Paddington is benefiting from Crossrail redevelopment and ongoing regeneration, which should enhance the area's appeal as a major residential destination. When the Elizabeth Line opens, Paddington will boast excellent transport links to other parts of London and beyond.
Paddington is set to receive a boost with the opening of Crossrail (the Elizabeth Line), turning it into one of the capital's 'best-connected areas' and enhancing its appeal as a residential destination in central London.
Paddington is benefiting from ongoing regeneration as well as the coming of the Elizabeth Line, and there is potential for it to become a sought-after residential area on a par with nearby Bayswater or Marylebone.
All eyes are on the Paddington Waterside project and Paddington Quarter, where new bars, shops, cafes and restaurants are opening, bringing new jobs to the area.
Paddington has often lost out to its residential neighbours, struggling to attract buyers, but that may be about to change.
Paddington Station and its surrounding area are undergoing regeneration work, while the opening of the Elizabeth Line will further improve transport links.
Simon Howard, Sales Director for property developers Berkeley Homes, said: "Paddington and the wider area, including Marylebone, provide an attractive option for buyers, and Crossrail’s imminent arrival will only serve to strengthen this."
Howard continued: "The new Crossrail station at Paddington will make it one of the best-connected areas in the capital, which will naturally have a positive impact on both property value and demand."
The Elizabeth Line is due to open at Paddington in December 2018, when services will run through central London and terminate at Abbey Wood. The route will open fully from December 2019, providing direct links to Heathrow and multiple other destinations across London and beyond.
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