News
Shared ownership: Hanwell, in
west London, is an affordable
Ealing “village” set to gain from
the Crossrail effect on house
prices
A Crossrail station on the doorstep, all the green space you could wish for and a promising café culture — the most surprising thing about Hanwell, in the busy and popular borough of Ealing, is why more people aren’t buying in this relatively affordable corner of west London. This summer, first-time buyers can bag a share in a new flat in Hanwell, just a couple of miles from Ealing Broadway’s great shops, for less than £85,000. “People don’t talk about Hanwell because Ealing got all the hype when Crossrail was announced,” says Krishnan Beri, sales marketing manager at Dexters estate agents. “Part of the reason might be that it doesn’t have a Tube station. There is a pretty good train station, but without a Tube, people overlook it.” First-time buyers smart enough not to overlook the W7 postcode will find plenty to like about the area, such as walks along the towpath beside the Grand Union Canal, stopping off for a pint and/or a Sunday roast at The Fox pub, or hanging out in one of the independent cafés, pubs and restaurants in the streets around the clock tower in “Old Hanwell”. Locals like to call the area a village, and it is certainly leafy, but heavy traffic along Boston Road and Uxbridge Road keep things urban, and there are still more discount supermarkets than artisanal coffee joints. It may be under the radar, but over the past year the area’s average selling price passed the £500,000 mark, making it a non-starter for many first-time buyers. But a new option is to buy a share of a home in Hanwell at Alton Court by developer Broadway Living, the latest phase of a reboot of the Copley Close estate. A 25 per cent share of a one-bedroom flat will cost £84,750, and buyers must budget for monthly rent of £582.66 and mortgage repayments. A 25 per cent share of a two- bedroom flat starts from £98,750 and owners will pay £678.91 a month in rent for the portion of the flat they don’t own, plus mortgage costs. Service charge ranges between £1,500 and £1,800 per year, depending on the size of the property. Alton Court’s future residents will have plenty of commuting options.
The development is about a mile north of
the centre of Hanwell — that means the
new Crossrail station, which opens next
year, is 20
minutes’ walk
away.
Or they could
take the train
from Castle Bar
Park station,
less than five
minutes’ walk
from front
door to
platform.
Trains from
Castle Bar Park
to Paddington
take 22 minutes, and from there you’ll
soon be able to hop aboard direct
Elizabeth line trains to the West End and
City. An annual season ticket costs £1,276.
Hanwell has plenty of useful local shops,
so you won’t lack for a latte, but for
evenings out the best nearby options are
the bars and restaurants of Ealing
Broadway.
For lazy Sundays a late brunch in one of
Pitshanger Lane’s independent cafés, a
mile to the east, is a good starting point.
Follow that up with a stroll through
Pitshanger Park, then try one of its
neighbourhood restaurants, and, should
you have the energy, an investigation of
the very good wine list at Harrison’s is as
good a way to end the week as you’ll find.
WHAT ELSE CAN I BUY?
Such is the power of Crossrail that even in
a difficult market, locations along its
Elizabeth line route are still seeing house
price rises in advance of next year’s
opening. Latest figures from Rightmove
show current average selling prices in the
W7 postcode at just over £545,000, up
from £491,000 a year ago. Just five years
ago an average home in this west London
neighbourhood was less than £330,000.
Property in Hanwell is a mix of Victorian
and Edwardian terraces, plus small
pockets of more modern property. With a
budget of £500,000, first-time buyers
could take their pick of either style.
Sinton Andrews is selling a two-bedroom
garden flat in Lawn Gardens, with a share
of the freehold of the period house. Offers
from £450,000.
Doyle Sales & Lettings has a roomy 864sq
ft two-bedroom flat with balcony in a
modern block in Dock Meadow Reach, less
than half a mile from Hanwell or West
Ealing stations, for £499,950
For the average London first-time buyer
price, currently about £410,000, you could
pick up a good-size one-bedroom flat.
Robertson Smith and Kempson has one in
Boston Road for £399,950, while Thorgills
has a one-bedroom maisonette in
Cumberland Road for £385,000.
Property in
Hanwell is a
mix of
Victorian
and
Edwardian
terraces,
plus small
pockets of
more
modern
property.
Less than £85,000
buys a share of a
new flat in
Hanwell W7, an
area that comes
with Crossrail,
shops and café
culture.
© 2015 The Lemon Tree Company.
All rights reserved
the
+44 (0)7761 015 014 (UK)
+44 (0)7911 710 456 (Channel Islands)
This article first appeared in the ES Homes&Property
Magazine - 24th August 2017
STOP PRESS!
Not to be missed. A rare rental
opportunity.
