Elizabeth Line drives property hotspots in Essex

12th January 2018

Some areas of Essex have consistently attracted a premium because of their commuter credentials, especially Romford, Gidea Park, Shenfield, and Brentwood, which have fast, direct access to London Liverpool Street.

In fact, there's no better access into the City from any of the other Home Counties.

However, since works started in 2012, the Crossrail project has undoubtedly raised demand in those towns and caused the inevitable rise in house prices.

Latest Land Registry figures show that average house prices in Romford and Gidea Park have risen 46% over the last 3 years and 36% in Brentwood and Shenfield over the same period.

In Crossrail's latest report they reveal that the programme is now 87% complete. The last section of new track was laid at Whitechapel station in September enabling engineering trains to run the full length of both tunnels.

The Elizabeth Line will begin service through central London in December 2018, but the new rolling stock is already in use between the line's eastern hub at Shenfield and Liverpool Street.

Beresfords have recently contracted on an option deal for a client to a national developer on nearly 90 acres close to one of the local soon-to-be Elizabeth Line stations, with positive discussions already underway with the local planning authority.

*Image courtesy of Transport for London