Boris Bikes to take over Hammersmith and Fulham

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Boris Bikes to take over Hammersmith and Fulham 
By Jamie Lester, Head of Haus Properties

 

As the world population swells and an increasing proportion of people inhabit cities, the need to conceive, maintain and promote sustainable urban mobility is becoming vital to city life.

The Barclays Cycle Hire Scheme (or Boris Bikes, as they are more affectionately known) is a great example of adapting to urban living. There seems to be a clear understanding that providing easy access to healthy and quick modes of transport will improve congestion and pollution problems.

With this in mind, the imminent installation of Boris Bikes into the borough of Hammersmith & Fulham is creating a lot of chatter about how the scheme may impinge on the local area. There is a sense of anticipation in the air, and the Haus team have been debating whether or not the influx of cycles will impact how locals enjoy travelling around the borough without relying on public transport, and whether or not local businesses will be affected. Most topically of course, we have been discussing if (or how) the local property market will be affected by the emergence of Bo-Bikes.

Having lived and worked in Hammersmith & Fulham for over 10 years, there are certain areas deemed ‘too far’ from the tube stations. ‘Too far’ (in Fulham terms) can be as little as 10-15 minutes, and when valuing a property that is a 10-15 minute walk away from a tube station, you cannot try and compete with properties within closer proximity to the station. The question is: can Boris Bikes solve this problem? The gorgeous home that sits on a 15 minute boundary to a tube station may be lucky enough to benefit from a nearby docking station for an easier commute. I believe these properties can then start to be more ambitious with their asking price, but only the agents who pick up on this will be able to make the sale. This, together with simple commuting into town and connections with the rest of London, there can only be great things to say about the scheme.

Another interesting problem that the bikes may be able to solve is the lack of parking permits. Planning states that if a building with multiple properties is built, the occupiers will probably be denied a parking permit. This has caused problems with selling and letting these types of properties and only buyers/tenants who don’t have a car will buy/let them (or face annual parking fees within a NCP car park). Again, with Boris Bikes there is an easy path for the occupier to get out and about without a car.

The first installation of bicycles is due to be rolled out towards the end of this year in the following locations and that’s only the beginning of the epic scheme, with more and more docking stations to be added over the years. In fact, I can see in two – three years we will wonder how we ever lived without them! To be able to pop to your favourite shop, restaurant or bar and not have to worry about your bike or car can only be a good thing.

All in all, we are very excited to see the good old Bo-Bikes arrive on our streets. The potential decrease in traffic on our roads, subsidence of the cruellest box junction in the UK, as well as cleaner streets must be a positive change!

 

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