The HS2 looks set to go as the government confirm its full steam ahead and The East Midlands will be one of the few places looking to benefit from the HS2.
The high-speed railway will follow along the east side of the A42, then through Long Eaton via a high level viaduct to reach its hub station in Toton. Although this station is not due to open until 2033, it is already having an effect on local people and local property prices. We have seen shorter void periods in the area than ever before and each property having multiple applicants interested.
For long term property investors this area is really worth keeping an eye on, as a result of HS2 it’s quite possible that Toton, with the tram system also stopping in the area, could become the one of the best connected locations in the UK.
Facts
Projected Travelling Times from East Midlands
1hr 8mins to London compared to 1hr 44
36mins to Birmingham compared to 1hr 13
46mins to Leeds compared to 1 hr 46
Jobs created in Toton: 1500
However there has been some concerns raised by people in Long Eaton and this has mostly been surrounding the high level viaduct that will go through the area. Ben Timberley from the Stop HS2 Erewash Group said: “This viaduct will do lots of damage for Long Eaton. It will destroy the town.”
Here at Ogilvy & Sneyd we are not so negative and agree with Erewash MP Maggie Throup who believes that it will really put Long Eaton and the surrounding areas on the map. creating more jobs and opening up more land for housing and in turn it will generate a thriving area with a booming property market.
Ogilvy and Sneyd are a specialist local letting agent in Long Eaton, Stapleford, Toton and surrounding areas in Nottingham.
