How Cycle Super-Highways Might Affect Your Property
Since the pandemic hit in late March, we were all encouraged only to use public transport if absolutely necessary, and most were sent away from large offices to work from home. With people spending less and less time on public transport for a commute to work, and spending more and more time outdoors, with more hours in the day free to get out and about, people all over the country have taken up cycling as a new hobby, way to get around, or their new commute option.
With the massive increase in the popularity of regular cycling up and down the UK, the city planners and government officials have taken notice, and are keen to get building on several cycling “super-highways” throughout London, that will connect all the major areas via large interlinking cycling paths.
Super-highways may not affect your property at all if it isn’t nearby. However, if your property is nearby a planning site for a super-highway, there’s good news and bad news. The bad news is that the construction to build these cycle pathways will likely be disruptive to the surrounding area. This will mean noise, diverted traffic, extra people on site etc. The good news is that if your property is near a super-highway, you may be able to increase the cost of your monthly rent as the areas around super-highways become more and more desirable for those keen cyclists.
There is also planning for new flats to be built along-side the super-highways, which will in turn encourage new businesses, injecting growth into the economies of each area affected.
At ZFA, we can help you manage your property or portfolio of properties. If you’re thinking of buying to let in a super-highway area, chat to one of our friendly knowledgeable employees – we can help you with a range of services, from rent guarantee London and property management, estate agency and property investment to commercial letting.
Do you want to sell your house? Contact us today if you have any questions and we’ll take care of the rest.