Did you know there have been plans to extend the Bakerloo Line into South East London for over a century? It is more likely to happen today than ever before, with backing from local councils, Londoners, businesses, and many other stakeholders. In fact, recent surveys show overwhelming support for the proposal. Let’s have a look, then you can rely on us if you want to arrange guaranteed rent in Harrow.
The issues
The Bakerloo Line will celebrate its 120th anniversary in 2026. However, there are a number of issues. Firstly, it has the oldest train fleet in the UK. That means there are big fears of sudden breakdowns and closures. If that were to happen, it would have a huge impact on people and the economy.
Secondly, there are big concerns about the financial side of things. The Bakerloo Line is inefficient because of the age of the infrastructure. It costs more to operate than any other service in the city. This will get worse and worse too if there isn’t an upgrade.
Finally, critics are unhappy that the current route leaves big parts of London without any kind of Tube service. This includes the entirety of Bromley and Lewisham.
Support for the upgrade
A recent survey by Survation and Norstat found there is a huge wave of support for the plans. This includes in key areas like Harrow as well as along the route as a whole. As a top provider of guaranteed rent in Harrow, we can see the benefits of upgrading the Bakerloo Line. It would allow easier commutes and increase accessibility.
According to the survey’s findings, 76% of Londoners living in areas along the route support the upgrade. In addition, an impressive 89% of businesses would support the project.
The survey’s findings for Harrow are equally impressive. The majority of residents (75%) are in favour). Additionally, 84% of local businesses in the borough are for it. Only a tiny 2% oppose the idea.
There were some other important findings in the survey too. For one, 63% of businesses said it would be a catalyst for growth. More frequent trains and expanding to South East London would increase footfall along the route, with more people then likely to spend money in the areas. Plus, 45% of residents said the upgrade would make them take fewer car journeys. That would be great for the environment in the city.
The plans to upgrade the Bakerloo Line would be transformative for many areas and the city itself. Supporters say it will create 150,000 new jobs, unlock over 100,000 new homes, increase capacity, reduce energy consumption, and improve reliability. The extension would also enhance connectivity, including in areas suffering from deprivation. All of this would be fantastic for London’s economy.
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Supporters of the Bakerloo Line extension say it is shovel-ready, meaning it could advance quickly if it gets approval. It will be interesting to see what happens next, but the potential benefits are incredibly attractive. With more support from the Government to do infrastructure and housing projects, there is a good chance we could see it become reality in the future.
If you’re an investor, it would be a really good idea to look at areas along the Bakerloo Line. They could become even more lucrative in the future, especially in North West and South East London. Spots like Harrow in particular are really good for the mix of properties and great local amenities.
Investors who do commit to properties can rely on us if you need some help. We offer a broad range of services, including guaranteed rent in Harrow. There is no easier solution if you want to get stable rental income for 1-5 years. Contact us and discover more.
