According to estate agent Benham and Reeves, prices in Deptford (mile eight) and Greenwich (mile seven) are up by 18 and 13 per cent respectively since 2018, with the average house price in both locations just over £530,000.
Benham and Reeves looked at the amount of London covered by ‘public open green space’ – 31%, according to the London Data Store – and Land Registry data showing that the average London house price is £530,201.
London residents are paying price premiums to live near parks, according to a Thursday report from Benham and Reeves. Around 31% of London is covered by green space and with an average house price of £530,201, Londoners are paying £245 per square meter of park in their property prices, the estate agency said.
As lighter evenings begin again and the first hints of summer start to appear, a new study from independent London estate agent, Benham and Reeves, looks at the cost of property when considering green space across London and which borough offers the best bang for your buck where both property prices and plenty of green space are concerned.
Eagle-eyed property seekers may have noticed that Benham and Reeves' individual sales and lettings companies have recently merged under one ownership to become, simply, Benham and Reeves.
Estate agent Benham & Reeves recently revealed the top-10 postcodes for buy-to-let yields. Postcode L7 was top on the list featuring an average of 10.7% rental yields and an average house price of £105,000, while L6 followed with 10.4% and £85,000.
Recent research from London estate agents Benham and Reeves, for example, reveals that a parking space will put an extra £400,000 on the price of a home in Westminster or Wandsworth.
The most in demand area in prime London is W8, covering Kensington, Notting Hill and Holland Park with 148 transactions registered in 2018, says London estate agent, Benham and Reeves.
‘Home owners are now some £20,000 worse off than they were this time last year,’ he said but revealed he is confident that it is only a matter of time before the market improves in London.
Recent research by London sales and letting agent Benham and Reeves has highlighted which areas across London and the UK offer the best buy-to-let yields. It used statistics from PropertyData based on the average property price and rental potential of each postcode to highlight where is still a sound investment when looking for a healthy return.