Getting your property investments right can be a challenge. With help from the right people though, you will be in the best position to get a healthy income. This is what we can do for you, using the experience we have of being part of the real estate industry in London for years. We work hard to ensure we can provide the most dynamic solutions for investment properties Bexley landlords can ask for.

A strategy for funding

Transport for the South East (TfSE) has written a draft a strategy it can use to acquire £3.2bn of funding. Said funds could allow for an extension of Crossrail (the Elizabeth Line). This would see it extend to Ebbsfleet, as well as towards Gravesend. It could have a big impact on property prices and demand in these areas.

The transport body opened a public consultation, which can be found on its Strategic Investment Plan for the South East. It outlines how it wants to invest £45bn into the region’s infrastructure. It will happen over the next 27 years. Their belief is that the investments would see an annual return of £4bn in gross value by 2050.

In the portfolio, one of the most ambitious projects is the Crossrail’s extension. This has been circulating ever since 2016. It was here when the Crossrail to Ebbsfleet (C2E) informal group was formed. Shortly following that, it got support from Sir John Armitt. He is the National Infrastructure Commission chairman.

A grant for Bexley Council

During 2019, Bexley Council got a grant of £4.85m. This came from the government’s Thames Estuary 2050 Growth Commission fund. It was meant to develop a business case for enhancing connectivity with the Bexley Riverside-North Kent corridor. The council itself is one of the sixteen local councils making up the TfSE. Most of the proposals that came back consisted of extending Crossrail from its present terminus at Abbey Wood. Speak to us if you need help from the top company working in investment properties Bexley has.

The council had a first consultation on five possible ways to enhance connectivity in the corridor during early 2021. It then chose a final three options in the summer. Two of these plans still involve extending the Elizabeth line.

The current estimation

While the proposals first estimated the cost to be around £1.5bn, the present price sits between £2.6bn and £3.2bn. This is the cost for Option 1, while Option 2 may see the price increase more.

Within its Strategic Investment Plan, TfSE outlines how they could get the funding. It starts with Great British Railways making an arrangement to be the scheme’s leading delivery partner. They would recognise that a lot of the extension would run on current North Kent route railways.

TfSE will then try to gain funding from sources external to the Central government. This includes funds from broader programmes that accept the potential the scheme has to make contributions to environmental, economic, and national housing objectives. They would also seek a sum from London, including Transport for London, the Greater London Authority, and the mayor.

Additionally, TfSE would be seeking out local contributions from authorities inside the C2E partnership, such as Bexley Borough Council. Then there are private sources, with ones like Shepherd Neame Brewery and Heathrow Airport having previously given support.

Work with us if you have investment properties in Bexley

At Finefair Ltd we use our experience in the field of investments to help our clients make a plan. Our understanding of London’s property market is extensive. Therefore, we can advise you on which areas to focus on the most. We can then look at things like guaranteed rent and council leasing.

So, contact us if you need aid from the foremost company working in investment properties Bexley has. We can arrange solutions that will work for you.