The property investment community continue to be interested in Crossrail and the capital growth expected in key stations along the route. Crossrail will open in 2018 and is a new cross London train route that stretches from Maidenhead in the west through central London and out to Shenfield, Essex and Abbey Wood south of the Thames. The line will run up to 24 trains per hour(tph) in the centre of London and 12 tph further out and journeys from West Drayton to Tottenham Court Road are expected to take 24 minutes. Combine frequency and speed, and you can see the charm of Crossrail! Stations are being extended to take the larger trains.
There is interest in West Drayton as a result. So what is of interest in the area close to the station? Development on RAF West Drayton, has provided high quality flats in the Parkwest development and some of these flats and aprtments are coming onto the market again.
- Such as a two bed on the market at £239,950 which should rent for around £1150 and give a gross yield of 5.7%
- Or a one bed at £166,500 which should let for £900 and generate a yield of 6.5%.
- There of course lots of new builds on the development, with new phases still opening.
Away from the new development there is plenty more good BTL stock in West Drayton, further north of the area there’s property which starts to get into walking distances of large local employer, Hillingdon Hospital.
To stick closer to the station, flats like Merrivale Mews on Tavistock Road are worth considering and if you like new property there’s another small development at Versatile House. This studio on Knowles Close which was worth getting more details on has received an offer close to asking.
Although I have talked about West Drayton, it shouldn’t be lost that Hayes and Harlington station will get an even better service from Crossrail as they’re ahead of the Heathrow spur.
