London’s prime parks command 86% property premium

The latest research from Jefferies London has found that buyers hoping to live within arm’s reach of one of the capital’s royal parks will need to stump up a serious property price premium, with the average price of property around these green spaces coming in 86% higher than the average London house price.

Jefferies London analysed the average cost of purchasing a property within postcodes bordering each of London’s royal parks, before comparing this to the average house price within each respective borough/s.

Across all royal park postcodes analysed, the average house price sits at £1,051,765.

When compared to the current average London house price of £565,637, this means buyers are paying a 85.9% premium, for the benefit of immediate access to the capital’s most prestigious green spaces.

The highest premiums are seen around Green Park, where average property prices within bordering postcodes come in at £1,637,081. That’s 72.9%, or £690,158, more than the wider average in the borough of Westminster.

Hyde Park and St James’s Park both command significant premiums too, with homes surrounding them selling for 58.0% and 51.2% more respectively than the borough average.

Kensington Gardens follows closely behind with a 30.7% premium, while The Regent’s Park and Primrose Hill areas sit at 18.5% above their respective borough averages.

The good news is that not all royal park postcodes come with a premium price tag.

Greenwich Park commands a modest 4.4% premium (£20,729), while Brompton Cemetery and Richmond Park actually sit below their borough averages, by -1.6% and -6.7% respectively.

Bushy Park offers the greatest relative affordability, with homes surrounding it coming in -23.0% below the wider Richmond upon Thames average.

This data underscores the strong price premium that London buyers are willing to pay for proximity to the city’s most iconic green spaces – particularly in the prime central boroughs.

Damien Jefferies, Founder of Jefferies London, commented:

“London’s royal parks are among the most exclusive green spaces in the world, and this is clearly reflected in the property prices surrounding them.

From Hyde Park to Green Park, proximity to these iconic locations continues to carry serious cachet and commands a notable premium, particularly across the capital’s most prestigious postcodes. Even in areas where the park-side premium is less pronounced, buyers still see tremendous value in the lifestyle and prestige that comes with it.

Of course, as is often the case with the London property market, those who can’t afford to pay such premiums can look at alternative options in order to find relative affordability, whilst still benefitting from living within arm’s reach of an outstanding green space.”

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Damaged timber from Dry Rot
Estate Agent Talk

Mould and damp – what you need to know ahead of winter

With the winter months just round the corner, problems with damp and mould can become far more prominent. Autumntime is when many people turn on central heating systems and choose to close windows, preventing fresh air ventilation needed to allow damp air to leave a property. Unfortunately, the combination of warm and damp air can…
Read More
Breaking News

Rental price and average salary tracker – September 2025

London and South East see biggest dips in required rental salary year-on-year London and the South East saw the sharpest dips year-on-year in the average salary needed in order to rent the average home in that area. London saw a 4.2% drop, whilst the South East saw a decline of 2.9%. Yorkshire and Humberside saw…
Read More
buying at auction uk
Breaking News

The cities where buying beats renting – with just a 5% deposit

British first-time buyer mortgage payments are typically 17% cheaper than renting, even with a low 5% deposit The average 5% deposit is £11,412 based on a typical first-time buyer property price of £228,233 Among major cities outside London, the biggest gap between owning and renting is in Glasgow, where buyers could save more than £4,750…
Read More
Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Rates Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.51% +0.00% -0.37% 5-year fixed 4.55% +0.01% +0.01%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.77% +0.05% -0.07% 5-year fixed 3.97% +0.10% +0.29%   Average…
Read More
Rightmove logo
Breaking News

Data and commentary from Rightmove on stamp duty reforms

Colleen Babcock, Rightmove’s property expert said: “We’ve been calling for stamp duty reform for some time now, as it’s a significant barrier for many people moving home. Abolishing it completely would remove one of the biggest barriers to moving, unlocking more moves at all stages of the property ladder. “Our data shows that only 5%…
Read More
Breaking News

Second-time buyers dominate demand for longer term fixed mortgage deals

Second-time buyers are dominating demand for longer term fixed mortgage deals, fresh data from Moneyfacts Analyser can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost two-thirds (58%) of second-time buyers who compared mortgage deals using the moneyfactscompare.co.uk website were considering terms of three years or longer in the 30 days to 1…
Read More