Area Guide For Richmond

Richmond is a town in south west London, England and is part of the London Borough of Richmond upon Thames. It is located 8.2 miles (13.2 km) west-southwest of Charing Cross. The founding and naming of Richmond followed the Tudor building of Richmond Palace early in the 16th century. During this era the town was particularly associated with Elizabeth I. The development of Richmond as a London suburb then began with the opening of the railway station in 1846. It was formerly part of the ancient parish of Kingston upon Thames in the county of Surrey and it became a municipal borough in 1890 that was enlarged in 1892 and 1933. It has formed part of Greater London since 1965. Richmond is a much sought after residential location, and among the most wealthy areas in the United Kingdom. It is also a significant commercial and upmarket retail centre, and has a developed day and evening economy. The town is located on a meander of the River Thames, with a large number of parks and open spaces, including Richmond Park, and many protected conservation areas. Richmond is noted for its high quality of life, as well as its affluence, and has been assessed as one of the happiest places in which


Richmond Map

Estimated Price: £968,661
Average Asking Price: £694,823
Price change in last one year: £110,212
Average Price Paid: £718,265
Average Rent Rates: £2,006


Property Prices Breakdown in Richmond

Average Price for property in Richmond is around £968,661 which varies based on type of property you are interested in and ranges from £2,309,221 for detached house to around £1,370,254 for semi-detached. Similarly terraced house is around £977,082 and a flat is worth £562,367. Values have been changing and have risen £8,621 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,306 in last 6 months, £110,212 in last 1 year, £169,326 in last 2 years, £200,807 in last 3 years, £201,362 in last 4 years and £211,433 in last 5 years.

Currently average asking price of a property in Richmond is around £694,823 based on approximately 586 properties for sale. Same is the case with rental options based on 2,723 properties up for rent, average asking rent is around £2,006 per month.

Estimated property value in Richmond is £968,661. Average asking price is £694,823 while average price paid is £836,355 which is up by £110,212 and Avg. asking rent £2,006.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Richmond area. In last 1 year alone average price buyer paid is around £836,355 based on approximately 586 sales in Richmond area alone. If you compare it to last 3 years sales of 1,982 properties where buyers paid around £761,765. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £718,265 for 3,313 and average amount paid for purchase of approx. 4,279 properties sold in last 7 years comes to about £688,562 per sale.


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £248,542, £467,340 for a 2 bedroom house, £552,743 for a 3 bedroom house, £833,501 for a 4 bedroom house and £1,365,420 for a 5 bedroom house. For a flat similarly the prices varies from £290,256 for a single bedroom to £433,529 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £772,690, £1,400,674 for a 4 bedroom flat and £1,502,531 for a 5 bedroom flat. To sum up the asking prices for properties in Richmond it comes to around average £286,789 for 1 bedroom property, £442,794 for 2 bedroom, £593,155 for 3 bedroom, £871,112 for 4 bedroom and £1,370,669 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £856 for 1 bedroom to £1,757 for 2 bedrooms, £1,936 for 3 bedrooms, £2,546 for 4 bedrooms and £4,030 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,291. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,677, £2,347 for 3 bedroom, £3,257 for 4 bedroom and around £3,015 for 5 bedroom flat. You should be generally be expecting around average £1,230 rent per month for single bedroom property, £1,691 for 2 bedroom, £2,063 for 3 bedroom, £2,616 for 4 bedroom and approximately £4,011 for a 5 bedroom property in Richmond area.

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Transportation in Richmond

Browse by Streets in Richmond