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The Crossrail 2 Catalyst: how Battersea will benefit

Crossrail 2 was officially given the green light this March, and with it, a wealth of even more growth potential in Battersea and close property ally Clapham.

Crossrail 2 was officially given the green light this March, and with it, a wealth of even more growth potential in Battersea and close property ally Clapham.  

Property prices and jobs are tipped to soar

While all eyes are diverted to how London neighbourhoods along upcoming Crossrail will benefit, the vital north-south railway across London will be a catalyst for the generation of 200,000 new homes, 200,000 new jobs and a multi-billion pound injection to the economy. At its heart will lie a new station at Clapham Junction: one of the busiest rail stations in Europe. Anticipated Crossrail areas, for example Whitehall just a 30 minute drive away from Clapham to the north, have experienced property price surges, and Crossrail 2 is tipped to follow this trend. The announcement this March has certainly given property investors serious consideration.

Crossrail 1 - the Elizabeth Line - prompted the construction of £57,000 properties along its stretch, but the Mayor’s office has given an estimation of 200,000 new builds along its later but significant sister line. The development of a new transport line in an area is one of the biggest triggers for change, both economically and socially.

5-bed property, MYSORE ROAD, SW11

A strong commuter belt

Up to 30 trains per hour across London and through to Hertfordshire and Surrey will create one of the strongest commuter belts in the south. Journeys from Clapham Junction to Victoria and Waterloo, which already take just eight and nine minutes respectively, will both reduce in time on the newly completed Crossrail 2.

Battersea and nearby Clapham are in the midst of the biggest housing push since the eighties, with the former in the grip of a £8 billion redevelopment project that includes properties within the iconic power station.

Following the approval in March, former transport secretary Lord Adonis emphatically called for the development, which will open at a time when the London population will swell to more than 10 million: “There is no good reason to delay. Crossrail 2 will help to keep London moving, create hundreds of thousands of homes and fire regeneration across the city from north-east to south-west. We should get on with it right away and have the line open by 2033.”


2-bed property, LEATHWAITE ROAD, SW11

Investment potential

Since the Crossrail 2 interim report in 2013, property prices in Battersea have soared by 32.35%. Even at the mere mention of a large-infrastructure project with the profitable characteristics of Crossrail 1 - which has already added an estimated £5.5 billion to property values along its route - speculators set their sights on prime Battersea land, while homeowners and buy-to-let investors tallied up potential gains.

The project will follow on from the extension to the Northern Line to Battersea in 2020, making the area one of the best connected places for work and play in the city. Interested parties will join the action at each stage of development, from speculative investor interest from its early proposals, to conservative investors and homebuyers nearer completion. However, as house prices north of the river continue to grow, the question is why wait? Given the great need for Crossrail 2, winners in the property market along its path will be great, and its impact in Battersea will be huge.

Talk to us today on +44 (0) 20 7228 9265 to discuss your property interests in Battersea, or email us at battersea@winkworth.co.uk for more information.

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