Crossrail have recently outlined their development plans for Ealing Broadway station prior to services starting in 2019 (http://www.crossrail.co.uk/news/articles/crossrail-submits-plans-for-major-improvements-to-ealing-broadway-station)
The current timescale involves Ealing Council carrying out work at the end of 2013 and into 2014 on the station forecourt with work on the station itself expected to start in October 2015 and last for approximately 14 months.
A report commissioned last year by Crossrail predicted that, by 2021, property values around Ealing Broadway station alone can expect to have increased by 27 per cent - above the average rise for the London Borough of Ealing.
Commercial property consultants CBRE (http://www.cbre.co.uk/uk-en/news_events/news_detail?p_id=15905) have estimated that Crossrail will have a distinct or large scale impact on the property market in Ealing Broadway, Hanwell and Southall with an uplift in value in excess of 15% over the next five years.
This impact on property prices is due to the eventual cut in journey times of between 20 and 30 minutes into central London and Docklands when the new services start in 2019 as well as the on-going combined regeneration from commercial, residential and retail investment which Crossrail will bring.
Transport for London also announced last week that 2015 would see the introduction of a 24 hour tube service including overnight trains on Fridays and Saturdays on the Piccadilly (Heathrow branch) and Central (to Ealing Broadway) underground lines, with plans for it to expand over subsequent years. http://www.tfl.gov.uk/corporate/projectsandschemes/28868.aspx
With all these improvements to the transport infrastructure, it is hardly surprising that property prices are increasing so rapidly – after all it is a great place to live!
