In case you haven’t heard (where have you been?), 2018 sees the launch of the Elizabeth Line, formerly known as Crossrail.
What does that mean for renters? Even more choice for areas to live, that's what. And more affordable rents - at least in the beginning. But where are the postcodes that previously might not have been so appealing simply because travel links were few and far between?
So without further ado, let’s get ready for London’s shiny new transport mode by looking at some of the areas you might want to live along the Elizabeth Line.
West Drayton, UB7
While West Drayton has always benefited from handy links to Heathrow Airport, accessing central London hasn’t been easy. The Elizabeth Line will see journey times to Tottenham Court Road, Farringdon and Bond Street slashed.
Initially, a sleepy town on the outskirts of London, the announcement of the Elizabeth Line has brought plenty of intrigue to the area. There are a plethora of new builds to help keep up with demand, while amenities come in the form of high street shops and local restaurants.
Rents certainly fall under the ‘affordable’ tag in West Drayton, although improved connectivity could well change that within 18 months or so. One bedroom properties average around £950 per month, two-bed homes command £1,385, and three beds fetch £1,500.
Abbey Wood, SE2
Over on the other side of London, in the South East, is Abbey Wood. The SE2 postcode is going through somewhat of a reimagining from a sleepy suburb to prominent, well connected town. The introduction of the Elizabeth line will provide trains into the West End in less than half an hour.
The area benefits from open spaces including wooded parts - hence the name. Cafe in the Woods in a popular stop-by for locals, while Plumstead High Street is nearby. Property isn’t the most diverse; however a selection of new homes has increased the range.
There aren’t too many places in London that can offer West End access in 25 minutes with average rents under £1,000. One bedroom properties average £960 per month, two beds fetch £1,160, and three beds achieve £1,320.
Despite the somewhat strange name (named after the custom house of Royal Victoria Dock), the east London area forms part of Canning Town and will enjoy a shiny new Elizabeth Line. The E16 postcode has seen plenty of regeneration and features many modern apartment blocks.
Ideally located for those working in the Canary Wharf and the City, Custom House already provides quick transport times thanks to the DLR. But the Elizabeth Line will bring even more connectivity, with direct route into Bond Street.
The average price of a one bedroom home in Custom House costs £1,370 per month, two-bed properties fetch £1,660, and three bedroom homes cost £2,200. It’s certainly an affordable alternative to Canary Wharf and Bank.
“You coming to the manor, mate?” Ok, so other than manor being London slang for ‘your home’, it also happens to be an area. And no, it’s not a house in the park. The east London area hasn’t had the best reputation in the past, but regeneration and new travel links are breathing a new lease of life.
The Elizabeth Line will take commuters to Bond Street in around 20 minutes. The E12 postcode is located in the borough of Newham and Romford Road offers a selection of independent shops and cafes with a local feel.
Rents in Manor Park are undoubtedly competitive - it’s possible to obtain a four-bedroom home for less than £2,000 per month. For those looking for something more, let’s say, compact, a one bedroom property will set you back £990 per month. Expect to pay in the region of £1,300 for a two bed and £1,670 for a three bed.
When the Pet Shop Boys sang, “Go West”, it’s hard to imagine they were talking about anywhere other than West Ealing, right? For peaceful vibes, West Ealing has you covered. Think good schools and well-presented houses, and you’ve got the picture.
The W13 postcode is popular with families, but also those who don’t want the hustle and bustle of Ealing Broadway. While the Broadway and South Ealing have tube stations, West Ealing features on made a train line. With the Elizabeth Line, however, connectivity will significantly improve.
Current average rents for one-bed homes fetch £1,250 per month, two beds garner £1,580, and three beds achieve £2,450. For families looking for five beds and up, expect to pay in the region off £3,000 per month.
The words ‘property hotspot’ has never rung more accurate than in Ilford, the inner East London town. And the Elizabeth Line is only going to excite even more. This town is very much for young professionals and provides a cosmopolitan vibrancy.
There are open spaces, local independents and the odd high street chain store if that’s your thing. Travel connections are already good, with trains to Liverpool Street taking around 20 minutes. The Elizabeth line will add better connectivity to central London.
Outside the town centre features many period properties from the Edwardian and Victorian era, while apartments pop up closer to the centre. One bed properties average £1,000 per month, two-bed homes average £1,290, while three beds achieve £1,630.
Cross the T’s and dot the I’s
There’s no doubt about it - The Elizabeth Line is going to dramatically change several of London’s areas that people have previously slept on. There is still around 10 months until the first line opens and, while some rents have increased due to anticipation, there are still many affordable properties.
If you’re thinking of finding a new home, it might be time to consider a postcode on the Elizabeth Line.