The plans to build the new railway line between London and the West Midlands will see 400m-long (1,300ft) trains with as many as 1,100 seats per train which would operate at speeds of up to 250mph – faster than any current operating speed in Europe – and would run as often as 14 times per hour in each direction. This would be followed by a V-shaped second phase taking services from Birmingham to Manchester and Leeds. “The Department for Transport says there will be almost 15,000 seats an hour on trains between London and the cities of Birmingham, Manchester and Leeds – treble the current capacity.”
“The first phase of the £56bn railway is due to open in December 2026, with trains to travel at high speed between London and Birmingham before continuing on the existing West Coast Main Line.” Work is scheduled to begin in 2017…
“As Birmingham Interchange doesn’t exist yet – and will be located in an area where there are few houses around; on the opposite side of the M24 motorway to Birmingham Airport, Birmingham International railway station and the NEC – there is no point in looking for house price data here. Birmingham Curzon Street, on the other hand, is located right in the heart of the city centre. The old Curzon Street railway station opened in 1838 but closed down permanently in 1966. The proposed new station would be built partly on the site of the historic one, where the original Grade I listed entrance building still survives.”
“The UK’s second city, which is generally seen as one of the most affordable locations for buyers, currently has an average asking price of £169,373, up by 6% in the last year. The arrival of HS2, even though it’s a decade away, is likely to give a significant boost to house prices in the area.”
It’s inevitable that the new line will make Birmingham a thriving property hotspot. It already seems that London workers have started to relocate in Birmingham now by grabbing themselves a property bargain and commuting to London in the meantime via the normal means of train. They know full well that when HS2 is complete they will have made money on their property in Birmingham and can commute into London much quicker on the new high speed line (infact often quicker than living in London and taking the tube!)
The HS2 sees the UK’s second biggest city plan a big regeneration, such as the £900million redevelopment around Curzon Street Station which is proposed to include the Birmingham Smithfield project creating a new market area and adjoining Digbeth, “which is already reinventing itself into a digital media, gaming and arts quarter – all within minutes of the city centre and the planned Eastside High Speed Rail terminus.” The city is just packed with potential and we are already seeing Chinese investors jumping on the bandwagon by investing football and flats.
Now is just the right time for another property and industrial revolution in Birmingham!
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