The Government has recently given the go ahead to the completion of a ground-breaking new rail line between Oxford and London. Currently running from Bicester, Oxfordshire to London Marylebone, the Chiltern line will now be adding Oxford to its list of destinations. To achieve this, a new link will be added at Bicester to connect the London Marylebone to Birmingham Moor Street line, with the existing route between Oxford and Bicester Town being upgraded. Oxford will also gain a rail link to High Wycombe for the first time in over 40 years.
A new station will be built at Water Eaton Parkway (between Summertown and Kidlington) adjacent to the existing park and ride site. In a recent statement, Graham Cross, Director of Chiltern Railways, said services from Water Eaton Parkway plan to operate from summer 2015 with the full line to Oxford expected to open in spring 2016.
Benefits of the new rail service
Inevitably, this alternative rail link will benefit many who make the Oxford to London commute and businesses in Oxfordshire and Buckinghamshire. Housing in areas near to the new station of Water Eaton Parkway and stations on the new link may become more sought after. Also, there is a possible investment opportunity – buying a property now may lead to an increase in capital value once the new transport links are in place.
Chancellors Estate Agents operate in Oxfordshire and Buckinghamshire and have local knowledge and expertise in areas along the route of the new rail link. If you’re interested in how this could affect your property, or are looking to move into one of the areas surrounding the new rail route, get in touch with one of our branches below:
Correct at time of publication. The views and opinions expressed herein are those of the individual contributor and do not necessarily reflect those of the Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. When in doubt you should only take advice from an industry professional or solicitor where appropriate. E&OE.