{"id":21159,"date":"2022-10-13T09:18:18","date_gmt":"2022-10-13T08:18:18","guid":{"rendered":"https:\/\/www.benhams.com\/news\/?p=21159"},"modified":"2025-11-12T09:12:08","modified_gmt":"2025-11-12T09:12:08","slug":"the-elizabeth-line-a-21st-century-growth-model","status":"publish","type":"post","link":"https:\/\/www.benhams.com\/news\/london-property-market\/the-elizabeth-line-a-21st-century-growth-model\/","title":{"rendered":"The Elizabeth line – A 21st century growth model"},"content":{"rendered":"

\"Liverpool-street-station-Crossrail\"The much-heralded Elizabeth line (also known as Crossrail), positions an already world-class transportation system firmly at the centre of a growth template that stretches into the 21st<\/sup> Century and beyond.<\/p>\n

Overview (opening & route map)<\/h2>\n

In terms of sheer impact and reach, the Crossrail project<\/a> vastly outstrips anything that has come before it on the London Tube network. Covering a 100km route from Reading and Heathrow in the west, to Shenfield and Abbey Wood in the east, it forms the basis of a major push for economic growth in the Southeast of England. The increased speed and efficiency that the Elizabeth line brings to the region automatically puts an extra 1.5 million people within three-quarters of an hour from Central London.<\/p>\n

The benefits to international travel are similarly impactful, with business flyers being able to catch a plane to Singapore or Dubai within 30 minutes of leaving a meeting in Canary Wharf<\/a>. Making this exciting new reality available to all is what the Elizabeth Line represents with a regular fast service (every five minutes) from Canary Wharf to Heathrow Airport\u2019s Terminal Five.<\/p>\n

Impact of Elizabeth line on outer London<\/h2>\n

Previously overlooked areas of the London are now finding that their proximity to a new, ultra-convenient transport offering puts them squarely in the sights of those looking for the next big London property<\/a> boom area. Southall<\/a> and Hayes<\/a> \u2013 two suburbs that, historically, were nowhere near anybody\u2019s prosperity radar, are now regarded as serious contenders. These are neighbourhoods that today have the same journey times into Central London as somewhere like Chiswick or Finchley. The Elizabeth Line has, therefore, become the ultimate game changer as reduction of travel times brings more and more suburbs into its influence and orbit.<\/p>\n

London property values have long been synonymous with the success and future prosperity of any infrastructural change in the Capital and a look at some of the trends gives us a clear idea of the impact of Crossrail, particularly along its route.<\/p>\n

Impact of the Elizabeth line on the London housing market<\/h2>\n

\"Elizabeth-Line-Tottenham-Court-Road-Station\"There is definite evidence of a \u201cCrossrail Bounce\u201d – a series of property mini-booms in the streets that surround the various stations along the route. From the announcement of the rail initiative, right through to its completion, property prices have risen in these areas: some more sharply than others. However, it\u2019s not just the creation of new commuter belts that is stimulating the London economy as over 300,000 new jobs and 90,599 new homes<\/a> have also been generated. A highly skilled and aspirational workforce is now on the lookout for good schools, open green spaces and good amenities and the outer fringes of London are just where they\u2019ll find them.<\/p>\n

The areas that witnessed the most dramatic changes are those located just on the edge of the main underground networks. Crossrail has transformed them into major transport hubs and developers have not been slow to realise their potential. A number of exciting new builds have taken shape which is massively encouraging for shrewd investors and tenants who want the best of both worlds.<\/p>\n

Where to buy property on the Elizabeth line, London<\/h2>\n

On the Capital\u2019s western fringes, the profiles of neighbourhoods like\u00a0Hayes\u00a0<\/a>and\u00a0Southall<\/a> are rising as people take advantage of their positions on the Elizabeth Line. Comparatively cheap housing stock continues to attract investment and proximity to Heathrow Airport will attract corporate frequent flyers. Located near the banks of the Grand Union Canal, Southall is well known for its bustling multi-cultural high street and pan global selection of restaurants.<\/p>\n

Ealing\u00a0<\/a>is closer to Central London and has traditionally been the stamping ground of media professionals and other creatives. More capital is needed if you want to invest here, but the scenic parks and top-performing schools around Hammersmith<\/a>, continue to attract the best and brightest.\u00a0Paddington\u00a0<\/a>is where the West End starts in earnest and the area around the Overground station has been smartened up in keeping with its pivotal role in the Elizabeth Line network. It\u2019s also another West London area that is bordered by historic canals and towpaths.<\/p>\n

\n\n\n\n\n\n\n\n
Area<\/strong><\/td>\nElizabeth Line station<\/strong><\/td>\nNew Development(s)<\/strong><\/td>\nJourney time to Central London (mins)<\/strong><\/td>\n<\/tr>\n
Hayes<\/td>\nHayes & Harlington<\/td>\nHayes Village<\/td>\nCurrent time 80
\nCrossrail time 22<\/td>\n<\/tr>\n
Southall<\/td>\nSouthall<\/td>\nThe Green Quarter<\/td>\nCurrent time 75
\nCrossrail time 20<\/td>\n<\/tr>\n
Ealing<\/td>\nEaling Broadway<\/td>\nFilmworks
\nDickens Yard<\/td>\n		Current time 23
\nCrossrail time 12<\/td>\n<\/tr>\n
Paddington<\/td>\nPaddington<\/td>\nWest End Gate<\/td>\nCurrent time 7
\nCrossrail time 2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Undiscovered best-value locations near Elizabeth line stations:<\/h2>\n