The TFL map is expanding as the London Tramlink becomes an addition, with new research discovering where exactly will benefit from these changes.
The London Tramlink turns 16 this year, and offers a fresher and less stressful form of transport in comparison with the tube.
Since 2000, millions of people living from Wimbledon to Croydon have been able to benefit from the tram, yet it’s taken until now for the London transport map to include it.
Boroughs which are linked via the tram system have managed to benefit from huge price increases thanks to improved transport links. In addition, the tramline has aided the building of new homes, helping to alleviate the sheer lack of housing supply across London.
Research Director at Hamptons International, Johnny Morris, has said that “property hunters are starting to pay closer attention to homes on tram lines”. He adds that “the tram is well used by commuters living on the outskirts of Croydon, Wimbledon and Beckenham to reach links into central London. These connections have encouraged developers to move into areas outside town centres. The number of homes built in Merton Park and Wandle park, two neighbourhoods served only by the tram, have increased rapidly.”
Interestingly, the latest research shows how homes found in the areas of the Tramlink have increased by an average price of 19% over the two years, and the borough to benefit next is Croydon.
Alongside huge regeneration projects, Croydon is set to benefit by improved transport links over the next five years. West Croydon has seen property prices increase by 30% to an average of £300,000, with housing averaging at £410,000.
These reasons are amongst many which have influenced Inspired’s decision to develop in Croydon, with us now owning Coombe Cross, Green Dragon House, Canius House, Surrey House and Impact House across the area.
Our apartments currently start at £284,950 in Croydon, and finished to the highest standard with designer interiors and the latest home technologies.
To find out more, please call the team on 0208 688 6552