Areas with a Crossrail station nearby have experienced an average property price growth of 70% over the last decade, with prices set to continue rising as homeowners reap the benefits of the new rail line, according to research by Benham and Reeves[1]. The latest, and final, phase of homes to launch at Barratt London’s New Market Place development in East Ham will provide a selection of one, two and three-bedroom apartments just over a mile away from Crossrail station, Manor Park.
The final apartments in Burges House and Priory House at the development on Myrtle Road are due to launch on 18th June and will bring 60 new first-time buyer and family homes to the area. All properties come complete with a private balcony or terrace as standard, and residents will be able to appreciate views across the Capital, with prices starting from just £327,000.
Homeowners will also have access to communal outdoor spaces, including a rooftop garden for those in Priory House or podium gardens for those in Burges House. Greenspace is not lacking in the surrounding areas either with award-winning Central Park just minutes’ walk away, where residents will be able to enjoy a dog walk or bike ride in the sunshine or stop for a bite to eat under the trees at the café.
Built on the site of the former East Ham Market Hall, the development itself will provide a range of on-site amenities including shops, cafés, and restaurants, High Street North, on the doorstep of the development, will offer independent and global shops, a local butchers, bakeries, and greengrocers, as well as well-known stores such as Primark and Sainsbury’s.
In addition to the Elizabeth Line, homeowners will be well connected via East Ham Underground Station which is just a short walk away and offers services on the District or Hammersmith & City Line to Canary Wharf in 17 minutes or Kings Cross in 31 minutes. There are also 455 cycle spaces on site, encouraging residents to consider more sustainable methods of travel.
Pam Reardon, Sales and Marketing Director at Barratt East London, comments: “The much anticipated opening of the Elizabeth Line has coincided well with the launch of our final phase of homes at New Market Place.
“The new rail line has always been a key selling point at the development, and now that buyers can experience its impact first hand before purchasing, we expect sales to increase rapidly. A large proportion of our previous buyers at New Market Place have been young professionals looking for easy commuter access to central London, and this new link will only boost those numbers further.”
