East Croydon station affecting Croydon property prices?
Late part of last year, Croydon Central MP Sarah Jones called on the government to provide an urgent £1 billion boost to rail infrastructure in south London. £1bn seems a bit overkill, but having spoken to a few people about this, it doesn’t seem that much for a railway overhaul.
East Croydon station has had a ‘bottleneck’, which is one of the main reasons for delays around East Croydon. Reading on the Croydon Guardian, ‘a major increase’ in funding has been announced, in connection with the Brighton Mainline.
According to research from The Guardian, East Croydon is the 17th most busy Station in the country. That’s pretty busy and had over 20 million journeys in 2011 – 2012.
What does this mean for the Croydon property market?
Well, with better infrastructure, less delays, more trains, more journeys, more people from Central London, more money, it can only really mean affordability will go up, and property prices will increase as demand increases. It’s really nice to know that money is being spent in Croydon, and I really do re-enforce what I have been saying since my first blog posts in 2014 – Croydon is a great place to buy property now. It won’t be in 4 – 5 years.
If you want to pick my brains on why I think Croydon is a good place to invest, or have a property you are thinking of selling / renting, feel free to get in contact – email@example.com.
image from: http://www.mel-lambert.com/