The recent London Growth Plan is fantastic news for the city. It details plans to improve infrastructure and deliver more housing in the capital by 2035. If you have properties in Hounslow, or plan to invest, there is a significant part of the plans to consider; the proposal of a West London Orbital Extension. We want to have a closer look at that here. Then, if you need help with guaranteed rent in Hounslow, you can talk to us.
Overground extension
In 2017, a group of local authorities in West London began exploring the idea of extending the Overground. The plan would create a new rail route from West Hampstead to Hendon and Hounslow (at the north and west ends respectively). It would improve connectivity in this part of the city. More importantly, it would unlock significant developments.
The initial study found that the plan was feasible. There was also a strong belief that there would be sufficient passenger numbers to support a service of four trains per hour or more. While there were positive signs, including an outline business case for the scheme in 2019 and assessment by National Rail in 2023, there hadn’t been any big moves.
Wonderfully, the London Growth Plan says three infrastructure projects will be the priority in the coming years. This includes the West London Orbital. The Mayor of London, Councils, business partners, and other stakeholders are all in support of the proposals in the plan.
What to expect?
New infrastructure, especially public transport, can transform areas. It can make them more popular with buyers and renters. Plus, they can inspire developments. This is excellent news, and we’ll be happy to arrange guaranteed rent in Hounslow for any clients that want it.
One of the most crucial things here is the estimate is the West London Orbital could unlock 7,000 new homes. Interestingly, the route would also connect Hounslow to the new developments at Old Oak Common. This could further increase connectivity if HS2 plans proceed.
Hounslow Council is already showing their support for the new rail route. They allocated more funding (£714,000) to the team developing the plans earlier this year. It will help to develop the formal funding bid to go to Transport for London.
One concern though is the cost of the scheme. The estimate in 2017 was the cost would be £250-300m. However, with much higher costs today, the figure could be as high as £600m. As a result, there will be a huge job to secure funding.
Speak to us about guaranteed rent in Hounslow
The London Growth Plan means we could see some really exciting changes in the city. The estimate is it could add over £100bn to the economy. It would also deliver new housing to help tackle the crisis.
It could be a really good time to consider investment properties in Hounslow. It’s already quite a popular part of London because of the affordable prices and combination of rural and suburban elements. You can find areas with lots of great amenities as well as some impressive greenery.
So, if you invest and want some help, speak to us. We can provide fantastic services like guaranteed rent in Hounslow. It will save you money and protect against voids.