MON CACHET
CASEL, GUERNSEY
OPEN MARKET, Cat D
From £1,300 per month -
double en-suite bedrooms
together with spacious living
rooms throughout. The
beautiful landscaped garden
and pool offer quiet and
relaxing outside areas.
News
Shared ownership: Hanwell, in
west London, is an affordable
Ealing “village” set to gain from
the Crossrail effect on house
prices
A Crossrail station on the doorstep, all the green space you could wish for and a promising café culture — the most surprising thing about Hanwell, in the busy and popular borough of Ealing, is why more people aren’t buying in this relatively affordable corner of west London. This summer, first-time buyers can bag a share in a new flat in Hanwell, just a couple of miles from Ealing Broadway’s great shops, for less than £85,000. “People don’t talk about Hanwell because Ealing got all the hype when Crossrail was announced,” says Krishnan Beri, sales marketing manager at Dexters estate agents. “Part of the reason might be that it doesn’t have a Tube station. There is a pretty good train station, but without a Tube, people overlook it.” First-time buyers smart enough not to overlook the W7 postcode will find plenty to like about the area, such as walks along the towpath beside the Grand Union Canal, stopping off for a pint and/or a Sunday roast at The Fox pub, or hanging out in one of the independent cafés, pubs and restaurants in the streets around the clock tower in “Old Hanwell”. Locals like to call the area a village, and it is certainly leafy, but heavy traffic along Boston Road and Uxbridge Road keep things urban, and there are still more discount supermarkets than artisanal coffee joints. It may be under the radar, but over the past year the area’s average selling price passed the £500,000 mark, making it a non-starter for many first-time buyers. But a new option is to buy a share of a home in Hanwell at Alton Court by developer Broadway Living, the latest phase of a reboot of the Copley Close estate. A 25 per cent share of a one-bedroom flat will cost £84,750, and buyers must budget for monthly rent of £582.66 and mortgage repayments. A 25 per cent share of a two-bedroom flat starts from £98,750 and owners will pay £678.91 a month in rent for the portion of the flat they don’t own, plus mortgage costs. Service charge ranges between £1,500 and £1,800 per year, depending on the size of the property. Alton Court’s future residents will have plenty of commuting options.
Property in Hanwell is a mix of Victorian
and Edwardian terraces, plus small pockets
of more modern property.
Less than £85,000 buys a share of a new flat
in Hanwell W7, an area that comes with
Crossrail, shops and café culture.
the
© 2015 The Lemon Tree Company. All rights reserved
+44 (0)7761 015 014 (UK)
+44 (0)7911 710 456 (Channel Islands)
The development is about a mile north of the centre of
Hanwell — that means the new Crossrail station, which
opens next year, is 20 minutes’ walk away.
Or they could take the train from Castle Bar Park station, less
than five minutes’ walk from front door to platform. Trains
from Castle Bar Park to Paddington take 22 minutes, and
from there you’ll soon be able to hop aboard direct Elizabeth
line trains to the West End and City. An annual season ticket
costs £1,276.
Hanwell has plenty of useful local shops, so you won’t lack for
a latte, but for evenings out the best nearby options are the
bars and restaurants of Ealing Broadway.
For lazy Sundays a late brunch in one of Pitshanger Lane’s
independent cafés, a mile to the east, is a good starting point.
Follow that up with a stroll through Pitshanger Park, then try
one of its neighbourhood restaurants, and, should you have
the energy, an investigation of the very good wine list at
Harrison’s is as good a way to end the week as you’ll find.
WHAT ELSE CAN I BUY?
Such is the power of Crossrail that even in a difficult market,
locations along its Elizabeth line route are still seeing house
price rises in advance of next year’s opening. Latest figures
from Rightmove show current average selling prices in the
W7 postcode at just over £545,000, up from £491,000 a year
ago. Just five years ago an average home in this west London
neighbourhood was less than £330,000.
Property in Hanwell is a mix of Victorian and Edwardian
terraces, plus small pockets of more modern property. With a
budget of £500,000, first-time buyers could take their pick of
either style.
Sinton Andrews is selling a two-bedroom garden flat in Lawn
Gardens, with a share of the freehold of the period house.
Offers from £450,000.
Doyle Sales & Lettings has a roomy 864sq ft two-bedroom flat
with balcony in a modern block in Dock Meadow Reach, less
than half a mile from Hanwell or West Ealing stations, for
£499,950
For the average London first-time buyer price, currently
about £410,000, you could pick up a good-size one-bedroom
flat. Robertson Smith and Kempson has one in Boston Road
for £399,950, while Thorgills has a one-bedroom maisonette
in Cumberland Road for £385,000.
£84,750: buys 25 per cent of a one-
bedroom flat at Alton Court, Hanwell W7
