When it comes to finding the ideal property in London, there is a lot to consider. However, one of the most important things buyers need to think about when considering London property is the availability of transport options. Connectivity can make or break an area, and many vendors have found their selling opportunities enhanced or limited by the standard of local commuter options.
For the most recent study, virtually all of the railway stations in Greenwich experienced a boost in passenger numbers. In estimated figures released by the Office of Rail and Road, there was a significant number of people travelling from local stations.
Forest Hill station is an excellent hub for the local community
Of considerable interest to us is the figures for Forest Hill, which saw 5.3 million entries and exits in the period between April 1, 2018, and March 31 2019.
When looking at stations in the South East of London, Lewisham was the busiest, with over 10.3 million passengers in this time. Bromley South clocked up 8.4 million, Dartford had 4.6 million, and Woolwich Arsenal had 4.4 million passengers. Like Forest Hill, all these stations experienced a considerable increase in traffic.
The increase in numbers for Greenwich and Dartford have been attributed to alterations made to Southeastern and Thameslink in May 2018.
London stations are the busiest in the country, unsurprisingly
It will come as no surprise to anyone that London stations made up nine of the ten busiest stations in the country. The busiest station was London Waterloo, which clocked up an astonishing 94 million entries and exits in the considered time-frame.
London Victoria came second on the list with 74.7 million exits and entries. Liverpool Street was third with 69.5 million and London Bridge was fourth, with 61.3 million exits and entrances. The only entrant in the Top 10 to lie outside of London was Birmingham New Street, which ranked fifth with a total of 48 million passengers.
Buyers need facilities and amenities
While buyers are looking for property in a location where they can commute from easily, vendors should be aware of the impact train stations and other transport options have on their property valuation.
A lot of factors influence property valuations, and the price a buyer is willing to pay depends on the amenities and facilities on offer in the local neighbourhood. If a home was fantastic, meeting a buyers’ criteria for the property, but offered nothing in the manner of transport or viable roads, it wouldn’t generate much interest amongst buyers. Therefore, the value of the property would be affected.
At Hunters Forest Hill, we know selling your home is challenging, but we are here to assist you in the process. If you aim to buy, sell, let your home or rent property, we are active in New Cross, Peckham, Dulwich and Brockley, in addition to Forest Hill, so get in touch with one of the top three agents in London, and we will be happy to assist you.