Three transportation projects that could transform South London
South London is a bit of a transportation desert. While a spider web of commuter rail lines weaves through the communities south of the River Thames, the London Underground doesn’t go that far south, with the bulk of the system north of the river.
However, there are plans for new lines in the coming decade that could signal the revitalization of communities in the south of the city, and increase in property values too.
Where the Elizabeth Line (formerly Crossrail) will relieve congestion through central London, by connecting the east and west, work is progressing on the next major transportation project through the city. Crossrail 2 is envisioned to connect the southwest and northeast commuter towns via central London and three of the biggest stations in the city (Clapham Junction, Victoria, and Euston).
While faster travel is one of the main benefits of the line, new development and increased property values nearby are sure to follow. Crossrail 2 will also likely start construction of a Northern Line extension from Battersea Power Station to Clapham Junction.
Bakerloo line extension
Not planned to open before 2029, the Bakerloo line extension from Elephant & Castle to Lewisham is still hotly anticipated. The current terminus of the line will be redeveloped to be better for passengers and there is a chance that it could extend further to Bromley.
Property values are expected to spike up to 21 per cent along the route, especially once it is finalised by Transport for London, similar to the rise in value when the new Battersea Power Station extension was initially proposed. The extension could also unlock the development of up to 100,000 residential units.
Sutton tram extension
The communities of Croydon, Wimbledon, and Sutton are booming. With no London Underground or other major rail projects in sight to serve these growing communities, it’s possible that London’s light rail network, which currently connects Wimbledon to Croydon, could soon connect Sutton to the Northern Line at South Wimbledon or Colliers Wood.
While a bus option has been floated, communities in south London are adamant they want a tram extension. For property investors who may wish to invest in this area, light rail links have shown, around the world, to have a better return on investment than rapid bus routes.
If you’re looking to invest in London’s in-demand housing market, our award-winning sales team at Copperstones can assist you with all your questions and with buying and marketing property. To learn more, please contact us.
Please submit your enquiry and a member of our team will get in touch with you soon.