Investors at Parkwest set to benefit from Crossrail

On 22nd July 2008, the Crossrail project won final approval from Parliament, allowing the government to begin work on the 18-year-old plan. The arrival of the £16 billion railway line, which will link West Drayton to the heart of London and beyond, is likely to signal great news for prospective purchasers at Parkwest, the latest development by St George, located just 1 mile from West Drayton Train Station and Stockley Park.

Crossrail will see trains traveling from West Drayton, straight through Central London and out to Essex and some analysts believe that its arrival could mean a 10 per cent increase in house prices in areas on the route, which would benefit purchasers at Parkwest with homes in the development currently being sold off plan as investors, first time buyers and owner occupiers look to take advantage of the future regeneration in the area.

In addition to the Crossrail development, Terminal 5 at Heathrow Airport, just 2 miles north of Parkwest, has also recently opened its doors to the public and it is expected that, when fully operational, 30 million passengers a year will travel through the airport and T5 alone will create around 16500 jobs, resulting in a huge demand for new homes in the area.

Ian Dobie Managing Director of St George West London said, “With the development of Heathrow’s Terminal 5, the announcement of Crossrail and the regeneration of West Drayton, investors and owner occupiers are looking at this part of West London with a renewed enthusiasm. The benefits of developments such as Parkwest are that they make this area an extremely attractive investment proposition with great potential for excellent capital growth. Parkwest will be a most accessible National and International address! ”

Cameron Estate Agents who have offices in West Drayton and Uxbridge, have been successfully letting out properties at Parkwest at £850 per month for one bedroom apartments and up to £1300 per month for two bedrooms apartments. Many of the tenants currently living at Parkwest work at Heathrow or for one of the large multi-national companies at Stockley Park, one of Europe’s largest commercial centres, housing companies such as Apple UK, BT, Cisco, Marks and Spencer, Sharp and Hasbro.

Paul Meredith, Director at Cameron Estate comments: “Camerons are delighted to be involved in letting the apartments at Parkwest. The design and quality of the finish in each of the apartments is proving to be highly popular with tenants looking for executive living and 24 hour concierge, gymnasium and private parkland complement the uniqueness in the St George concept and makes this development stand out above all others in the area, which is why there is such strong demand for these properties.”

The exciting product range at Parkwest includes the contemporary Manhattan Apartments and the versatile Duet Apartments which make sharing easy – offering two identical master bedrooms both with en-suite and their own balcony. Residents also benefit from their own private gym and a 24/7 concierge facility.

Parkwest is in a superb location for commuters, students, and international travellers alike. The M4 and M25 are just a couple of miles away, as is Heathrow -The World’s Busiest Airport. Nearby Stockley Park is one of Europe’s largest commercial centres and houses companies such as Apple UK, BT, Cisco, Marks and Spencer, Sharp and Hasbro. For the more active there is also a Virgin Active Gym and an 18 hole golf course close by.

Prices at Parkwest start from just £194,950. For further information, log on to Park-west.co.uk.