Why properties near Elizabeth line stations are sought after

London is gradually expanding in population, and to cope with the increase in people living in the City, along with the other key factors of balancing the cost of living expenses (like rent & utilities), travel times, and better living standards (new properties) are major concerns of both owner occupiers and tenants alike.

Rents in central zone 1 location may not be affordable for most tenants and therefore, the new Elizabeth line service which was opened in May 2022, with many seeing this as a transport upgrade, has been a game-changer to how people can live further with a lower rent rate, quick commute into the City (under 30 minutes) and in a new development where one can enjoy the benefits of a new home (energy saving features), and gain some savings at the end of the month.

CGI for park facing townhouse in Southall, 10 mins walk to Southall station.

Faster, easier & comfortable commute

Elizabeth line service aims to bridge out-of-London dwellers into Central London’s key business hubs with a huge reduction in travel times. For example, from Ealing Broadway to Bond Street stations, the Central line would take you 11 stops or 24 minutes, but with the Elizabeth line, it is only 2 stops or 14 minutes.

For locations that do not have a Tube station before, areas such as areas near Acton Main Line or Custom House stations in zone 3, Woolwich, Abbey Wood or Southall station in zone 4, this service have been a real game changer where you can be in Liverpool Street as quick as 17mins from Abbey Wood station, 20mins to Bond Street from Southall station, and 7mins to Paddington from Acton Main Line station.

CGI for Verdean in Acton, just 3 mins walk to Acton Main Line station.

Today, more than 500 million passengers use the Elizabeth Line every single day, commuting to schools, universities, offices, and for tourists, to iconic cultural & sightseeing landmarks (source: Transport for London).

As new residential properties within walking distance to tube stations are getting rarer to come by, finding one near an Elizabeth line service has seen an increase in demand, as these areas are able to cater to most new first-time buyers’ budgets or financial ability to acquire a new home. There is also a supply shortfall of new housing as developers are not building as fast as they could, as they navigate through the different challenges of construction cost and changes in building regulations requirements.

CGI for Reading Riverworks in Reading, just 3 mins walk to Reading station.

Rental demand & prices

Average house prices around the Elizabeth line stations have seen an increased demand and outperform their borough’s median price growth (source: The Standard, Rightmove), as the service increases not only the homes, but also commercial activities, employment opportunities and new amenities.

An analysis conducted by TFL showed that 378,000 new jobs have been created within one kilometre of Elizabeth line stations between 2015-2022 (source: Transport for London). It has also provided over 200,000 new office roles, opened 171 hotels, over 2,600 restaurants & cafés, and 12 new museums have emerged along the process (source: London Property Alliance).

CGI for Southmere lakeside development in Abbey Wood, just 10 mins walk to Abbey Wood station. Rental demand hotspot taken from rightmove.co.uk/press-centre/2149-2.

These new amenities surrounding the new Elizabeth line stations have seen a remarkable boost with people wanting to live in the area. According to research by Goodlord, the average rental prices of properties located near Elizabeth Line stations have risen by an average of 31% since May 2022, and in some areas this increment was up to 80% (source: UK Yahoo Finance, The Standard).

These are the average rent increases since the opening of the Elizabeth line service, according to available data:

• Bond Street & Tottenham Court Road: average increase is about 80%
• Acton Main Line: 28% increase
• Canary Wharf & Slough: 27% increase
• Woolwich: 40% increase
• Abbey Wood: 50% increase
• Reading: 26% increase

CGI of the new release of The Maltings at Horlicks Quarter, Slough, 7 mins walk to Slough station.

Join us this weekend on 20 – 21 Sept (Sat & Sun) to view developments from various London locations and developers that build along the Elizabeth line service stations. From West to East London, compare locations, prices, developments, opportunities, commute times, completion date, financing options and rental returns to make an informed decision.

CGI for The Broadley, 4 mins walk to Edgware Road station, 10 mins walk to Paddington station.

Properties available at these Elizabeth line stations:

Zone 1: Paddington, Farringdon, Liverpool Street
Zone 2: Canary Wharf
Zone 3: Acton Main Line, Custom House
Zone 4: Southall, Abbey Wood, Woolwich
Zone 5: Hayes & Harlington
Out of London: Slough, Maidenhead, Reading

London property advice clinic

If you are looking to acquire a property along the Elizabeth Line for investment or own use and have no clue on where to start looking, what prices to pay, build quality and more, register with us and have neutral conversations that will help you in your decision-making process.

We will also be hosting a sharing session at 2:30pm on both 20 – 21 Sept, where we provide a comparison on the difference in the rental market in London vs KL.

If you already own a property and would like to enquire about any of these services, do reach out for a chat or book a private appointment:

• Transfer of ownership
• Lettings & property management
• Furnishing & refurbishment
• Tax returns services for Malaysian owners
• Rent reform bill
• Average rents in different zones/areas in London

Register for KL showcase or book a private appointment.

Date: 20 – 21 September (Sat & Sun)

Time: 11am to 6pm

Venue: Hilton KL, Level 6, Accord Network room.