Living near a Boris bike docking station could increase your house price
Tue 07 Apr 2015
Living near a Boris Bike docking station could mean your house is worth more - and is easier to sell, it was claimed today.
Estate agents frequently promote a propertys closeness to a Tube station, school or shops.
But now having a docking station nearby is also on the wish list for house-hunters. Residents who live near one of the capitals 748 stations could soon see the value of their property rise accordingly, says estate agency Marsh & Parsons.
Tom Crabtree, sales manager for the firms Clapham office, said: South London has long had a core of cycling commuters, with Cycle Superhighways 7 and 8 making for easy access to the City and Westminster respectively.
To date, this trend has primarily been people using their own bikes, so secure storage has long been a high priority for such individuals when house-hunting. But with the cycle hire scheme continuing to grow and public awareness of the programme improving, proximity to a bike docking station is starting to feature on the wish lists of buyers.
This month Santander took over the cycle hire scheme from Barclays in a 51?million seven-year sponsorship deal, and the rebranded bikes are set to be rolled out shortly. About 100 additional docking points will be installed near Putney Pier, Vauxhall and Tower Bridge. Further sites are being identified to add 1,000 more.
Marsh and Parsons CEO Peter Rollings said: It wont be long before buyers scour property listings for proximity to a bike docking station in the same way they currently do for train stations and local schools.