Hi Everyone. So in this weeks property blog I’m talking about how infrastructure, and specifically Railway Station development can affect property. Please remember to like & subscribe to my page to track property trends, whether you’re a property investor, landlord or looking to sell your home.
- Infrastructure improvements can act as a catalyst for regeneration and new residential development. Major investment in the last decade has seen improvements to a number of rail stations. Some have been vital due to rapidly rising passenger numbers and others as a result of policies to spur economic development.
- Using the latest passenger data from all rail stations across Great Britain, we calculated which stations had seen the largest number of additional passengers over the last 10 years. St. Pancras in London recorded the largest increase at 28 million.
- Three non-London stations made the top 10: Birmingham New Street in 2nd place, Leeds in 7th and Liverpool Lime Street in 9th.
- The proportion of new build sales, out of the total sales in the location of the station, ranges from 93% for St Pancras, where regeneration meant the volume of new residential homes, led to the creation of a new postcode, to 11% in Euston which is yet to be regenerated. The average proportion of new build sales across England and Wales is 10%, showing that busy stations encourage and support new build development.
If you’re thinking of selling or renting your property, in the coming weeks or months, why don’t you do a FREE online valuation in readiness for your discussions with your estate/letting agent? https://valuation.coventrypropertymarket.co.uk
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Having been a Sales & Lettings Agent for 20+ years, I believe my knowledge and experience will be valuable to Coventry House Sellers and Landlords.
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