Property prices along the River Thames

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There’s something incredibly tranquil about a property with a riverside view – especially in the UK’s biggest cities. In London, homes with views across the River Thames are in high demand and many command a price premium. However, depending on location, it’s possible to pay as much as £3million or as little as £280,000 for a Thames-side property.

Martin & Co explore the length of the river and reveal what you can expect to pay for a riverside view in the capital…

London Property Market in 2021

The property market in London hasn’t quite followed trends across the rest of the UK since the onset of the Covid-19 pandemic.

While many areas of the country have seen price growth of between 6% and 10% since August 2020, the average property price in London rose by just 1% to £635,585.

Where is the cheapest view of the River Thames?

Property hunters looking for a River Thames view on a budget should look in Thamesmead.

The SE28 area sits just south of the river and has an average property price of £281,851 – more than £350,000 below the London average.

Thamesmead is home to a large number of 20th century flats and houses that line the river north of Abbey Wood, with Barking in East London on the north bank.

Further south east along the river, Erith in Kent has an average riverside price of £291,280, while Dagenham on the north side of the Thames also boasts an average property price under £300,000.

Where is the most expensive view of the River Thames?

London property prices tend to rise the closer to central London you are and properties alongside the Thames are no different.

The SW1A area of Westminster and Whitehall includes such famous homes as Buckingham Palace and 10 Downing Street.

So, the average price of a home here dwarfs the London-wide average, coming in at £3,088,851 – some £2.5million more.

Properties in upmarket Chelsea, meanwhile, average just over £1.5m, with the views over the river towards Battersea park from Chelsea Embankment particularly sought-after.

Central London riverside property prices

Postcode Area Areas Covered Riverside Postcodes Avg. Property Price
EC3N Tower Hill, Tower of London EC3N 4 £621,377
EC3R Monument, Billingsgate EC3R 6 £460,000
EC4R Cannon Street EC4R 1, EC4R 3, EC4R 9 £495,000
EC4V Blackfriars EC4V 3, EC4V 4 £679,463
EC4Y Temple EC4Y 0, EC4Y 7, EC4Y 9 £910,000
WC2N Charing Cross WC2N 5, WC2N 6 £1,217,370
WC2R Temple WC2R 2, WC2R 3 £1,500,000

South London riverside property prices

Postcode Area Areas Covered Riverside Postcodes Avg. Property Price
SE1 London Bridge SE1 2 £725,030
SE1 Lambeth SE1 7 £945,478
SE1 Waterloo, Southwark SE1 8 £668,187
SE1 South Bank, Bank Side SE1 9 £1,247,346
SE7 Charlton SE7 7, SE7 8 £485,064
SE8 Deptford SE8 3 £414,274
SE10 Greenwich SE10 0, SE10 9 £514,436
SE16 Bermondsey SE16 4 £534,852
SE16 Rotherhithe SE16 5, SE16 7 £501,845
SE18 Woolwich SE18 5, SE18 6 £350,208
SE28 Thamesmead SE28 0, SE28 8 £281,851

South West London riverside property prices

Postcode Area Areas Covered Riverside Postcodes Avg. Property Price
SW1A Westminster, Whitehall SW1A 0, SW1A 2 £3,088,851
SW1P Millbank SW1P 3, SW1P 4 £735,682
SW1V Pimlico SW1V 3, SW1V 4 £748,182
SW1W Belgravia, Chelsea SW1W 8 £1,141,921
SW3 Chelsea SW3 4, SW3 5 £1,518,668
SW6 Fulham, Parson’s Green SW6 2, SW6 3, SW6 6 £973,358
SW8 Vauxhall, Nine Elms SW8 2, SW8 5 £606,532
SW11 Battersea (3, 4, 7, 8) SW11 3, SW11 4, SW11 7, SW11 8 £791,272
SW13 Barnes SW13 0, SW13 8, SW13 9 £1,164,745
SW14 Mortlake SW14 7, SW14 8 £916,134
SW15 Putney SW15 1, SW15 2 £791,197
SW18 Wandsworth Town SW18 1 £658,925

West London riverside property prices

Postcode Area Areas Covered Riverside Postcodes Avg. Property Price
W4 Chiswick W4 2 £957,364
W6 Fulham, Hammersmith W6 6 £882,744

Outer west London riverside property prices

Postcode Area Areas Covered Riverside Postcodes Avg. Property Price
KT1 Kingston upon Thames, Hampton Wick KT1 1 £533,046
KT2 Kingston upon Thames, Canbury, Coombe KT2 5 £678,761
KT6 Surbiton KT6 4 £564,797
KT8 East Molesey KT8 9 £783,128
TW1 Twickenham, St Margarets TW1 1 £744,317
TW7 Isleworth TW7 6 £472,113
TW8 Brentford, Kew Bridge TW8 0 £445,301
TW9 Richmond, Kew TW9 1 £804,002
TW10 Richmond, Petersham TW10 6 £890,131
TW11 Teddington TW11 8 £718,067

East London riverside property prices

Postcode Area Areas Covered Riverside Postcodes Avg. Property Price
E1W Wapping E1W 1, E1W 2, E1W 3 £615,695
E6 East Ham, Beckton E6 7 £375,465
E14 Poplar, Isle of Dogs E14 0 £529,898
E16 Canning Town, North Woolwich, Royal Docks E16 1 £413,584

Outer east London riverside property prices

Postcode Area Areas Covered Riverside Postcodes Avg. Property Price
DA8 Erith DA8 1 £291,280
DA17 Belvedere DA17 6 £310,515
IG11 Barking Riverside IG11 0 £300,631
RM9 Dagenham RM9 6 £295,450
RM13 Rainham RM13 8 £355,194

Should I buy a property on the River Thames?

A riverside view in London is a precious commodity in a city as bustling as the capital.

But as Martin & Co’s analysis shows, it is possible to find a Thames-side property in London without the high prices the city has become known for.

In fact, their research found 24 London areas with property prices below the city’s average and a whole host just above it – including some in prime central London.

So, if a London riverside property is on your wishlist, now could be the time to start your search..


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