The HS2 scheme, which has now got the go-ahead from the government, will have a huge impact on homeowners in the areas surrounding the proposed line.

The high-speed rail link will cut journey times by 30 minutes between London and Birmingham, and is the first part of a scheme which will eventually see trains running at speeds of up to 225mph to Manchester and Leeds.

But fear about disruption caused by the construction of the line, and the ongoing noise caused by the fastest train ever run, has already had an impact on the housing markets in some of the areas affected, with homeowners reporting an inability to sell, or that prices have been hit. The government says that out of 55,000 responses to a consultation on the plans, 36,036 (more than 65%) mentioned property.

Here 'The Guardian' look at what happens next for homeowners: Full Article ......

  Quote From The Article:   

"Is my house going to be worth less?

It depends. McAllister says some areas along the route will see prices rise now it is clear the line won't run as close as had been feared. But other homeowners will have had their worst fears realised.

Jonathan Bramwell, partner at The Buying Solution, says: "In North Oxfordshire/Buckinghamshire, we expect the HS2 announcement will make the countryside around Banbury and Bicester more popular, especially for the school-driven buyers who want easy access to the Chiltern line."

The HS2 will have a huge impact on homeowners in the areas surrounding the proposed line. Photograph: Martin Argles for the Guardian