New line 'will make Forest Hill boom-spot'
A South-East London suburb could become a rental property boom-spot, as housing experts predict strong knock-on effects from improved transport links that will help the area feel more like part of the capital.
The Telegraph claimed that green and tranquil Forest Hill will soon benefit from the buzz of London commuting and higher demand for its property, once the East London Line extension is complete and running.
Forest Hill - in the borough of Lewisham - had much to gain from the revamp of the underground line, claimed the newspaper, with house prices likely to remain strong now that work has begun on the £1 billion East London Line project.
Polly Ogden, branch manager of Wates Residential, told The Telegraph: "There's no doubt that the lack of a Tube station has held prices back.
"Everyone's been talking about the East London line extension for years, but now that the rumour's turning into reality, there's a real buzz in the area."
Running from West Croydon to Dalston Kingsland and eventually Highbury and Islington in the north, the new line will allow Forest Hill residents easy access to Canary Wharf (via Canada Water), and the City, via Shadwell and the DLR.
Published 21st January, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Regents Park: Evergreen paradise
Living in London doesn't have to mean tolerating the daily urban upheaval and hustle and bustle of the centre. The capital caters for all tastes and those living around Regents Park will uncover a more rural part of the city, with a thriving community and an easy-going lifestyle. Read on for details of what this gorgeous part of town has to offer - besides leafy tree-lined streets and a sense of traditional Ye Olde England.
Read Article ... Published on 23rd May, 2013
Woodberry Down residents get say on £20k grant
Residents living on the Woodberry Down estate located in the London borough of Hackney are being asked for their opinion on the best way to spend a £20,000 grant, allocated with a view to improving healthy living in the area.
Read Article ... Published on 21st May, 2013
Westminster homes to benefit from big energy switch
Households in the London borough of Westminster will save a collective £80,000 a year through a new collective energy switching scheme, implemented by the council earlier this year in order to help residents deal with spiralling utility bills.
Read Article ... Published on 20th May, 2013
Lewisham celebrates apprenticeship scheme
The London borough of Lewisham was out with intent to party on Wednesday night (May 15th) with the community celebrating the success of more than 50 apprentices as part of its Apprenticeship Framework scheme.
Read Article ... Published on 17th May, 2013
Community heroes get Hammersmith & Fulham recognition
Unsung heroes residing in the London borough of Hammersmith and Fulham yesterday (May 15th) received their deserved recognition at a special celebration last night to honour special contributions to the community.
Read Article ... Published on 16th May, 2013
Ealing encourages apprenticeships with new scheme
Ealing council is taking a step towards helping local young people in need of a job throughout the London borough, with the advent of a new programme that will see local businesses encouraged to hire young people as part of its apprenticeship scheme.
Read Article ... Published on 15th May, 2013
Greenwich to host Tall Ships Regatta 2014
The Royal borough of Greenwich has this Sunday (May 12th) signed an agreement that will see the district play host to the first Tall Ships event in 25 years.
Read Article ... Published on 14th May, 2013
Knightsbridge: For luxurious living
Living in Knightsbridge offers luxurious living at its best. Despite humble origins, the district has become reputable for two things - firstly for being one of the two international epicentres of London (the other being the West End). And secondly, its array of affluent department stores including Harrods, Harvey Nichols and the plethora of elegant stores in Sloane Square and Beauchamp Place, have made it the envy of the world when it comes to shopping.
Read Article ... Published on 13th May, 2013
New Islington mayor promises fairer borough
The newly appointed mayor of Islington has pledged that the area will become a "fairer" place for all residents under his watchful eye.
Read Article ... Published on 10th May, 2013
Hammersmith housing project announced
People residing in the London borough of Hammersmith and Fulham could soon be seeing a lot of new faces around their local area, with the council having just approved one of the most ambitious housing projects in history for the district.
Read Article ... Published on 9th May, 2013
A south-east London suburb could become a rental property boom-spot, as housing experts predict strong knock-on effects from improved transport links that will help the area feel more like part of the capital.