High-speed rail services will see house prices soar
PUBLISHED: 14:51 03 June 2009 | UPDATED: 10:44 23 August 2010
HOMES near Ebbsfleet International station are predicted to rise in value by a total of £1.6 billion when high-speed domestic services start. Known as the Ebbsfleet Effect , they are expected to increase in value by up to £30,200, or more than 14 per ce
HOMES near Ebbsfleet International station are predicted to rise in value by a total of £1.6 billion when high-speed domestic services start.
Known as the 'Ebbsfleet Effect', they are expected to increase in value by up to £30,200, or more than 14 per cent of their average current value, according to a new report.
Springhead Park, developed by Countryside Properties and Land Securities, is the first residential scheme at Ebbsfleet Valley and is linked to the station.
The report by transport consultancy Colin Buchanan and economic consultants Volterra said prices will soar when the new 17-minute service, from Ebbsfleet to London St Pancras, opens in December.
Katy Goodman, Development Manager for Land Securities, said: "Springhead Park isn't just another development of new homes; it stands apart from the crowd as its residents will benefit from major improvements to local facilities and infrastructure that will enhance the area, and in turn provide good investment potential that doesn't rely on an overall rising market."
The study of the economic impact of the rail line, High Speed 1, anticipates a £7.3 billion economic boost to Kent over 60 years, largely arising from journey time savings and regeneration along the route. Springhead Park provides a mix of one and two-bedroom apartments and two, three and four bedroom homes.
To find out more visit www.springheadpark.co.uk.