PDA

View Full Version : What impact is Crossrail having on house prices?



Martin@AS Financial
28th October 2016, 10:22
(From Nationwide Building Society)

Key points:

- Areas on the west side of the route have seen much stronger than average rates of house price growth since the announcement of the project

- Slough and Reading have been the top performers

Full report here:

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Crossrail_special_report.pdf

Old Greg
28th October 2016, 12:54
(From Nationwide Building Society)

Key points:

- Areas on the west side of the route have seen much stronger than average rates of house price growth since the announcement of the project

- Slough and Reading have been the top performers

Full report here:

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Crossrail_special_report.pdf

What decrease have they seen since the referendum in USD and EUR terms?

vetran
28th October 2016, 12:57
Slough top of something you say?:smile

Moose423956
28th October 2016, 13:36
(From Nationwide Building Society)

Key points:

- Areas on the west side of the route have seen much stronger than average rates of house price growth since the announcement of the project

- Slough and Reading have been the top performers

Full report here:

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Crossrail_special_report.pdf

Maidenhead (between Slough and Reading) not doing too badly. Saw a 3-bed terraced house on the market the other day for £550k. Nearly fainted.

squarepeg
30th October 2016, 18:13
Maidenhead (between Slough and Reading) not doing too badly. Saw a 3-bed terraced house on the market the other day for £550k. Nearly fainted.

Dunno about Slough, but having lived in Reading I can say it's not a place you want to live in if you have to commute to London. Crossrail or not. Yet the property prices are on the ridiculous London levels for some reason. It ain't Kensington...

vetran
30th October 2016, 18:19
Dunno about Slough, but having lived in Reading I can say it's not a place you want to live in if you have to commute to London. Crossrail or not. Yet the property prices are on the ridiculous London levels for some reason. It ain't Kensington...

as with all areas some are rank, however there are some lovely areas in and around Reading. Just as there are around Surrey & Slough.

shaunbhoy
30th October 2016, 19:18
What decrease have they seen since the referendum in USD and EUR terms?

Fairly sure the proportion of people purchasing homes in Berkshire etc. using either USD or EUR is of fairly low volume.

HTH

:laugh

scooterscot
30th October 2016, 22:05
I'm guessing not near as much impact as QE or 'help to buy.

GB9
30th October 2016, 22:20
I'm guessing not near as much impact as QE or 'help to buy.

You guess loads of economic stuff and as usual, get it wrong.

ChimpMaster
31st October 2016, 14:13
Slough has been a good ride and is still undergoing significant regeneration with huge amounts of investment around the town. I'm pretty sure much of Slough residential property is up well over the touted 60% since 2010/11.

And I think there's more gains to be had in the area. Slough is still somewhat of a hidden gem - depending of course on how you view such areas.

vetran
31st October 2016, 14:39
Slough has been a good ride and is still undergoing significant regeneration with huge amounts of investment around the town. I'm pretty sure much of Slough residential property is up well over the touted 60% since 2010/11.

And I think there's more gains to be had in the area. Slough is still somewhat of a hidden gem - depending of course on how you view such areas.

There are still areas that are very scary but overall it has improved in the last 20 years. The only problem left is seems the council is determined to make it permanently grid locked. Million Pound semis abound in the area by the way.

The villages have always been pleasant. I must admit we tend to shop in much nicer surrounding areas such as Windsor, Amersham, Maidenhead or Uxbridge but sometimes Slough is the best option.

ChimpMaster
31st October 2016, 14:52
There are still areas that are very scary but overall it has improved in the last 20 years. The only problem left is seems the council is determined to make it permanently grid locked. Million Pound semis abound in the area by the way.

The villages have always been pleasant. I must admit we tend to shop in much nicer surrounding areas such as Windsor, Amersham, Maidenhead or Uxbridge but sometimes Slough is the best option.

Slough shopping area is pretty awful and could do with a kick up the backside. Hopefully it'll happen as regeneration around the station and Curve moves inwards through the pedestrianized area.

Haven't noticed any million £ semis in Slough itself - but the closest is Upton Court area I guess?

Bought a place near one of the previously 'scary' roads and am doing it up to multi-let. It's a 7 minute walk to the Crossrail station so have bought for that reason.

You're right about the villages.. Datchet and Wraysbury are beautiful places to live/drive through, much more than Windsor/Uxbridge etc because they're not congested like those towns.

scooterscot
31st October 2016, 15:01
You guess loads of economic stuff and as usual, get it wrong.

Uh huh

vetran
31st October 2016, 15:06
Slough shopping area is pretty awful and could do with a kick up the backside. Hopefully it'll happen as regeneration around the station and Curve moves inwards through the pedestrianized area.

Haven't noticed any million £ semis in Slough itself - but the closest is Upton Court area I guess?

Bought a place near one of the previously 'scary' roads and am doing it up to multi-let. It's a 7 minute walk to the Crossrail station so have bought for that reason.

You're right about the villages.. Datchet and Wraysbury are beautiful places to live/drive through, much more than Windsor/Uxbridge etc because they're not congested like those towns.

Not in Slough itself but in Slough postcode which is a pretty big area.

There are a few on the Bath Road, Langley Road, Beaconsfield road and just hidden out of the way a mile or so from Slough central. Some friends own huge mansions in the area it could be Surrey.

Datchet & Wraysbury flood so avoid if buying.

Burnham is much loved in the west and Iver in the East.

ChimpMaster
31st October 2016, 15:47
Not in Slough itself but in Slough postcode which is a pretty big area.

There are a few on the Bath Road, Langley Road, Beaconsfield road and just hidden out of the way a mile or so from Slough central. Some friends own huge mansions in the area it could be Surrey.

Datchet & Wraysbury flood so avoid if buying.

Burnham is much loved in the west and Iver in the East.

Looks like we're neighbours :smile

Some areas flood but very infrequently and nearly all houses are built above the flood level (by law). You get a lot more for your money in Wraysbury/Horton for example than you would in Gerrards Cross or Farnham Common. The trade off is dealing with roads and gardens flooding once every hundred years ... according to the environment agency, more like 3 times these past 100 years though.

Did you know about the Lower Thames Flood Alleviation Scheme? It's an extension of what protects Maidenhead etc. The extension will protect Datchet, Wraysbury, Teddington and all the villages in-between.

So areas like Wraysbury look like a great buying opportunity right now, before prices shoot up to match with surrounding areas like Gerrards Cross, Beaconsfield, Sunningdale etc.

vetran
31st October 2016, 16:12
Looks like we're neighbours :smile

Some areas flood but very infrequently and nearly all houses are built above the flood level (by law). You get a lot more for your money in Wraysbury/Horton for example than you would in Gerrards Cross or Farnham Common. The trade off is dealing with roads and gardens flooding once every hundred years ... according to the environment agency, more like 3 times these past 100 years though.

Did you know about the Lower Thames Flood Alleviation Scheme? It's an extension of what protects Maidenhead etc. The extension will protect Datchet, Wraysbury, Teddington and all the villages in-between.

So areas like Wraysbury look like a great buying opportunity right now, before prices shoot up to match with surrounding areas like Gerrards Cross, Beaconsfield, Sunningdale etc.

I hadn't realised that. hmm. A flood free Wraysbury would be very nice.

Loved the way a friend dealt with it. she has a boat and she moved into it for the Olympics to rent her house out for the rowing. She then swapped to the boat when her house flooded.

BrilloPad
31st October 2016, 16:15
Maidenhead (between Slough and Reading) not doing too badly. Saw a 3-bed terraced house on the market the other day for £550k. Nearly fainted.

Is that due to their MP becoming PM?