Crossrail helping to keep Maidenhead properties in demand

Crossrail helping to keep Maidenhead properties in demand

James Preston

Crossrail helping to keep Maidenhead properties in demand

The wide-ranging impact of Crossrail has been cited as one of the key reasons why Maidenhead is becoming an increasingly in-demand place to live.

Estate agents in the town have also pointed to improvements in the town centre, the Chapel Arches scheme and the town's transport links with London as reasons why it is attractive to investors.

But they said homeowners have also been keener to hang on to their properties, taking a longer term view of what the future holds for the town and the market.

Andrew Newell, assistant manager at Romans, in Queen Street, estimated house values have gone up about 10 per cent in the past year.

He said a three-bed property in Harrow Lane had sold in 2012 for £442,000 but sold again this year for £495,000.

He added: "If you have got some money in London or the South-east, you have got to find a reason to invest in an area. Crossrail goes a long way to answering that."

James Robinson, branch manager at Haart, in Queen Street, has seen a similar increase, and said a three-bed semi-detached house in Larchfield which could previously expect to fetch £240,000-£250,000 can now sell for £275,000 and up.

With Crossrail and links to London high on the priority list for many investors, homes near to the train station are among the most in demand.

Eddie Robinson, of Robinson Estate Agents, said: "I think certainly most houses in desirable areas have increased in value over the past year.

"We are seeing demand at properties close to the station and certainly within a 10 to 15 minute walk from it."

Agents have also pointed to a more optimistic feel both from consumers and within Maidenhead itself.

Matthew Wilkinson, of letting agents Wilkinson Estates, in High Street, said: "I think the town centre is getting better slowly but surely. It's got a much more positive feel about it."

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