Harringay online

Harringay, Haringey - So Good they Spelt it Twice!

With the Crossrail 2 consultation ending on January 8 and the related proposals for the redevelopment of Wood Green just published by the Council, interest in the local impact of Crossrail 2 is running high.

One of the issues that seems to be emerging is the effect that proposed line will have on local property values - and yes there's an upside and downside to this, depending on your perspective.

Publications great and small having been playing the Crossrail property prices game with the first line for many years. It's now beginning with Crossrail 2. 

In November, City AM appeared to be claiming something like a 20 to 30% increase in prices near Crossrail 2 stations. This is consistent with the figures attributed to the impact of Crossrail 1. 

Last summer, the Evening Standard was more specific about the impact of Crossrail. It said that the impact was limited to property within walking distance of the new stations.

If the Standard is right, and I suspect that it is probably more right than wrong, the exact choice of route for the railway may have a significant impact on property prices in Harringay. Till recently it seemed that Turnpike Lane would figure in the route. However, the Council's intervention in backing a new route towards the north of the borough would take Harringay out of walking distance. 

Whether this is a god thing or bad will depend on your perspective. Either way it's not too late to add your voice to the soon-to-close TfL consultation. To have your say, click through to the consultation main page or go straight to the questions (If you're only interested in this part of the consultation, you need do no more than answer four questions and give your name.

Tags for Forum Posts: crossrail 2

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Something needs to take pressure off of the Piccadilly Line. In rush hour it's impossible to get on some trains at Turnpike Lane and even worse at Manor House. With the presumed influx of commuters to Tottenham using the Victoria Line it won't be as straightforward to change at Finsbury Park (lots of people do) and so then the people within walking distance of Arsenal, Holloway Rd and Caledonian Rd will not be able to use the tube at peak times (And this has had a braking affect on their property prices? Really?).

Crouch End is miles from the tube, has that negatively affected house prices there?

I don't buy this. I think the ten years they take to build the thing will have more of an impact than when it's finished and that won't be a good impact.

Looking around some of the Crossrail 1 stations on Rightmove I think the difference in increases between places a 5 minute walk away and a 10 minute walk is 10%.

Its well past time for a Picadilly line upgrade, I wouldnt be suprised if TfL have that pencilled in to coincide with Crossrail 2 works , to maximise disruption. It should be possible to do this fairly quickly to a higher quality than say the Victoria line. 

I believe that Wood Green is on the newer proposed 'pink route' between New Southgate and Seven Sisters. I asked the young lady at one of the exibit stands where the new Wood Green station would be and the reply was "somewhere near the library". If it goes ahead, I wonder if that whole mall will be redeveloped for the station, or will they utilize some of the open ground between the mall and Morrisons, will they tunnel to Wood Green and beyond from the main lines under Ally Pally?.

The young lady was a little surprised when I told her about the closed Palace Gates line, of which the route they are now proposing roughly follows.

 

A lot of the price rises on cross rail one happened in the first few years after the announcement. This phenomenon may get quicker for cross rail 2 as people learn from previous experience.

... And is if by magic ....

Tonight's evening standard said that Turnpike Lane enjoyed the largest increase in any London area in the last twelve months ( something like 28%).

http://www.standard.co.uk/news/london/selling-up-home-and-moving-in...

Although knowing the standard they've probably confused asking prices with real price rises.

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