Fast new commuter routes are changing London's property map
Londoners are finding quick new commuter routes in good-value areas boosted by the city's tallest tower, reveals David Spittles
* Buyers are studying new transport routes and Tube lines to find up-and-coming areas
* Deptford is attracting a fresh generation of commuters with a new station being built
* Developers are finding space for homes along Regent's Canal which links King's Cross with Docklands in the east and Paddington in the west
Tube line extensions and the creation of an orbital train network around the capital are changing London’s demographics, allowing people to travel much shorter distances to and from work. Whereas in the past, a direct commute from the suburbs to the West End or City was typical, today’s homebuyers and renters are more likely to live and work within London.
Regeneration continues to change the property map and thrust up-and-coming areas into the spotlight, according to Jim Ward of Savills, whose research reveals “pockets of hidden value” waiting to be discovered. “New transport is the game changer — people are studying the new routes and Tube lines and picking places to live that were previously off their radar. To some extent, transport improvements have crept up on us, but people are now waking up to the benefits.”
London house prices: the average cost of buying a home in every borough