With private garden space often limited in the city, homeowners often seek refuge in one of London’s many parks. The premium of having a direct view over green space can be almost 10% in some cases – as with the Pimlico example listed below – but is more often a single-digit difference.
|
Area |
Street |
Property type |
Close/on a park |
Price |
% price difference |
Nearby park |
|
Pimlico |
Warwick Square, SW1V |
One-bedroom apartment |
Park view |
£925,000 |
9% |
Warwick Square |
|
Matthew Parker Street, SW1H |
One-bedroom apartment |
Near a park |
£850,000 |
|||
|
East Sheen |
Hertford Avenue, SW14 |
Four-bedroom house |
Parkview |
£1,625,000 |
8% |
Richmond Park |
|
Richmond Park Road, SW14 |
Five-bedroom house |
Near a park |
£1,500,000 |
|||
|
Battersea |
Primrose Mansions, SW11 |
One-bedroom apartment |
Park view |
£410,000 |
6% |
Battersea Park |
|
Battersea Bridge Road, SW11 |
One-bedroom apartment |
Near a park |
£385,000 |
Peter Rollings, Chief Executive Officer of Marsh & Parsons, said: “London’s parks, commons and green spaces are a huge asset for anyone living in close proximity to them – and even more so if a property has a direct view. It’s at times like this with temperatures soaring that easy access to parks is a real bonus, but being so close to green space is a huge asset throughout the year – especially for families with young children. Properties overlooking a park or common will usually attract a noticeable premium – particularly in the case of direct views over London’s Royal Parks such as Regent’s Park and Kensington Gardens – but also some of the city’s prestigious private gardens as the Pimlico example highlights.”
