight Frank shows average property prices around many Crossrail stations have grown more strongly than in the surrounding local authority areas over that period. On average, the outperformance is 5%.
Research reveals average property prices within a 10-minute walk of Bond Street station have risen by 82%, the largest increase along the Crossrail route, compared to a 43% uplift in the wider area since the project received Royal Assent in July 2008.
Acton has seen the largest average increase amongst the stations outside of central London (77%) over the last six years, outperforming its surrounding local area by 33% over that time.
Although residential property prices within a 10-minute walk of the central stations have seen the highest average rise (57%), Knight Frank’s newly-extended Crossrail Index shows how this increase has also helped underpin price growth around many stations between Shenfield and Reading.
Average property prices within a 15-minute walk of the Western Crossrail stations have risen by 28% since 2008, outperforming local markets by 6% over that time. Property prices within the same distance of Eastern Crossrail stations saw growth of 21% over that period, outperforming local markets by a more modest 3%.