London park rents reduce by as much as half from one side to the other

June 22, 2020

The latest research by Spotahome, the international rental marketplace, has looked at the cost of renting around London’s most sought after green spaces, as well as how tenants can reduce their rental outgoings simply by living on one side compared to the other.

Spotahome looked at the average rental cost in each outcode straddling the capital’s most popular parks and found living around them requires an average monthly rental cost of £2,050; 21% higher than the average London rent.

The biggest park rental premiums are surrounding Kensington Gardens (64%), Green Park (61%) and St James’s Park (56%) where the cost of renting is between 56%-64% higher than the London average.

However, there are more affordable alternatives. The cost of renting around Crystal Palace Park (-26%), Bushy Park (-15%) and Alexandra Park (-14%) is between 14%-26% lower than the London average, with Greenwich Park (-9%), Victoria Park (-4%) and Brockwell Park (-2%) also coming in marginally lower.

But regardless of which park tenants choose to rent around, almost all of them offer a potential rental saving depending on which side of the park you opt to rent along.

The biggest is found at Richmond Park, where tenants can save 47% in rental outgoings by opting to rent to the south of the park within the KT2 postcode. The average rent in this postcode is £1,571, the lowest of all postcode areas surrounding the park and over £700 more affordable than the most expensive TW10 postcode which straddles the north-west of the park.

Greenwich Park also offers a considerable saving depending on which side you opt to rent on. There is a 32% difference in rental prices between the SE13 postcode (£1,313) to the west of the park and the SE10 postcode (£1,737) to the north-west.

Battersea Park (32%), Kensington Gardens (31%),  Hyde Park (28%) and Regent’s Park (23%) are also home to a rental saving of 23%-32% between the most expensive and most affordable postcodes surrounding them.

Savvy renters looking around Bushy Park, Crystal Palace Park, Victoria Park, Alexandra Park, Brockwell Park and Green Park can also find a decent saving, while just St James’s Park is straddled on all sides by the SW1 postcode with no saving to be had based on average rents.

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

Breaking Property News 3/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The imminent interest rate hike is going to be a real reckoner for property   When interest rates rise again, Britain’s housing market will discover what it is really worth   Thought Leadership by Andrew Stanton CEO Proptech-PR For more than a decade, Britain’s housing…
Read More →
Breaking News

Tenancy deposit reform overlooks estimated £750m

As the Government considers reforms to England’s tenancy deposit system, The Letting Partnership is warning that one major question remains almost entirely absent from the debate: what happens to tenancy deposits that are never reclaimed? While current discussions have focused on how deposits should be protected in future, namely custodial vs insured schemes, far less attention…
Read More →
Breaking News

Application to offer in 24 hours with new Barclays Fast-Track Remortgage

Barclays launches first-of-its-kind Fast-Track Remortgage, which can provide eligible customers1 a mortgage offer within 24 hours, and completion in as little as five days Research finds those who have switched lenders are twice as likely to find the process difficult compared to those who stayed with their lender (20 per cent vs 10 per cent)…
Read More →
Estate Agent Talk

Mortgage overpayments in a confident market

Financial experts are encouraging homeowners and first-time buyers to take a fresh look at mortgage overpayments as confidence builds in the UK property market and interest rates begin to ease. With major lenders cutting rates, improved loan-to-value options for buyers, and growing optimism in the 2026 market, mortgage overpayments are emerging as a powerful and…
Read More →
Breaking News

House price growth remained subdued in August

UK annual house price growth remained broadly stable in August at 1.6% House prices were up 0.2% month on month Headlines Aug-26 Jul-26‡ Monthly Index* 550.1 549.1 Monthly Change* 0.2% -0.1% Annual Change 1.6% 1.4% Average Price (not seasonally adjusted) £275,465 £276,581 * Seasonally adjusted figure (note that monthly % changes are revised when seasonal…
Read More →
Letting Agent Talk

What Adds Three Weeks to Leasehold Conveyancing?

As government reforms target a four-week reduction in homebuying times, Konnect You analysis points to management packs, extra lease enquiries, third-party responses and title issues as recurring leasehold bottlenecks. The government is targeting a reduction of around four weeks in the homebuying process through reforms published in June 2026. Its roadmap proposes more property information upfront and recognises that leaseholders can face delays…
Read More →