Higher demand and improving transport links fuel house building in the area

The north east area of Greater London comprising parts of Essex, such as Chadwell Heath, are seeing increasing housing development in response to the rising demand for properties within easy reach of the capital.

Best of both worlds and transport

People priced out of more central London areas and those looking for the ‘best of both worlds’ in terms of living where greener spaces aren’t too far away, yet within easy reach of the city, are looking at the Romford and Chadwell Heath areas for a suitable property.

Improving transport links such as Crossrail has stimulated demand to the point where property prices have increased by double the rate of other London boroughs in the past year.

Chadwell Heath as a place to live

Chadwell Heath appeals to older and younger people stated within many demographic surveys.

There’s much to commend Chadwell Heath; while it’s close to Romford, the railway station is within the Redbridge district and some of the adjacent streets are located in the Dagenham and Redbridge catchment.

Shopping, leisure and entertainment – nearby Romford, easily reached from Chadwell Heath, has the fourth largest retail centre in London, and there’s plenty of nightlife along with eating and drinking options.

Recreational – green spaces are also near at hand considering how generally built up the locality is; for instance, St Chad’s Park offers some tranquility but is easy to access being very close the railway station.

Transport links

The area is well served for road and rail:

Rail links including Crossrail

In general, whenever transport links – especially rail – are improved, it can result in property demand increasing as it makes it easier for people, particularly commuters, to get from A to B.

The rail network is already good in the Romford and Chadwell Heath areas with both areas having a mainline station and reasonable access to the London Underground, but Crossrail will make a huge difference.

This transport facility will link these areas of Essex all the way across London out to towns such as Reading to the west of the capital and speed up links to major rail terminus and airports such as Heathrow. The eastern section of Crossrail uses the existing rail infrastructure from Shenfield to Stratford.

Chadwell Heath is on the Crossrail link; the current station is subject to considerable investment to accommodate this new rail infrastructure.

As a result, estate agents in Chadwell Heath are fielding more enquiries from interested buyers and helping them find a property from the existing and new housing stock in the area.

Road

The nearby A12 links Essex with East Anglia, and the nearby junction with the M25 puts the capital and three major airports within reasonable reach by road.

Up and coming location

While Chadwell Heath and the surrounding area generally makes for an increasingly easy commute into the capital, the location itself isn’t just a dormitory for London workers. Local authorities serving the area have put in place many initiatives to encourage new businesses and medium sized enterprises to set up shop with the availability of specific start up premises.

It’s not all business and commuting either; considerable encouragement, particularly from Barking and Dagenham Council, has been given to arts practitioners with hubs being set up in converted buildings and others.

A growth area

Demand can only increase in Chadwell Heath, and development – especially near to the revamped Crossrail station facilities – is set to ramp up over the following years.

 

Description:

What is stimulating the housing development in the Chadwell Heath area including improved transport links especially Crossrail so increasing demand.

Websites:

https://www.whathouse.com/todays-new-homes/crossrail-regeneration-new-homes-in-romford-gidea-park-and-chadwell-heath/

https://www.homesandproperty.co.uk/property-news/buying/house-prices-2018-east-london-property-outstrips-rest-of-capital-a119626.html

https://www.homesandproperty.co.uk/property-news/top-10-property-hotspots-where-asking-prices-increased-the-most-in-2018-a126906.html