Prospect of Crossrail leads demand for new homes in and around Maidenhead
Posted 25 January 2016 by Keith Osborne
The Thameside town of Maidenhead in Berkshire has long been a popular option for London workers but since the Crossrail project linking east and west London was announced a decade ago, its property market has rocketed.
Crossrail’s promise of frequent and fast trains through the centre of London piqued the interest of owner-occupiers and investors alike to all the proposed stations. Maidenhead was originally planned to be the western terminus for the service, though this has subsequently moved to Reading, but property analysts at Jones Lang LaSalle predicted in January 2015 that property prices in Maidenhead would rise 46.1% by 2020.
When the service starts operating in full in 2019, Maidenhead’s refurbished and improved station will take four Crossrail trains an hour in each direction in addition to regular Great Western commuter services. The new service will shave five minutes off the journey to Reading, eight off the time to Paddington and around 20 minutes to the West End and City.
Currently, a monthly season ticket to London costs £282 and a yearly one £2,936, though it is likely that tickets eligible for Crossrail will carry a premium, as the do for High Speed services in Kent.
For drivers, too, Maidenhead is ideally placed – just a few minutes from the M4, around 15 minutes to the M40, 20 minutes from the M25 and under half-an-hour from Heathrow Airport. Swindon is about an hour’s drive away and Bristol around 90 minutes.
Maidenhead’s appeal, despite housing price rises, has led to a significant demand for housing. In October 2015, a Berkshire Strategic Housing Market Assessment (SHMA) report from the council revealed a need for over 2,000 new homes on average every year up to 2036 in East Berkshire, of which it suggested 712 would be provided by Maidenhead and Windsor. The council’s planners suggested current targets would only achieve two-thirds of the SHMA requirement.
Last year, a proposal was submitted for a £250m regeneration of Maidenhead town centre which would provide new homes alongside additional retail and office space, and improved town centre parking, to complement the expansion of the population.
New homes for sale in Maidenhead now or coming soon:
|Fiennes Park (Berkeley Homes) – Just a handful of homes are left for sale at this exclusive estate of 24 detached properties, with the remaining houses starting at £1.31m. The development is located in Woolley Green, just three miles from the centre of Maidenhead, within easy reach of a number of golf and country clubs. Find out more about Fiennes Park from Berkeley Homes|
|The Stables at Woolley Hall (Millgate) – The original stable block at Woolley Hall is being converted into a collection of five characterful three- and four-bedroom terraced homes, each retaining an abundance of original features. The properties are arranged over two floors and offer between 1,400 and 2,000 sq ft of living space, and views over the restored original summer house and cloister gardens. Prices from £825,000. Find out more about The Stables from Millgate |
|The Picturehouse at Chapel Arches (Shanly Homes) – This is the first phase of three at Chapel Arches, which will deliver 240 apartments as well as retail and leisure units alongside the rejuvenated waterways in Maidenhead’s town centre. The Picturehouse will be completed this autumn, with 40 one-, two- and three-bedroom apartments set over a 3,000 sq ft restaurant unit. Find out more at www.shanlyhomes.com ; 01494 685800|
|Whiting Rise (CALA Homes) – In the hamlet of Warren Row, just five miles west of Maidenhead and four miles from Henley-on-Thames, is this collection of high-specification four- and five-/six-bedroom, individually designed homes in a woodland setting. A show home is open from Thursday to Monday, 10.30am to 5.00pm. Prices start at £1.32m. Find out more at www.cala.co.uk ; 01628 703522|
Carlyon House (Braxton/Heronsbrook Homes) – The show home to this brand new development of nine apartments opened on 23 January. These one-bedroom properties are priced from £245,000, with four of them having the benefit of an extra study room. These properties are ideal for commuters and local workers, being within walking distance of the town centre and station. Find out more at www.braxtons.co.uk ; 01628 674234