With the official opening date for the Elizabeth Line having been announced as 24th May, Crossrail stations will provide easy access to central London for individuals keen to get on the property ladder for an affordable price, but where is the most affordable?

Data from, Share to Buy, the UK’s leading online portal for Shared Ownership and Help to Buy properties, has revealed the average property price in various hotspots along the Elizabeth Line and the % growth in average property prices since 2018/2019.

Listed below are several affordable options, with easy access to the Crossrail, to enable first-time buyers to purchase their first home in an area that allows a quick commute to the office.

 

Station: Abbey Wood

Homes near to Abbey Wood have seen an 82.26% growth in average property prices since 2018/2019. With the average property price now £423,759, the Southmere by Peabody development is offering individuals a more affordable opportunity to buy their home, with options for Shared Ownership and Help to Buy. Located a 10-minute walk from Abbey Wood station, residents will have easy access to Central London with the opening of the Crossrail later this month.

A new collection of 1,2- and 3-bedroom apartments are available with Shared Ownership and Help to Buy, Southmere is one of the first milestones in Peabody’s ambitious regeneration of Thamesmead, a 30-year project delivering over 500 homes as well a public square with a community library, shops, and resident facilities.

Prices start from £91,500 for a 30% share of a one-bedroom apartment (FMV: £305,000), £118,500 for a 30% share of a two-bedroom apartment (FMV: £395,000) and £160,500 for a 30% share of a three-bedroom apartment (FMV: £535,000)

 

Station: Whitechapel

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Considering Whitechapel’s 12.16% growth in property prices since 2018/2019, L&Q at The Silk District is offering purchasers an opportunity to buy their home with Shared Ownership. The development is located a 6-minute walk from Whitechapel station, making it easy for those who commute to offices in Central London and beyond.

L&Q at The Silk District is an attractive collection of new one- and two-bedroom Shared Ownership apartments set to benefit from increased transport connects via the new Elizabeth Line. The new homes are centred around an attractive communal green space, with each apartment also providing access to a private balcony or terrace. Residents at L&Q at The Silk District will enjoy access to a fantastic array of on-site facilities, including a private gym with Technogym exercise equipment, peloton spin studio, residents’ cinema and 24-hour concierge service.

Prices at L&Q at The Silk District start from £124,375 for a 25% share of a one-bedroom Shared Ownership apartment (FMV: £497,500) and £140,625 for a 25% share of a two bedroom Shared Ownership apartment (FMV: £562,500).

 

Station: Acton Main Line

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As the average house price for homes surrounding Acton Main Line has risen to £494,850, a 19% growth since 2018/2019, affordable homes for first-time buyers are difficult to come by. Offering Shared Ownership apartments, and easy access to the new Crossrail from Acton Main Line, L&Q at Acton Gardens is an excellent choice for young professionals commuting to Central London.

Located a 10-minute cycle from Acton Main Line, L&Q at Acton Gardens forms part of award-winning regeneration of the South Acton Estate, delivering a collection of two- and three-bedroom Shared Ownership homes. One of the largest regeneration projects in London, the neighbourhood-friendly design places community integration at the forefront, delivering a wide range of public facilities for residents – including several communal gardens, a new sports ground, and a shopping plaza. The homes themselves have been designed to be energy efficient, each apartment at L&Q at Acton Gardens is fitted with solar panels and there is an on-site energy centre which will supply some of the development’s heat and power – reducing residents’ carbon footprint.

Shared Ownership prices at L&Q at Acton Gardens start from £133,125 for a 25% of a two-bedroom apartment (FMV: £532,500) and £155,625 for a 25% share of a three-bedroom apartment (£622,500).

 

Station: Southall

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The local area around Southall Station has experienced a 9.45% growth in average property prices since 2018/2019. However, ARRO in Southall by Catalyst is an affordable solution for individuals keen to be close to the quick transport connections that Crossrail will bring. The collection of 186 Shared Ownership apartments in Southall, available to purchase fully furnished and professionally interior designed, is just a 10-minute walk from Southall Station.

At the heart of the development is Central Gardens, a new neighbourhood park that will stretch 500m in length – providing the equivalent of four football pitches worth of green space and over 250 trees. The park will feature a new playground and an impressive water feature for residents to enjoy.

The final studio apartment at ARRO is priced at £66,875 for a 25% share (full market price £267,0500).

 

Station: Burnham

With an 11.70% increase in average property prices in the last few years, Burnham Court by Chancery Homes is an excellent option for those looking for a less urban home, while being a 5-minute drive from Burnham station. Offering contemporary living in one of Buckinghamshire’s best-connected villages, the mid-market brand from pioneering luxury developers Octagon Developments, comprises 58 brand new homes.  A collection of one- and two-bedroom apartments are available to purchase through the Help to Buy scheme.

 

Prices for apartments start from £277,500 (available through Help to Buy) – £340,000