WLR effects on property prices

WLR previously posted on the analysis of Romans, a local estate agent, on the property market in Windsor.

This post looks at their analysis on the effect that WLR itself will have.

Windsor and the surrounding areas contain some of the most exclusive and sought-after housing in the UK. The area’s popularity stems from its fantastic variety of property types, desirable town centre, excellent schools and location, less than a one hour drive from Central London. Average house prices in Windsor are currently just under £500,000, according to Zoopla, a 4.66% increase from just six months ago.

Carl Atkinson, Manager of Residential Sales at Romans estate agents in Windsor believes the Windsor Link Railway will be a great asset to the town: “This will almost certainly fuel further increases to property prices especially around the town centre.

“The demand for property in Windsor is rife at the moment and the popular Victorian terraces that are within walking distance of local train stations have already jumped anywhere from 7-12% more than what they were selling for in 2013.

“Windsor already offers some excellent communication links with the immediate road network connecting to the nearby M3, M4 and M25 motorways. But the introduction of the WLR will make this beautiful town even more attractive to commuters looking for more relaxing surroundings outside of London.”

WLR repeats that rising house prices are not a boon for everybody, especially if you still looking to get on the housing ladder. They are, however, a good indicator of relative standards of living that benefit all residents, homeowners and tenants.

More information here, including a good summary of the WLR scheme.

This article has also been reposted on PropertySecrets.