Berkshire house prices set for 20% rise thanks to Crossrail
A recent study commissioned by Crossrail has suggested that homes in Berkshire situated along the new £16 billion rail route could rise in price by up to 20% over the next 10 years.
The much anticipated Crossrail is set to deliver a high frequency, high capacity service to 37 stations linking Maidenhead and Heathrow in the west, to Shenfield and Abbey Wood in the east via 21 km of new twin-bore tunnels under central London.
The new rail link will bring an additional 1.5 million people to within 45 minutes commuting distance of London´s key business districts.
Jonathan Cranley, Sales and Marketing Director of Millgate, the Berkshire based award-winning luxury homes developer, comments:
“M4 corridor which lies at the heart of the new Crossrail route has established itself as a booming business hub as well as being a terrific place to live with easy access to Heathrow international airport, central London and the Midlands. I’m lucky enough to live in the area and although Crossrail will come with some initial disturbance, the end result will be hugely beneficial to the local communities.
“In line with this report, I fully expect to see the price of properties on or near Crossrail to rise in the coming years which is obviously good news for those thinking of buying today. One of our latest luxury country house developments located in the village of Bourne End is proving particularly popular due to its direct rail link to the Crossrail hub of Maidenhead, enabling residents to be in central London in under an hour.
“Available today from £2,800,000, these 6 bedroom detached family homes could be worth up to almost £3,500,000 within 10 years if the Crossrail report is correct in their assumptions.”
For more information about the homes in Bourne End visit Millgate on www.millgatehomes.co.uk or call 0118 934 3344 today.