"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."
- Damien Jefferies - Jefferies James
Buyers seeking homes near London’s royal parks face paying an average of 86% more than the city’s typical property price, according to new research from Jefferies London.
The analysis looked at average house prices in postcodes bordering each of London’s royal parks and compared them to the average price within each park’s broader borough. The results reveal a striking price uplift for proximity to the capital’s most prestigious green spaces.
Across all royal park postcodes analysed, the average house price is £1,051,765. That’s 85.9% higher than the current London average of £565,637.
The largest price premium is seen around Green Park, where properties in neighbouring postcodes sell for an average of £1,637,081, £690,158 more than the Westminster borough average, representing a 72.9% uplift.
Other central parks also show steep premiums:
Hyde Park: 58.0% higher than the borough average
St James’s Park: 51.2% higher
Kensington Gardens: 30.7% higher
Regent’s Park and Primrose Hill: 18.5% above local averages
In contrast, some royal parks offer relative affordability.
Greenwich Park commands a modest 4.4% premium (£20,729)
Brompton Cemetery homes are 1.6% below the borough average
Richmond Park comes in at 6.7% below
Bushy Park is the most affordable, with surrounding homes priced 23.0% below the Richmond upon Thames average
The data shows that for many London buyers, access to green space, particularly the historic royal parks, remains a highly valued asset, especially in prime central areas.
“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,” said Damien Jefferies, Founder of Jefferies London. “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."
He concluded, "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.”
