A new underground tube station which is currently under construction on the Hammersmith & City Line will be known as Wood Lane, when it opens in 2008. While the existing Shepherds Bush station will be renamed Shepherds Bush Market.

Wood Lane , which will be situated between Shepherds Bush Market and Latimer Road Stations, will be the first new tube station on the existing tube line for over seventy years.

Mayor Ken Livingstone said: "The new Wood Lane station and renaming of Shepherds Bush station is the latest step in the massive improvement of transport links for west London."

Local property prices may now be set to rise further on the back of west Londons improving transport facilities.