London Marathon Property Price Map 2019
Leading independent London estate agent, Benham and Reeves, has looked at the price of property across some of the key mile markers of this weekend’s London Marathon and how they have fared since last year’s event.
Mile Marker 7: One-bed apartment, Deals Gateway: £300,000
Despite the wider market slowdown, London is still the most expensive region in the UK and the most lucrative from an investment standpoint, with an average house price of £472,230, the 26.2 mile marathon route will see runners cover a property price per mile of £18,204.
Mile Marker 12: Two-bed apartment, Scotts Sufferance Wharf, Mill Street: £699,950
However, looking at 16 key mile markers along the route, Benham and Reeves found that the average house price tends to be much higher if you want a good view of the race.
Mile Marker 13/22: Three-bed apartment, Meranti House, Leman Street: £1,550,000
The most expensive property prices can be found at mile markers 25, 26 and 23 with Embankment, St James’s Park and Monument home to a current price tag of between £1.6-£1.8m.
Mile Marker 16: One-bed apartment, Cobalt Point, the Isle of Dogs: £400,000
At £346,477, Woolwich (mile marker 4) provides the most affordable foot on the ladder for a London marathon property, closely followed by Charlton (2) and Shadwell (22) as the only other two areas with an average house price under £500k.
Mile Marker 19: One-bed apartment, Park Drive, Canary Wharf: £685,000
But the real winners in a market plagued by Brexit uncertainty are those registering positive price growth and since the last marathon, it’s Deptford at mile marker 8 that has claimed the gold. Since last year the area has seen an uplift in prices of 18%.
Mile Marker 21: Two-bed apartment, Slate House, Canary Gateway: £419,950
Greenwich isn’t far behind, claiming silver with 13% annual growth. Monument and Blackfriars share the last place on the podium with a 9% uplift in prices.
Mile Marker 26: Two-bed apartment, Nova Building, Buckingham Palace Road: £2,200,000
Unfortunately for homeowners at the first mile marker in Blackheath, the property market seems to have cramped up with prices down -16% since last year. Although the most affordable, Woolwich has also seen prices fall by -8%. That said, those investing in these areas can not only snap up a deal at present, but long term stability in rental growth provides a cushion to the current sales market downturns.
Director of Benham and Reeves, Marc von Grundherr, commented:
“There’s no better way to showcase the diversity of the London property market than the London Marathon, with the route passing through some of the capital’s most notable areas.
Unfortunately, the capital’s homeowners will be forgiven for being less jubilant than those crossing the finish line with price growth declining year on year across the capital. However, some areas continue to show good stamina and have registered positive movement despite wider influences.
Hopefully, by the time the next London Marathon rolls around, a greater degree of market stability will have returned, and we will be seeing positive price growth the length and breadth of the course.”
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Sorted by order of mile market
|
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|
Marker
|
Area
|
Average House Price
|
Annual Change
|
|
1
|
Blackheath
|
£510,432
|
-16%
|
|
2
|
Charlton
|
£448,708
|
-2%
|
|
4
|
Woolwich
|
£346,477
|
-8%
|
|
7
|
Greenwich
|
£535,210
|
13%
|
|
8
|
Deptford
|
£532,350
|
18%
|
|
10
|
Rotherhithe
|
£546,904
|
-3%
|
|
12
|
Bermondsey
|
£596,498
|
-2%
|
|
13
|
Wapping
|
£740,917
|
-1%
|
|
16
|
Isle of Dogs
|
£506,949
|
2%
|
|
19
|
Canary Wharf
|
£558,651
|
1%
|
|
21
|
Limehouse
|
£529,906
|
1%
|
|
22
|
Shadwell
|
£460,568
|
1%
|
|
23
|
Monument
|
£1,630,588
|
9%
|
|
24
|
Blackfriars
|
£682,500
|
9%
|
|
25
|
Embankment
|
£1,742,500
|
-4%
|
|
26
|
St James’s Park
|
£1,696,069
|
-3%
|
|
Sorted by highest average house price
|
|
||
|
Marker
|
Area
|
Average House Price
|
|
|
25
|
Embankment
|
£1,742,500
|
|
|
26
|
St James’s Park
|
£1,696,069
|
|
|
23
|
Monument
|
£1,630,588
|
|
|
13
|
Wapping
|
£740,917
|
|
|
24
|
Blackfriars
|
£682,500
|
|
|
12
|
Bermondsey
|
£596,498
|
|
|
19
|
Canary Wharf
|
£558,651
|
|
|
10
|
Rotherhithe
|
£546,904
|
|
|
7
|
Greenwich
|
£535,210
|
|
|
8
|
Deptford
|
£532,350
|
|
|
21
|
Limehouse
|
£529,906
|
|
|
1
|
Blackheath
|
£510,432
|
|
|
16
|
Isle of Dogs
|
£506,949
|
|
|
22
|
Shadwell
|
£460,568
|
|
|
2
|
Charlton
|
£448,708
|
|
|
4
|
Woolwich
|
£346,477
|
|
|
Sorted by highest average price growth
|
|
||
|
Marker
|
Area
|
Annual Change
|
|
|
8
|
Deptford
|
18%
|
|
|
7
|
Greenwich
|
13%
|
|
|
23
|
Monument
|
9%
|
|
|
24
|
Blackfriars
|
9%
|
|
|
16
|
Isle of Dogs
|
2%
|
|
|
19
|
Canary Wharf
|
1%
|
|
|
21
|
Limehouse
|
1%
|
|
|
22
|
Shadwell
|
1%
|
|
|
13
|
Wapping
|
-1%
|
|
|
2
|
Charlton
|
-2%
|
|
|
12
|
Bermondsey
|
-2%
|
|
|
10
|
Rotherhithe
|
-3%
|
|
|
26
|
St James’s Park
|
-3%
|
|
|
25
|
Embankment
|
-4%
|
|
|
4
|
Woolwich
|
-8%
|
|
|
1
|
Blackheath
|
-16%
|
|
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