The arrival of Crossrail means Woolwich in south-east London is tipped to become the next property hot spot.
The arrival of Crossrail, which will stretch from Reading and Heathrow in the west to Shenfield and Abbey Wood in the east when it opens in 2018, is boosting house-buying activity along its route.
A report by estate agent Hampton's International claimed that one in ten London property purchases are now within a mile of a Crossrail station.
Woolwich stands out in particular as it will benefit from some of the largest cuts in journey times. A journey to Bond Street will be reduced from 36 to 21 minutes, while the length of time it takes to get from SE18 to Tottenham Court Road will be cut from 37 to 19 minutes. Residents will be able to get to Heathrow in about 47 minutes, almost half the current journey time.
The Metro newspaper spoke to a local branch of Felicity J Lord. Agents there said prices in Woolwich have risen 10% since Christmas and claimed it would become the Shoreditch of the south.
The area - unfortunately made famous for the murder of soldier Lee Rigby last year - is seeing several new developments spring up. These include Berkeley Homes's redevelopment of the Royal Arsenal site, and the 20-storey Vantage tower.
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