London house prices: Homebuyers could pay up to 50 per cent more for views of the Thames river (and the Oxford-Cambridge boat race)
Struggling for ideas on where to get a good view of this weekend's Oxford-Cambridge boat race?
CityAM's guide to the 162nd race might be useful. Alternatively, you could buy a property overlooking the route in South West London.
But be warned: new research has found homebuyers in this area could face paying a 50 per cent premium for views of the Thames river.
Read more: The best places to watch the boat race this weekend
According to estate agent Marsh and Parsons, a two-bedroom flat with views of the river in King Henry’s Reach, situated on the Middlesex side of the course on the approach to Hammersmith Bridge, is currently on the market for £1,250,000 – equivalent to £1,275 per square foot.
A comparative two-bedroom apartment in the same gated development with no Thames view is £825,000 – £425,000 less, meaning the view demands a 52 per cent premium.
Read more: This is how much more houses cost this year
Matthew Hodder-Williams, Marsh and Parsons’ associate director and sales manager in Bishop’s Park, said: “A river view definitely comes with a considerable premium in this part of town, and properties with outstanding views don’t stay on the market for long.”
Samuel Bide, Marsh and Parsons Sales Manager for Barnes, added: “As a general rule of thumb however, for a river view in Barnes you can expect to pay £1,100 per sq. ft and for an apartment without that same appeal, between £900 and £1000 per sq ft.”