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These are the 17 London locations where the Elizabeth Line has sent property prices soaring

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Elizabeth Line 2

London can often feel like a high-interest bank account for anyone who owns property in the city.

But home-owners lucky enough to live near stations on the Elizabeth Line – the new name for the Crossrail project which will open in 2018 – have seen the value of their properties soar even more than most.

Convenient transport links have always been a key factor in an area's house prices, but homes near Elizabeth Line stations have been given a particularly big bump. Homes near the line are up an average of £187,727 since work began on Crossrail in 2009, according to a report from property website Zoopla.

There will be 36 stations on the new line, so here are the top 17 locations which have seen property values increase the most in the last seven year, according to Zoopla's research.

17. Hayes and Harlington — Starting way out west, this quiet suburb is home to the London Motor Museum. But residents may prefer trains when they find out the Elizabeth Line has increased property value 51.3%, with the average home priced at £327,965.



16. Abbey Wood — This South East London area is just down the road from the magnificent Greenwich Park. But even more magnificent is the increase in property prices created by Crossrail: 54.86% for an average price of £274,952.



15. Farringdon — This arty, media-friendly part of London has seen a 54.87% rise in property values since May 2009. The average is price of a property is now £788,887.



See the rest of the story at Business Insider

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